Investment Strategies. The Advisor will seek to achieve the investment objectives of the Trust by pursuing strategies generally known as “relative value strategies” that utilize quantitative methodologies to identify potentially profitable discrepancies in the relative values or market prices of one or more assets and seek to control the risks and volatility of these investments by taking long and/or short positions in historically correlated assets, it being understood that the Advisor will have discretion in the determination of which particular strategies fall within the category of “relative value strategies”.
Investment Strategies. It will, and will cause each of the Guarantors to, comply in all material respects with the Investment Strategies.
Investment Strategies. The Partnership will employ a variety of investment strategies to take advantage of profitable opportunities in the capital markets. Strategies that may be used by the General Partner include:
Investment Strategies. (If using two or more strategies please note which percentage for each) Large Cap: % Taxable Large Cap: % Dividend Inc.: % Taxable Fixed: % Non-Taxable Fixed: % (State: ) Diversified ETF Asset Allocation Strategies: GCA Global Balanced (ETF) % GCA International Equity (ETF) % Approximate starting market value: Funded with: Cash Securities Both
Investment Strategies. We use the following strategy(ies) in managing client accounts, provided that such strategy(ies) are appropriate to the needs of the client and consistent with the client's investment objectives, risk tolerance, and time horizons, among other considerations: Long-term purchases: We purchase securities with the idea of holding them in the client's account for a year or longer. Typically we employ this strategy when: • We believe the securities to be currently undervalued, and/or • We want exposure to a particular asset class over time, regardless of the current projection for this class. A risk in a long-term purchase strategy is that by holding the security for this length of time, we may not take advantage of short-term gains that could be profitable to a client. Moreover, if our predictions are incorrect, a security may decline sharply in value before we make the decision to sell. Short-term purchases: When utilizing this strategy, we purchase securities with the idea of selling them within a relatively short time (typically a year or less). We do this in an attempt to take advantage of conditions that we believe will soon result in a price swing in the securities we purchase. A short-term purchase strategy poses risks should the anticipated price swing not materialize; we are then left with the option of having a long-term investment in a security that was designed to be a short- term purchase, or potentially taking a loss. In addition, this strategy involves more frequent trading than does a longer-term strategy, and will result in increased brokerage and other transaction-related costs, as well as less favorable tax treatment of short-term capital gains.
Investment Strategies. E.5.1 The success of the investment strategies depends upon the ability to interpret correctly market data. Any factor which would make it more difficult to execute timely trades, such as a significant lessening of liquidity in a particular market would also be detrimental to profitability. As the strategies may be modified and altered from time to time, it is possible that the strategies used in the future may be different from those presently in use. No assurance can be given that the strategies used or to be used will be successful under all or any market conditions.
Investment Strategies. Each Target Risk Investment Option pursues its investment objective by investing in certain underlying mutual funds. All but one of the underlying mutual funds are considered “index funds,” meaning that they are designed to track a benchmark index. The other underlying mutual fund is an actively-managed fund. The extent to which each Target Risk Investment Option seeks to allocate its assets (by percentage) to the underlying mutual funds is set forth in the table below. The table below also sets forth the extent to which the Moderate Portfolio and Conservative Portfolio seeks to allocate their assets (by percentage) to the Funding Agreement. TIAA- CREF Equity Index Fund (TIEIX) TIAA-CREF International Equity Index Fund (TCIEX) TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) TIAA- CREF Bond Index Fund (TBIIX) TIAA-CREF Inflation- Linked Bond Fund (TIILX) TIAA-CREF Life Funding Agreement Conservative Portfolio 14.00% 4.50% 1.50% 44.00% 11.00% 25.00% Moderate Portfolio 35.00% 11.25% 3.75% 36.00% 9.00% 5.00% Aggressive Growth Portfolio 56.00% 18.00% 6.00% 16.00% 4.00% 0.00% Due to having the highest percentage allocation of assets to equity markets, the Aggressive Growth Portfolio may have greater potential for returns than the other Target Risk Investment Options, but it may also have the greatest risk of loss. Due to having the highest percentage allocation of assets to bond markets and the Funding Agreement, the Conservative Portfolio may have less potential for returns than the other Target Risk Investment Options, but it may also have the least risk of loss. Given its allocations to the equity markets, the bond markets, and the Funding Agreement relative to the other Target Risk Investment Options, the Moderate Portfolio may have (i) less potential for returns and risk of loss than the Aggressive Growth Portfolio and (ii) greater potential for returns and risk of loss than the Conservative Portfolio. The table above reflects the target asset allocations of the Target Risk Investment Options. Due to investment performance and other factors, the Target Risk Investment Options’ actual allocations among the underlying mutual funds (and the Funding Agreement with respect to the Moderate Portfolio and Conservative Portfolio) will fluctuate. The Program Manager will rebalance the Target Risk Investment Options’ allocations from time-to-time based on their target asset allocations. As reflected in their target asset allocations, to varying degrees, the Targe...
