Highlights
Managed Risk Blueprint
An options hedged US equity strategy that seeks to generate returns and limit risk, particularly in uncertain market conditions where stocks and bonds may underperform.
High Income

Designed to be a foundational component of a portfolio’s bond allocation, it attempts to generate yield and total return above investment grade bonds, limit draw-down risk below shorter-dated treasuries and provide low correlation to equities.
Equity Models
Designed for Every Market Cycle
Managed Risk Blueprint
An options hedged US equity strategy that seeks to generate returns and limit risk, particularly in uncertain market conditions where stocks and bonds may underperform.
The strategy may serve as a valuable diversification tool with the potential to enhance a portfolio’s overall risk and return profile. Toews Managed Risk Blueprint incorporates various approaches to generate prospective returns, each tailored to different market cycles:
- Upward-Trending Markets: Potential equity appreciation
- Downward-Trending Markets: Potential Put Option appreciation
- Potential Income from option writing and dynamic bond exposure
Hedged Equity
Designed to reduce volatility and serve as a diversifying sleeve to complement traditionally managed stocks and bonds and enhance the portfolio’s overall risk and return profile.
The strategy dynamically manages exposure between an option hedged global equity allocation and an actively managed bond portfolio. Hedged Equity employs various approaches to generate prospective returns, each tailored to different market cycles:
- Upward-Trending Markets: Potential equity appreciation
- Downward-Trending Markets: Potential Put Option appreciation
- Potential Income from dynamic bond exposure
Defensive Alpha Equity
Seeks to provide long-term growth of capital and limit risk during unfavorable market conditions by investing in an options-hedged portfolio of Domestic Equities.
How Defensive Alpha Equity fits in a portfolio:
- Long-term growth needs component in distribution planning Core equity holding in more conservative portfolios
- Designed to complement long-only equity positions to potentially reduce US Large Cap equity risk.
These Toews’ strategies are designed using our ‘core building blocks’ investment criteria:
Unconstrained Hedged Equity invests in securities that aim to track global indices while maintaining an option hedge during rising markets. In the early stages of market decline, the strategy seeks to exit into fixed-income investments or cash equivalents. When markets begin to rebound, the strategy attempts to return to fully invested equity positions.
Option Hedged Equity invests in securities that seek to track the S&P 500 Index while maintaining a multi-layer option hedge to manage risk and potentially capitalize on falling markets.
Fixed Income Models
Simplified Access to Sophisticated Fixed Income Risk Management
High Income & High Income ETF Focus
Designed to be a foundational component of a portfolio’s bond allocation, it attempts to generate yield and total return above investment grade bonds, limit draw-down risk below shorter-dated treasuries and provide low correlation to equities. The strategy seeks to accomplish this objective through strategic rules-based allocations between High Yield Bonds, Corporate Bonds, Short Term Treasuries, and cash instruments. High Yield Bonds may provide a greater yield than these other bond asset classes, while the latter provides greater price stability. By systematically moving between these asset classes, we attempt to capture a greater yield while maintaining price stability.
How to use High Income:
- Foundational component of a portfolio’s bond allocation and in distribution planning
- Complement core equity to potentially lower overall portfolio risk
Flexibility to manage duration exposure during periods of decreasing bond prices
Moderate Income
DESCRIPTION: The strategy seeks to limit risk and produce above inflation yield
PORTFOLIO POSITIONING: Used as a core bond holding within a portfolio and in distribution planning
Conservative Income
DESCRIPTION: The Strategy seeks to limit risk and produce above inflation yield by attempting to tactically manage exposure to Aggregate, Inflation Protected, Short Term, and High Yield Bond instruments as well as cash/cash equivalents.
PORTFOLIO POSITIONING: Used as a core bond holding or intermediate term liquidity needs.
These Toews strategies are designed using our core building blocks which are specific investment criteria that make up the funds and strategies offered:
Tactical High Yield Bond
Seeks to capture coupons in high yield bond markets while attempting to reduce credit, inflation and interest rate risk through rules-based tactical exits to cash/cash equivalents.
