Toews Tactical Income Fund (THHYX)

Overview

The fund described is a diversified investment fund with a focus on generating returns through a variety of high-yield debt instruments and derivatives. It employs a strategy that involves investing in a mix of assets, including ETFs that are exposed to domestic and foreign high-yield debt, futures total return swaps, credit default swaps, other fixed-income securities regardless of their rating, and futures contracts related to high-yield corporate bonds. This approach is aimed at investors looking for exposure to high-yield income-generating assets across a range of markets, striving to balance risk while seeking opportunities for gains in different economic conditions. Additionally, the fund considers investments in cash equivalents both in the U.S. and abroad as part of its portfolio diversification strategy.

Products and Services

• ETFs and Investment Companies

  Invests in ETFs and open-end investment companies that mainly focus on or have exposure to high-yield debt instruments, both domestically and internationally. This allows investors to gain diversified exposure to high-yield markets worldwide.

• Futures Total Return Swaps / Credit Default Swaps

  Engages in derivatives trading, specifically through futures total return swaps and credit default swaps. This strategy is employed to hedge against market volatility or to speculate on the future direction of credit markets, enhancing potential returns.

• Fixed-income Securities

  Invests in a wide array of U.S. and foreign fixed-income securities across all ratings. This broad spectrum approach allows for flexibility in response to changing market conditions and opportunities to capture yields across different sectors and geographies.

• iBoxx iShares High Yield Corporate Bond Futures

  Makes strategic investments in iBoxx iShares High Yield Corporate Bond Futures contracts and other related futures contracts. This provides a focused approach on high-yield corporate bonds, seeking to benefit from movements in this specific segment of the bond market.

• Cash Equivalents

  Includes U.S. or foreign cash equivalents in the investment mix, offering liquidity and a safeguard against market downturns. This element of the portfolio serves as a risk management tool, ensuring that the fund can respond swiftly to investment opportunities or needs for rebalancing.