Toews Tactical Defensive Alpha Fund is an actively managed mutual fund in the long-short equity category focused on delivering long-term capital growth while seeking to limit risk in unfavorable markets. The strategy emphasizes an options-hedged approach to equity exposure, using put options and futures overlays to manage drawdowns and dynamically adjust risk through market cycles. The portfolio often combines hedged U.S. and developed markets equity exposures with substantial cash or cash equivalents when conditions warrant, reflecting a defensive posture designed to moderate volatility. Notable attributes include a process tailored for both upward-trending markets and declines—pursuing equity appreciation in rising environments and potential option-based protection during sell-offs. The fund’s structure and active risk management aim to serve as a core equity component for more conservative allocations or as a diversifying sleeve alongside traditional long-only equities and bonds. It is positioned within a cost-competitive peer group for its category and maintains open availability to investors, with a published objective of long-term growth and secondary emphasis on risk control.
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