Fund Description

The fund was incepted in October 2001 and is managed by Gartmore Mutual Fund Capital Trust. The fund seeks long-term capital appreciation with a total return greater than the Standard & Poor's ('S&P') 500 Index. Under normal conditions, the fund invests at least 80% of its net assets in long and short positions in equity securities of publicly traded companies in the United States. The fund's investment process combines positions in S&P 500 Index instruments, primarily index swaps with a generally 'market-neutral' exposure in individual long and short positions in equity securities. The fund distributes dividends quarterly. Capital gains, if any, are distributed annually.