The investment seeks long-term capital appreciation.
The fund invests primarily in other investment companies, including ETFs. The Tactical Fund may invest in the international, domestic equity, and fixed income markets, with limited (typically less than 15%) exposure to emerging markets. In selecting the Tactical Fund's positions, the adviser will identify securities that exhibit low volatility, consistent performance, and positive total returns. The adviser utilizes a proprietary investment research process called "Rational Analysis" to select securities. It uses Fundamental Analysis, Technical Analysis, and Quantitative Studies in selecting the positions.
The investment seeks a moderate total rate of return (income plus capital appreciation) on an annual basis.
The fund invests in any combination of equity and fixed-income securities based on market conditions and trends and the Subadviser's expectations and assessment of risks. It may invest directly in equity and fixed-income securities. The fund will primarily invest in such securities indirectly through securities that invest in or are a derivative of such securities, primarily including futures contracts, swap agreements, exchange-traded funds, naked and covered options on such instruments, currencies, and other investment companies. It is non-diversified.