Long/Short Selection - US Strat Class I USD is a multi-manager open-ended fund. The Fund is invested with a selection of independent money managers with whom Notz, Stucki has built a long-term relationship. The managers invest mainly in the US equity market but each of them apply a different investment methodology. All of them always carry short positions as they seek to achieve an absolute positive performance. The investment objective of the Fund is to achieve a performance in line with the S&P 500 index in a rising market, to outperform in a trendless market and to protect the capital in down markets. Under normal market conditions, it is expected that the Fund's net exposure will be between 40% and 60% while its gross exposure should not exceed 120%.