The investment seeks long-term capital appreciation. Under normal circumstances, at least 80% of the fund’s net assets will be invested in the securities of U.S. issuers. This policy may be changed without shareholder approval; however, the investors would be notified upon 60 days’ notice in writing of any changes. The Adviser and/or Sub-Adviser rely on their research capabilities, analytical resources and judgment to identify and monitor high quality businesses meeting their investment criteria. It is non-diversified.