| Investment Objective: |
The Fund seeks to exceed the total return of the S&P 500 Index (the "Benchmark") by investing under normal circumstances in exchanged traded funds ("U.S. Large Cap ETFs") that invest in the equity securities of companies that are organized or operating in the United States and that, at the time of investment, have market capitalizations that are within the range represented in the Benchmark ("U.S. Large Cap Equity Securities") as well as derivatives on U.S. Large Cap ETFs, backed by a portfolio of Fixed Income Instruments and Preferred Securities Instruments. The Fund may also invest directly in U.S. Large Cap Equity Securities as well as derivatives on U.S. Large Cap Equity Securities. "Fixed Income Instruments" will primarily consist of municipal bonds and municipal bond ETFs but may include non-municipal bonds, bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities as well as ETFs on such instruments. The Fund may invest in U.S. and non-U.S. Fixed Income Instruments of any maturity or duration. The Fund normally uses option contracts on U.S. Large Cap Equity Securities and U.S. Large Cap ETFs to attempt to equal or exceed the daily performance of the Benchmark. |
