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". Its equity allocation will generally vary between approximately 30% and 35% of its net assets. The equity allocation normally involves a combination of domestic and non-U.S. ETFs, consisting of any mixture of large, medium and small-cap styles and pursuing growth or value strategies. The fund's allocation to bond ETFs will generally vary between approximately 65% and 70% of net assets.