The defined outcome process

Each defined outcome investment is a combination of two different sets of securities:

1Diversified portfolio of investment grade credit with < 3 year maturities
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2Embedded cleared options competitively priced with < 2 year maturities
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A defined outcome


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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.