The fund invests in various asset classes that provides dividend income and capital appreciation, while reducing portfolio volatility via options overlay and duration hedging. The fund uses rules-based portfolio selection strategies. For equities, the fund will screen for quality, dividends and volatility while for bonds the allocation is spread out across investment grade and high yield government securities. The options collar strategy for equities, writes calls and buy puts on the S&P 500 while on fixed income securities, it writes options on 10-year US bonds. Options may be either exchange-traded or OTC options. The fund may enter into securities lending to generate income. PRP may not commit more than 50% of its NAV to securities lending and the borrower must provide collateral worth at least 102% of the value of the securities loaned. PRP may be reconstituted and rebalanced at the discretion of the investment advisor.