The principal objective of our Strategic PAA portfolio is to outperform the typical diversified sector portfolio through a disciplined and active management approach. The portfolio seeks exposure to the most promising asset classes relative to prevailing market conditions.
The portfolio framework for the Strategic PAA program
consists of the following parameters: (1) Allowable investment types are stock,
bond, money market, and inverse funds, (2) Asset allocation range is a maximum
100% equities or 90% fixed income securities, (3) Nine positions are held
in three tiers, and (4) Transaction frequency is a maximum of nine buys and
nine sells per quarter.