Investment Strategies. The Energy Trading Program’s investment strategies can generally be separated into three categories: relative value, directional and volatility. Pan believes relative value trades are better served by solid fundamental analysis as mentioned above, while directional and volatility trades are necessarily complimentary and can provide additional returns. However, Pan will adopt different strategies based on market conditions. Relative value strategies seek to profit from the relative mispricing of related assets: for example, natural gas time spread, electricity to natural gas spark spread and heating oil to crude crack spread. These strategies usually are highly quantitative and need thorough fundamental analysis and sometimes historical pricing study. Relative value trades can generate returns independent of overall market movements and bearing less market risk. Because the mispricing that these strategies exploit tend to be small in absolute terms, these strategies frequently take bigger positions than other strategies. Directional strategies attempt to predict absolute price movements of the market. Price forecasting will be based on fundamental analysis of the underlying assets, with the belief that the market will revert to the fair value of the assets. These strategies are subject to the risk that Pan has incorrectly identified fair value or that the fair value is not reflected in the market within the time horizon of the strategy. Volatility strategies try to take advantage of changes in price volatility, leveraged view on market directions and mispricing of tail events. The strategies either may provide independent returns from price direction movement, or may enable Pan to initiate trades with limited risks, while having materially superior reward potential. XXXXXXXX X
Investment Strategies. Each Scholar’s Edge Target Risk Portfolio allocates its assets among ETFs and mutual funds. The ETFs and mutual funds in which the Portfolios invest provide access to broad asset classes that include (but are not limited to) U.S. and international equities, bonds, real estate, and cash. The Portfolios may also invest in the Scholar’s Edge Guaranteed Contract. The Portfolios’ target asset allocations, which are designed based on their respective target risk profiles and investment objectives, generally remain static. ⮚ Aggressive Portfolio. A target asset allocation of 88% equity and 12% fixed income investments. ⮚ Moderate Portfolio. A target asset allocation of 58% equity and 42% fixed income investments. ⮚ Conservative Portfolio. A target asset allocation of 27.5% equity and 72.5% fixed income investments. ⮚ Fixed Income Portfolio. A target asset allocation of 100% fixed income investments. • Investment Risks. The Scholar’s Edge Target Risk Portfolios are subject to the investment risks of their Underlying Investments. ⮚ See Appendix A: Additional Underlying Investment Information – Investment Objectives, Principal Investment Strategies, and Principal Risks of the Underlying Funds starting on page 65 for information about the investment risks of the Underlying Funds. ⮚ See Appendix A: Additional Underlying Investment Information – Additional Information about the Scholar’s Edge Guaranteed Contract starting on page 82 for risk information related to the Scholar’s Edge Guaranteed Contract.
Investment Strategies. Each Investment Professional may use any or all of the following investment strategies in identifying attractive investment opportunities or determining an investment program for the client. Clients should review with each Investment Professional the specific investment strategies being used for the client’s portfolio.