The investment seeks to maximize current income consistent with stability of principal. The fund’s advisor seeks to achieve maximum current income while remaining market neutral by achieving a low correlation to the fluctuations of the U.S. stock market. The fund invests in equity, convertible and synthetic convertible securities of companies with a dollar-weighted average maturity of any duration. The fund generally invests in securities that have been privately placed but are eligible for purchase and sale by certain qualified institutional buyers.