The investment seeks to provide growth and risk-adjusted total return.
The fund's adviser seeks to achieve the fund's investment objectives by allocating assets in a combination of (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"), (3) exchange-traded notes ("ETNs"), (4) closed-end investment companies (collectively "underlying funds"), and (5) equity and debt securities, including American Depositary Receipts ("ADRs") using the adviser's proprietary technical screening models.
The investment seeks to preserve and grow capital from investments in the U.S. and foreign equity, fixed income, commodity and currency markets, independent of market direction.
The fund is considered a "fund of funds" that seeks to achieve its investment objective by primarily investing in other affiliated and unaffiliated exchange-traded funds ("ETFs") that offer diversified exposure, including inverse exposure, to global regions, countries, styles (market capitalization, value, growth, etc.) or sectors, and other exchange-traded products including, but not limited to, exchange-traded notes ("ETNs"), exchange-traded currency trusts, and closed-end funds.