Common use of Investment Strategy Clause in Contracts

Investment Strategy. VIA will integrate the activities of the Fund's subadvisers to create a framework in which overall Fund exposure to stocks, bonds, and cash will be varied in response to changes in criteria including: - Long-term expected returns - Historical valuation levels - Monetary, economic, and other indicators that can be quantified and measured over long periods of time. Subadvisers seek to add value by taking advantage of the changes in relative value and risk among asset classes. Allocation among asset classes may change dramatically over time. Allocation among asset classes are often implemented by using futures contracts. Portfolio management of assets representing each asset class may be active or passive.