FNAPPX Strategic Income Advantage Select, Closed-End Portfolio
The Trust seeks a high rate of current monthly income, with capital appreciation as a secondary objective. There is no guarantee the objectives of the Trust will be achieved.
Under normal circumstances, the Trust will invest at least 80% of its assets in closed-end funds.
The Multi-Sector Approach.
The Trust seeks to provide a high rate of current monthly income and to reduce some of the volatility typically associated with high-income investments. To accomplish this, the portfolio is diversified across a broad range of closed-end funds that invest in U.S. and foreign common stocks and taxable bonds. Because different sectors follow different cycles and react differently to changes in global economies and interest rates, spreading assets across this spectrum of closed-end funds has the potential to reduce the overall risk of the portfolio.