The Wakefield Managed Futures Strategy Fund seeks to achieve its investment objective by allocating its assets using two principal strategies:
• “Managed Futures” Strategy
The Managed Futures strategy is designed to capture returns related to price movements
throughout the global commodity, currency and financial markets by investing in securities of (1)
limited partnerships, (2) corporations, (3) limited liability companies and (4) other types of pooled
investment vehicles, including commodity pools (collectively, “Underlying Funds”) that invest in such
The Wakefield Fund also invests in swap contracts and structured notes with returns linked to
global commodity, currency and financial markets. These derivative instruments are used as substitutes
for securities, interest rates, currencies and commodities and for hedging.
• “Fixed Income” Strategy
The Fixed Income strategy, considered a “traditional investment” asset class designation, is designed
to produce absolute returns (positive) from interest income and capital appreciation, while preserving
capital and diversifying the returns from the Managed Futures strategy.