The investment seeks long-term growth of capital.
The fund invests primarily in the equity securities of U.S. companies that the Adviser believes are undervalued. It may invest in companies of any size and in any industry. The fund may enter into derivatives transactions. It may use options strategies involving the purchase and/or writing of various combinations of call and/or put options. The fund may, at times, invest in shares of ETFs in lieu of making direct investments in equity securities.