The investment seeks long-term capital appreciation.
The fund invests primarily in common stocks of companies that the investment adviser believes have the opportunity for capital appreciation. The adviser will primarily invest in common stocks of U.S. companies, but may also purchase sponsored American Depositary Receipts ("ADRs"). The adviser may also invest in ETFs to help capture the overall market or be invested in certain sectors where the adviser feels there are opportunities for capital appreciation. The fund is non-diversified.
The investment seeks to generate long-term returns in excess of the total return of the Russell 3000® Index, with less volatility than the index.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by primarily investing in the broad U.S. equity market, as represented by the Russell 3000® Index. The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The index measures the performance of approximately 98% of the total market capitalization of the publicly traded U.S. equity market.
The investment seeks to replicate, net of expenses, the CBOE S&P 500 BuyWrite Index.
The index is designed to measure the total rate of return of a hypothetical “buy-write”, or “covered call”, strategy on the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500 Index and the sale of a succession of one-month, at- or slightly out-of-the-money
S&P 500 Index call options that are listed on the Chicago Board Options Exchange.