The Fund will invest, under normal circumstances, at least 80 percent of its net assets plus the amount of borrowings for investment purposes, in equity securities, including common stocks, partnership interests, and other equity investments or ownership interests in business enterprises. Equity securities also include other ETFs that invest substantially in, or that provide substantial long or short exposure to, equity securities, including through leverage. In addition, the Fund may invest up to 95 percent of its net assets in such securities. The Fund 's ETF investments may include traditional ETFs, inverse ETFs and leveraged ETFs. The Sub-Adviser typically utilizes Leveraged and Inverse ETFs to seek to mitigate or reduce the Fund 's overall portfolio volatility. The Fund 's investments will include small-, medium- and large-capitalization companies, with the Sub-Adviser focusing on investing in companies with market capitalization greater than $1 billion. Under normal circumstances, the Fund as a target will invest between 5 percent and 20 percent of the Fund 's portfolio in fixed income securities on an opportunistic basis, including short-term treasuries, money market funds, and other cash equivalents. The Fund may maintain a higher percentage of the Fund 's assets in such investments under extreme conditions.