Investment Objective: |
The Fund may invest in Underlying Funds without any constraints as to the duration (i.e., the sensitivity of a fixed income security s price to interest rate changes), maturity, and country of domicile (including emerging market countries) of the securities held by the Underlying Funds. The Fund utilizes the Ned Davis Fixed Income Model developed by NDR, to determine its allocation to each Category. The model combines unique macro economic and technical indicators which (i) evaluate the relative attractiveness of Underlying Funds across Categories (ii) reallocate assets from Categories with unfavorable characteristics to areas providing the greatest opportunities and (iii) protect capital by lowering duration and reducing credit risk during weak economic environments. The indicators for each Category focus on risk/reward characteristics of each Category with the goal of investing in the areas that have the highest probability of maximizing total return. The Fund s allocation to a particular Category may be greater than 25%. Conversely, the Fund s allocation to a particular Category may be reduced to 0% if the Category s model composite is at low levels. |