PWRAX – DF Tactical Income Fund A Investment Strategy | Morningstar

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Strategy

The investment seeks total return from income and capital appreciation with capital preservation as a secondary objective. The fund invests in income-producing fixed income and alternative strategy exchange-traded funds ("ETFs"). Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as "high yield" or "junk" bonds that are rated below Baa3 by Moody's Investors Service or similarly by another rating agency. It may also invest in ETFs that primarily invest in dividend-paying equity securities of U.S., foreign and emerging market issuers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PWRIX	DF Tactical Income Fund Class I	Institutional	Open			Sep 14, 2010	$64.49M	1.750%	High	$10,000	−$25.16M
PWRAX	DF Tactical Income Fund Class A	Front Load	Open			Sep 14, 2010	$1.92M	2.000%	High	$1,000	−$118,621.34
PWRCX	DF Tactical Income Fund Class C	Level Load	Open			Nov 25, 2014	$498,427.00	2.750%	High	$1,000	−$93,231.65

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