The fund-of-funds offers diversified exposure to the global equity market while employing a dynamic option writing strategy. It directly or indirectly invests in exchange-traded funds that provide exposure to domestic and foreign stocks of any size or style. The fund manager employs a leveraged strategy and seeks to maintain a long-term strategic asset allocation of approximately 125% in equity securities through cash borrowing. The portfolio asset mix may also be reconstituted and rebalanced from time to time. To mitigate downside risk and generate premiums, the fund manager, at its discretion, will write options on up to approximately 50% of the portfolio. Note that the fund will not hedge the foreign currency of its investments back to the Canadian dollar. Moreover, it may hold cash and cash equivalents or other money market instruments to meet its objective.