RSBT

RSBT aims to provide simultaneous exposure to bonds and a managed futures strategy. The fund seeks the total return of the broad US fixed income market by investing in US Treasury securities and futures, as well as broad-based bond ETFs. The fund adviser has full discretion to manage the duration risk of the bond portfolio. For the managed futures strategy, RSBT invests in futures contracts of commodities, currencies, equity indexes, bonds, and interest rate securities, with no geographic limits. It employs a proprietary process to gain from price trends while assessing each instrument's risk. The fund expects to have long and short positions across all four major asset classes. The fund may indirectly invest in these instruments by utilizing a Cayman Islands subsidiary. It will also frequently roll futures, causing a high portfolio turnover rate. RSBT targets a 100% notional exposure to the investments in each strategy or an aggregate notional exposure of 200%. The fund holds US T-bills and cash equivalents as collateral and for additional income.