The Fund’s investment objective is to seek total return. P/E Global LLC (the “Adviser”) seeks to achieve the Fund’s investment objective primarily by investing in exchange-traded futures, including equity index, such as futures related to the MSCI EAFE Index, and currency (FX) futures.
The Fund may also invest in forward contracts. As the Fund’s equity index and currency exposure is taken primarily through investments in futures contacts, which generally do not require significant collateral, the Fund also expects to invest a significant portion of its assets in instruments for cash management purposes, including fixed-income securities, such as U.S. Treasury securities, money market securities, cash or cash equivalents.
The Adviser employs various qualitative and quantitative investment processes that it refers to as the Enhanced International Equity Strategy on behalf of the Fund.
The Enhanced International Equity Strategy seeks to combine the performance of:
- Certain U.S. dollar hedged global equity index futures (referred to as the “International Equity Index Futures Component”), and
- the Adviser’s proprietary FX Strategy (Conservative, No-Gold), a strategy focused on the international currency markets that targets a volatility designated by P/E Global as conservative and excludes exposure to gold (the “FX Component”).