Tactical Aggregate Bond
Seeks to capture coupons in investment grade bond markets while attempting to reduce credit, inflation and interest rate risk through rules-based tactical moves between 5-7 Yr investment grade bonds, 1-3 Yr investment grade bonds and treasury inflation protected securities.
There is no guarantee that Toews will achieve its objectives.
Blended Models
A Streamlined Investing Experience
Hedged Capital Preservation
DESCRIPTION: Attempts to provide a high level of income with limited growth by investing in 20% hedged US equities with defensive positioning into investment grade bonds and a 80% position in tactical high yield bond strategy.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 1 year or less from distribution phase.
Hedged Balanced Income
DESCRIPTION: Attempts to provide a moderate level of income with a moderate level of by investing in 40% hedged US and international equities with defensive positioning into investment grade bonds and a 60% position in tactical high yield bond strategy.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 2 years from distribution phase.
Hedged Balanced
DESCRIPTION: Attempts to provide growth with some income by investing in 60% hedged US and international equities with defensive positioning into investment grade bonds and a 40% position in tactical high yield bond strategy.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 3 years from distribution phase.
Defensive Alpha Balanced
DESCRIPTION: Attempts to provide growth with a limited level of income in a hedged portfolio of 40% bonds and cash equivalents, as well as 60% US hedged equity.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 4 years or more from distribution phase.
Hedged Balanced Growth
DESCRIPTION: Attempts to provide growth with a limited level of income by investing in 75% hedged US and international equities with defensive positioning into investment grade bonds and a 25% position in a tactical high yield bond strategy.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 4 years from distribution phase.
Hedged Growth
DESCRIPTION: Attempts to provide growth with income by investing in 80% hedged US and international equities with defensive positioning into investment grade bonds and a 20% position in tactical high yield bond.
PORTFOLIO POSITIONING: All in one portfolio construct for investors in accumulation phase and 5 years or more from distribution phase.
These Toews’ strategies are designed using our ‘core building blocks’ investment criteria:
Unconstrained Hedged Equity
Invests in securities that aim to track global indices while maintaining an option hedge during rising markets. In the early stages of market decline, the strategy seeks to exit into fixed-income investments or cash equivalents. When markets begin to rebound, the strategy attempts to return to fully invested equity positions.
Tactical High Yield Bond
Is a high conviction high yield bond strategy that seeks to participate in high yield markets while attempting to reduce the risks of inflation and rising interest rates. During the initial phase of a declining market, the strategy seeks to exit from high yield markets into cash and/or cash equivalents to preserve capital and potentially generate above inflation growth.
Tactical Aggregate Bond
Is a high conviction bond strategy that seeks to participate in the growth of investment grade bond markets, TIPS and cash equivalents. During the initial phase of a declining market, the strategy seeks to exit into cash and cash equivalents to preserve capital.
Corporate
NEW YORK
Toews Asset Management
900 Broadway, Suite 801
New York, NY 10003
Tel: 888-483-5553
Email: contactus@toewscorp.com
NEW JERSEY
Toews Asset Management
1750 Zion Road, Suite 201
Northfield, NJ 08225
Tel: 877-863-9726
Email: contactus@toewscorp.com
Talk With Your Regional Consultant
Get straightforward insights and portfolio evaluations to help you confidently manage risk and unlock potential opportunities.
US Sales Reps 2025
XBRL Files • Disclosures • ADV Part 2 • Form CRS • Privacy Policy • GIPS Verification
ETF’s involve risk including possible loss of principal. An investor should consider the ETF’s investment objectives, risks, charges, and expenses carefully before investing. This and other information about the ETF is contained in the prospectus, which can be obtained by calling 888-604-5506. Please read the prospectus carefully before investing. The Toews Funds Agility Shares ETFs are distributed by Northern Lights Distributors LLC, member FINRA/SIPC. Toews Corporation is not affiliated with Northern Lights, LLC.
© 2025 Toews Asset Management
20260112-5112776