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TheHFRXGlobalHedgeFundIndexisdesignedtoberepresentativeoftheoverallcompositionofthehedgefunduniverse.Itiscomprisedofalleligiblehedgefundstrategies;includingbutnotlimitedtoconvertiblearbitrage,distressedsecurities,equityhedge,equitymarketneutral,eventdriven,macro,mergerarbitrage,andrelativevaluearbitrage.Thestrategiesareassetweightedbasedonthedistributionofassetsinthehedgefundindustry.