Fund Description

The fund seeks its investment objective by investing primarily in equity index futures, along with U.S. large-cap stocks, ETFs that primarily invest in U.S. large cap stocks, investment-grade fixed income securities, ETFs that primarily invest in investment grade fixed income securities, cash equivalents such as U.S. Treasury securities, and futures on investment-grade fixed income and U.S. Treasury securities. It uses a tactical mix of securities and derivatives to provide economic exposure similar to broad-based U.S. large-cap indices, with a secondary objective of limiting risk in unfavorable markets, when it may hold significant cash. It may use representative sampling, options, and short sales of equity ETFs and related derivatives, and the adviser primarily uses technical analysis of large-cap equity markets, monitoring price movements and momentum to identify appropriate portfolio weighting.