Investment Objective: |
The Fund seeks to achieve its investment objective by investing in a combination of exchange traded funds ETFs focusing on fixed income investments Underlying Bond Funds and futures contracts on 10 year U S Treasury notes 10 Year Treasury Futures The Adviser will attempt to construct a diversified portfolio of Underlying Bond Funds that offer the most attractive risk adjusted return characteristics based on the Advisers analysis of the Underlying Bond Funds total return volatility liquidity and fee structure The Funds portfolio is selected by identifying Underlying Bond Funds focused on a range of fixed income instruments that provide exposure to various credit qualities and issuers to enable the Fund to navigate a variety of market conditions The Fund normally holds between eight and twelve Underlying Bond Funds but at times may hold more or less and may shift its investments among fixed income instruments depending on the Advisers assessment of market conditions and the suitability of investment opportunities Under normal circumstances the Fund invests at least 80 of its net assets in bonds and other fixed income securities through its investments in the Underlying Bond Funds. |