Everyone keep in mind that this is an automatic transmission. I don't know much about the Honda automatic transmission since I always stick with the foot shift, but I found the following information on the internet. This is from 4X4 Review Offroad Magazine.
"Honda provides the Electronic Shift Program (ESP). Since the Rancher AT has a CVT, there are no actual gears, but the transmission does have five preset ratios which are controlled by thumb switches next to the left handgrip. This allows you to lock the transmission in a low "gear" for navigating steep hills or pulling heavy loads. ESP mode produces the smoothest shifts I have ever felt in any vehicle. When you shift with the throttle wide open, the only sign that you have changed gears is the audible change in engine RPM and the gear position indicator on the gauge cluster."
"One of the biggest advantages of this transmission is that it doesn't use traditional drive belts. Most ATVs with automatic transmissions employ rubber belts as their primary drive mechanism, and if they get wet, your ride is over until they dry out. The Hondamatic is completely sealed and instead of belts, it uses a set of pump and motor pistons with a motor side swash plate to continuously change motor side hydraulic capacity. The device is maintenance free, but the drawback is that if you break it, plan on spending about $1000 to replace it, as there are no dealer serviceable parts inside."