Strategy family — Explicit trend following
Derived under ECS · rule ECS-SF-R01 · evidence EVD-KMLM-SF-001 · knowledge state: derived under ECS.
The verified prospectus explicitly identifies the underlying KFA MLM Index methodology as trend following across commodities, currencies, and global fixed income; ECS-SF-R01 maps that disclosure to the controlled result.
Limit: the classification is structural and makes no performance claim.
Related: structural fingerprint · source: statutory prospectus.
Market breadth — Multi-asset
Derived under ECS · rule ECS-MB-R02 · evidence EVD-KMLM-MB-001 · knowledge state: derived under ECS.
The disclosed eligible futures universe names three governed asset families — commodities, currencies, and global fixed income — satisfying the multi-asset threshold of ECS-MB-R02.
Limit: market breadth reflects the disclosed eligible universe, not a point-in-time holdings inference.
Related: KMLM / DBMF structural comparison.
Implementation route — Direct futures with commodity subsidiary
Derived under ECS · rule ECS-IR-R03 · evidence EVD-KMLM-IR-001, EVD-KMLM-IR-002 · knowledge state: derived under ECS.
The prospectus discloses futures implementation and a wholly owned Cayman subsidiary for commodity futures exposure; the Statement of Additional Information corroborates the subsidiary structure and its commodity and financial derivatives mandate. The two records jointly establish the route.
Limit: this result describes the disclosed route and not every permitted derivative.
Related: implementation route · corroborating source: Statement of Additional Information.
Directional flexibility — Long / short
Derived under ECS · rule ECS-DF-R01 · evidence EVD-KMLM-DF-001 · knowledge state: derived under ECS.
The index description states that trading signals establish long or short positions in eligible futures markets, satisfying ECS-DF-R01.
Limit: directional flexibility describes what is permitted, not current positioning.
Signal horizon — Not determinable from reviewed sources
Explicit unknown · rule ECS-SH-R00 · evidence EVD-KMLM-SH-001 · knowledge state: not disclosed.
The reviewed disclosure states daily signal evaluation and monthly rebalancing but does not disclose a signal lookback horizon; those frequencies are not treated as the horizon. ECS-SH-R00 preserves the distinction as a bounded non-disclosure finding — not a claim that no horizon exists.
Limit: no standalone official KFA MLM Index methodology document was located during this admission; the question re-opens if one is admitted.
Related: signal horizon · open methodology gaps.