| Investment Objective: |
PEO AlphaQuest Thematic PE ETF is an actively-managed that seeks to achieve its investment objective through a portfolio of investments comprised of two primary components: (i)Equity Strategy: A portfolio of equity securities and (ii)Derivatives Strategies: A portfolio of futures contracts and futures-related instruments, such as forwards, and foreign currency spot contracts in global markets. These instruments provide exposure across a wide range of asset classes, including equities, fixed income, currencies and commodities. Equity Strategy and Derivatives Strategies seek to deliver excess or comparable returns, with lower volatility, as compared to public equity markets, represented by the Russell 2500 Index, by emulating certain investment themes of traditional private equity funds focused on leveraged buyouts. The PE themes that the Fund will emulate include (i) investing in equity of public companies in select industries and with specific characteristics similar to those selected by PE funds, (ii) increasing equity exposure, which PE funds typically achieve through traditional leverage, through the use of equity index futures, and (iii) seeking to reduce downside volatility of performance as compared to public markets, which is also a characteristic of PE funds. |
