| Investment Objective: |
The Advisor seeks to achieve the Fund s investment objective of total return by investing in other investment companies, including mutual funds and ETFs that are registered under the Investment Company Act of 1940, as amended (the "1940 Act ) and not affiliated with the Fund (Portfolio Funds) or by making direct investments. The Funds portfolio will consist of a mix of direct and indirect investments through Portfolio Funds and each may be all of the Fund s portfolio or none of the Fund s portfolio at any given time. The Funds fixed income investments, both direct and indirect through Portfolio Funds, may include mortgage backed securities, asset backed securities, commercial mortgage backed securities, non-agency mortgage backed securities, corporate investment grade securities, convertible securities, high yield-high risk bonds (commonly known as junk bonds), securities issued or guaranteed by certain U.S. Government agencies, instrumentalities and sponsored enterprises, ETNs and global debt securities. The Fund s equity investments, both direct and indirect through Portfolio Funds, may include dividend paying equity securities, REITs, and preferred securities. The Funds equity investments will not be limited by sector criteria or market capitalization. |
