The strategy dynamically adjusts factor exposures (market, volatility, and duration) using:- S&P 500 Index options and futures, which provide equity participation with limited risk
- US Government bonds and futures, which seek to preserve capital and provide downside protection
Since the strategy’s inception on 1/1/1992, this combination of reduced maximum drawdown with significant upside capture has provided annualized returns in line with the S&P 500 Index over the long term – but with significantly less volatility.
Shown for illustrative purposes only.
There is no guarantee that these objectives will be achieved.