It is an all - weather strategic asset allocation fund constructed for global exposure across diverse asset classes, but with lower volatility than your typical long term target allocation fund. (mutualfundobserver.com)
In less - than - favorable economic times, their ability to invest in more diverse asset classes can act as a partial hedge. (valueline.com)
A buy and hold portfolio since 2008 had 22.4 % volatility and a -46.28 % drawdown (despite being allocated across 5 seemingly diverse asset classes) and, frankly, disappointing results (results from ETF Replay include dividends): (scottsinvestments.com)