The fund seeks capital appreciation and current income by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team employs a rules-based investment strategy, that includes both a sector tactical overlay and ranking selection strategy among the eleven major economic sectors in the U.S. economy.

These eleven sectors include: communications services, consumer discretionary; consumer staples; energy; financials; health care; industrials; information technology; materials; real estate and utilities.

The team may invest in any number of the highest dividend yielding and highest momentum stocks from a particular sector.

Then the ranking by dividend yield of all stocks in the sector is made and the highest dividend stocks may be selected.

Also, a ranking by momentum of all stocks in the sector is made and the top momentum-based stocks may be selected.

In addition, the team may invest into the entire sector by buying an exchange-traded-fund representing all constituent stocks of that sector that are in the Index or in one or more ETFs representing a portion of a sector.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

When none of the sectors is on a buy, the fund may invest all or a substantial portion of its assets in cash and/or cash equivalents and may invest in a smaller number of holdings.