Investment Objective*
Seeks to provide upside market capture when the US stock market advances, while limiting losses during markets downturns.
Investment Approach
Utilizes long-dated S&P 500 call options in combination with US Treasuries to provide upside participation and downside protection. Exposures (market, volatility and duration) are actively managed in response to the changing market environment.
Key Features
- US large-cap risk mitigation focus
- Thirty year track record (inception January 1992) with no personnel turnover
- Utilizes highly liquid instruments seeking to achieve targeted exposures
- Designed to capture approximately 60% of the S&P 500 Index on the upside, while participating in only 33% of the downside
- Combines quantitative parameters and tactical portfolio manager judgment
- Highly experienced team determines target net exposure, provides oversight and makes continual model enhancements
* There can be no guarantee that this objective will be achieved.
Our adaptive investment strategies have helped investors navigate a wide variety of market environments for over 50 years.
