Toews Tactical Defensive Alpha Fund (TTDAX)

Overview

The investment strategy of the fund is designed to seek achievement of its investment objectives through a diversified approach that involves primarily investing in derivative instruments, such as futures contracts on equity indices which may include issuers of any capitalization. Alongside derivatives, the fund allocates investments in fixed income securities and cash equivalents, offering a broad, dynamic approach to asset management. This strategy allows for direct investment in a wide range of stocks, including those of U.S. issuers of any capitalization, foreign large cap stocks, and various exchange traded funds (ETFs) that predominantly invest in common stocks, aiming to cater to a diverse array of investment preferences and risk tolerances.

Products and Services

• Derivative Instruments:

  These instruments, including futures contracts on equity indices, offer the fund a way to gain exposure to a broad market segment or specific sector without directly owning the underlying assets. This can potentially allow for significant flexibility and hedging capabilities within the fund's portfolio.

• Fixed Income Securities:

  Investment in fixed income securities provides a stable income stream to the fund, contributing to risk diversification. These securities, which may include government bonds, municipal bonds, and corporate bonds, add a layer of safety and predictability within the fund's investment strategy.

• Cash Equivalents:

  Investing a portion of the portfolio in cash equivalents, such as treasury bills, commercial paper, or money market funds, provides liquidity and security. This allocation helps in managing the fund's operational needs and mitigating risk during volatile market conditions.

• Direct Stock Investments:

  The ability to directly invest in stocks of U.S. issuers of any capitalization and foreign large cap stocks allows for targeted growth opportunities. This direct exposure to the equity market can drive the fund's performance, capitalizing on the dynamism and potential of individual companies and sectors.

• Exchange Traded Funds (ETFs):

  By investing in ETFs that primarily focus on common stock, the fund can gain broad market exposure while benefiting from the liquidity and cost-effectiveness of ETFs. This strategy enhances the fund's diversification and allows for efficient management of its investment portfolio.