Fund Description

The fund invests at least 80% of net assets in equity securities of Electronics Companies traded in the United States and in derivatives, primarily futures contracts and options on securities, futures contracts, and stock indices. The advisor uses proprietary quantitative and qualitative screens based on price, liquidity, and tradability, then weights holdings using a modified capitalization approach and may adjust the portfolio for regulatory limits or as deemed appropriate. It may invest significantly in small- and mid-cap Electronics Companies, use ADRs for foreign exposure, and hold U.S. government securities. Derivatives can create financial leverage, increasing volatility and potential losses exceeding amounts invested. The fund is non-diversified.