Industry description
The investment seeks long-term capital appreciation.
In pursuing its investment objective of long-term capital appreciation, the fund invests in equity securities and exchange-traded funds that primarily invest in equity securities (“ETFs”), equity futures, equity swaps, and equity options. During periods of market volatility, the fund may assume a temporary defensive position by investing up to 70% of its assets in cash or cash equivalents such as money market funds and U.S. Treasury Securities. It is non-diversified.