Mutual Fund Investment Strategy
The fund seeks to enhance capital appreciation with a focused portfolio of growth companies. The Fund’s current strategy is to primarily invest in securities that comprise the Mid to Large Cap range.
The Mutual Fund's management investment philosophy is a blending of belief systems. The first is that the best investments are the common stocks of companies that have a history of providing strong earnings growth to investors. Through rigorous qualitative and analytic research, the sub-adviser identifies companies it believes can deliver strong growth results that are significantly better than expected.
The second belief is that profitable investments should occur when stock markets, the industry groupings, and the particular stock all have technical factors that conspire toward higher stock prices. In the absence of positive technical factors, defensive tactics are used. The sub-adviser may seek to reduce exposure by raising cash, and/or purchasing index puts.
The third belief is that thematic concentration in both industry sectors and companies is necessary to provide long-term outperformance.
Mutual fund investing involves risk. Principal loss is possible. The Fund’s investment parameters are diverse and as such may be subject to different forms of investment risk discussed herein. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund invests in smaller companies, additional risks such as limited liquidity and greater volatility. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified which involve fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Fund may use derivatives such as options to increase its exposure to certain securities. These techniques will result in greater volatility for the Fund, particularly in periods of market declines.