Each defined outcome investment is a combination of two different sets of securities:
A defined outcome
Our funds regularly rebalance a diversified basket of exchange-traded options and investment-grade fixed income securities in order to provide a defined risk/return exposure. The basket of exchange-traded options is constructed to provide a defined outcome while the investment-grade fixed income securities finance the options purchases.
Our offerings provide a degree of investment seeking and risk management rarely available to investors. We believe other controlled risk and defined outcome solutions, such as protection-themed funds and traditional structured notes, present considerable shortcomings when compared with our funds. See our detailed comparisons with protection-themed funds and structured notes.