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 fund's objectives by utilizing both tactical and strategic asset allocation strategies. Under normal circumstances, the fund's equity allocation will generally vary between 20% and 35% of its net assets. The fund's allocation to high yield (commonly known as "junk bonds") and emerging market fixed income asset classes will generally vary between 30% and 55% of its net assets.