MKAM

MKAM looks to participate in rising US equity markets by investing similarly to the S&P 500 while cutting volatility and drawdown risk. The fund tactically shifts the portfolio exposure using a market risk model that is based on macro trends and individual security fundamentals. The fund generally invests in favor of equities but may change exposure based on the model's signals. A daily assessment of these signals can result in an allocation to equity, fixed-income securities, or a mix of both ranging from 0-100% of portfolio assets. During stock declines, the fund aims to take a defensive position resulting in higher allocation to fixed-income securities. Fixed income exposure may include US Treasury, money-market instruments, and mutual funds. The fund may also purchase put options and sell futures contracts as forms of hedging from market drawdowns.