Strategy: Long-term capital appreciation through investments in companies engaged in the production, exploration, discovery or distribution of energy, including the research and development of alternative energy sources.

Lead Manager: Tim Guinness
Co-Manager: Edmund Harriss

Rising energy costs have signaled the end of cheap oil. Yet global energy consumption continues to surge. And though the alternative energy revolution is underway, mainstream energy (oil, natural gas, coal, and other fossil fuels) will more than likely remain an important energy source for years—if not decades—to come.

The Global Energy Fund gives you an opportunity to potentially capitalize on the growing global demand for energy, and more specifically, energy demand in relation to the world's diminishing supply of hydrocarbon reserves. Under normal market conditions the Fund will invest in approximately 20 to 35 stocks.

- The Fund invests in energy companies worldwide without regard to market capitalization, and in companies domiciled in the U.S. and foreign countries, including, potentially, companies domiciled or traded in emerging markets.

- Energy includes oil, natural gas, coal, nuclear, utilities, and alternative energy. Activities include exploration, discovery, production, and distribution.

The Fund invests in foreign securities which will involve political, economic and currency risks, greater volatility, and differences in accounting methods. The Fund is non-diversified meaning its assets may be concentrated in fewer individual holdings than diversified funds. Therefore, the Fund is more exposed to individual stock volatility than diversified funds. The Fund also invests in smaller companies, which will involve additional risks such as limited liquidity and greater volatility.

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