The investment seeks to achieve long-term capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio. Under normal market conditions, the Portfolio will invest primarily in a combination of exchange-traded funds ("ETFs"), futures contracts, and individual equity and fixed income securities that provide exposure to global equity markets and U.S. Treasuries. The Portfolio may gain or adjust exposure to each asset class either through transactions in individual securities or through other instruments, including derivatives.