The fund seeks to provide income with low volatility, while targeting low correlation to equity and traditional income. To achieve this goal, the fund will invest primarily in both cash and debt instruments of any credit quality in the developed world, and will use leverage, through cash borrowings, short sales and derivatives. Debt holdings includes government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities including ETFs. The use of leverage must not exceed three times the fund’s net asset. Portfolio holdings are tactically managed based on sub-adviser’s views of the markets, opportunities and risk. These views are determined through a mix of top-down macroeconomic analysis, and a bottom-up company/security level analysis. Do note though that this flexible approach may result in a higher portfolio turnover rate.