Investment Objective
The Fund seeks to achieve superior investment returns through an investment in a diversified portfolio composed primarily of common stocks. Current income is incidental to this objective and may not be significant.

Investment Strategy
The investment strategy is based on the premise that fundamental earnings characteristics drives stock prices over longer periods of time. In the advisor's opinion, stocks with attractive earnings profiles purchased at reasonable valuations should produce superior investment returns. In selecting investments for the Fund, the Advisor uses an investment process of selecting individual companies based on their investment attributes rather than focusing initially on sectors or industries to determine investment dicisions.