Strategy. In seeking to achieve the Funds investment objective, the Adviser has selected CSM Advisors, LLC (CSM or the Sub-Adviser), an affiliate of, and under common control with, the Adviser, to serve as the Funds sub-adviser and allocates the Funds assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Funds assets directly. The Fund invests, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed and floating rate investment-grade securities. The Sub-Adviser seeks to create a portfolio of high quality and highly liquid securities that are intended to provide an above market yield. The Fund focuses on investments in fixed maturity … Show more… In seeking to achieve the Funds investment objective, the Adviser has selected CSM Advisors, LLC (CSM or the Sub-Adviser), an affiliate of, and under common control with, the Adviser, to serve as the Funds sub-adviser and allocates the Funds assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Funds assets directly. The Fund invests, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed and floating rate investment-grade securities. The Sub-Adviser seeks to create a portfolio of high quality and highly liquid securities that are intended to provide an above market yield. The Fund focuses on investments in fixed maturity and callable U.S. Government Agency securities and high-quality corporate bonds (primarily A or better), agency mortgages and other investment grade securitized holdings, seeking to minimize the potential for loss of principal due to credit risk. The Sub-Adviser believes that these securities offer favorable yields relative to specific market risks. The Sub-Adviser typically diversifies among multiple security types that it believes provide the best risk/return profile over the long term. These securities include, among others, U.S. Treasury Inflation - Protected Securities, certificates of deposit, zero coupon callable agency bonds, and mortgage-backed and other asset-backed securities (including senior, first tranche collateralized loan obligations). The Sub-Adviser seeks to consistently add value relative to the performance of the Bloomberg Index on both a nominal and risk-adjusted basis. Employing a primary focus on security selection, the Fund seeks to outperform across a range of plausible market scenarios while maintaining superior credit quality and liquidity. The Sub-Advisers methodology incorporates a bottom-up approach that is opportunistic, yet risk controlled. As noted above, the Sub-Advisers focus on active management of high-quality and highly liquid securities is designed to mitigate credit and duration risk and provide enhanced portfolio diversification. Duration is a measure of the expected price volatility of a bond to changes in interest rates. The longer the duration of a bond, the more sensitive it will be to changes in interest rates. For example, a three-year duration means a bond is expected to decrease in value by 3% if interest rates rise 1% and increase in value by 3% if interest rates fall 1%. The Sub-Adviser assesses a broad range of economic data to develop plausible market scenarios as inputs to portfolio construction. The Funds portfolio alpha is expected to result primarily from active security analysis and sector weighting decisions. The Funds holdings are focused on the largest and most liquid credit issuers as well as a broad array of government agency holdings in an effort to produce superior risk-adjusted returns and liquidity across market scenarios. The Sub-Advisers tactical approach to duration is employed as a tool primarily for principal preservation, typically operating within an 80% to 120% range versus the duration of the Bloomberg Index. The Bloomberg Index duration was 5.84 years as of August 31, 2025. The aggregate portfolio holdings are expected to generally have a maximum expected average life of 10 years or less. Show less