The fund invests in a wide variety of assets to ensure a well-balanced and diversified portfolio. Key investments include:

1. Equities (Stocks): A significant portion of the fund is allocated to stocks, both domestic and international. By investing in equities, the fund seeks to capitalize on the growth potential of companies across different sectors and regions.

2. Fixed Income (Bonds): The fund also invests in bonds to provide stability and generate regular income. The bond portfolio includes both government and corporate bonds, which help offset the volatility of equities and provide a steady cash flow.

3. Alternative Investments: The fund may also invest in alternative assets, such as real estate or commodities, to further diversify its holdings and mitigate risk.

Performance and Risk Factors

As with any investment, the ES-JB25RMF Fund is subject to various risks that can affect its performance. These include:

• Market Risk: Since the fund invests in equities and other market-sensitive assets, it is exposed to market fluctuations. Stock prices can be volatile, and the value of investments may decline during market downturns.

• Interest Rate Risk: The fixed-income portion of the fund may be affected by changes in interest rates. Rising interest rates can lead to lower bond prices, impacting the overall value of the portfolio.

• Currency Risk: The fund’s international investments may be affected by fluctuations in currency exchange rates. These changes can impact returns, especially for assets denominated in foreign currencies.

• Inflation Risk: Over time, inflation can erode the purchasing power of the returns generated by the fund, especially if inflation exceeds the fund’s returns.

The fund's active management helps to mitigate these risks by adjusting the portfolio in response to changing market conditions. shutdown123