| Investment Objective: |
The Fund's investment objective seeks to maximize current income with a secondary objective to pursue strategic opportunities for capital appreciation. The fund invests in fixed income securities. The Adviser will construct the Fund's portfolio by investing in a range of fixed income securities, including municipal bonds, government bonds, and corporate bonds. Under normal circumstances, the Fund will hold between 100 and 150 bonds. The Fund's investments in corporate bonds will include, but is not limited to, fixed or floating rate bonds, zero-coupon bonds and convertible bonds. The Fund may also invest in asset-backed and mortgage backed securities. The Fund's investments in debt securities may include, equity-linked notes ("ELNs"), other investment companies or exchange-traded funds ("ETFs"). The Fund may invest in securities of any credit quality and maturity, including securities rated below investment grade, or unrated securities, commonly known as "high yield" or "junk" bonds. The Adviser considers economic factors such as inflation, interest rates, unemployment, commodity prices, economic growth, and monetary policy when pursuing the Fund's strategies. |
