Investment Objective The investment seeks total return which exceeds that of its benchmark. The fund seeks to exceed the total return of the S&P 500 Index by investing under normal circumstances in derivatives based on Enhanced RAFI ® US Large backed by a portfolio of Fixed Income Instruments, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. It typically will seek to gain exposure to Enhanced RAFI ® US Large by investing in total return swap agreements.