The investment seeks high current income as the primary objective with capital appreciation as a secondary objective.
The fund invests primarily in a combination of "ETFs". The sub-adviser seeks to achieve the objective by utilizing a tactical and strategic asset allocation process. The fund's equity allocation will generally vary between 20% and 35% of its net assets. Its allocation to high yield and emerging market fixed income asset classes will generally vary between 30% and 55% of its net assets. The fund's allocation to other bond ETFs will generally vary between 10% and 50% of its net assets.