BSR actively aims to capture the upside in bullish US equity markets. A proprietary targeted loss-reduction strategy is employed at the sector level. The adviser analyzes bull and bear trendlines by incorporating five moving averages: simple, time, exponential, volume, and volatility. The fund is equally diversified in 11 independent Vanguard sector ETFs, where one can step in and out of the market as pre-determined data points signal necessary protection. As a sector develops a bearish trendline, allocations from this specific sector are liquidated. Proceeds are then reinvested either equally across five fixed-income ETFs: short-, intermediate-, long-term bonds, inflation-protected securities, and extended-duration treasuries or in a single short-term bond ETF. The fixed-income allocation is maintained until the most recently liquidated ETF shows an upward trend. The strategy will result in active trading. Investors should note the total fees in using a fund-of-funds wrapper.