The investment seeks total return from income and capital appreciation with capital preservation as a secondary objective. The fund adviser seeks to achieve its investment objectives by managing The fund invests in a manner that follows a rules based strategy that employs a disciplined investment selection process with tactical overlays that determines whether it will be in a bullish or defensive position. The fund has adopted a non-fundamental policy to invest at least 80% of its net assets in the constituent securities that make up the model.