• you want a conservative investment with the potential for some capital appreciation
• you are comfortable with low investment risk (i.e. you are willing to accept some fluctuations in market value of you investment over the short term

To preserve value by investing primarily in mutual funds invested in lower risk asset classes, such as such as cash or cash equivalents and fixed income investments, with only limited exposure to mutual funds invested in equity securities. The Portfolio may also invest directly in fixed income securities and cash or cash equivalents.