Under normal market conditions, the Advisor intends to invest primarily all, but must invest at least 80%, of its net assets, plus any borrowing for investment purposes, in fixed income securities. The fund invests primarily in debt securities rated within the four highest credit categories (AAA, AA, A, BAA, or equivalent) by at least one nationally recognized statistical rating organization, or if unrated, deemed to be of comparable quality by the fund's sub-adviser, First National Fund Advisers.