The Fund seeks capital appreciation on a low risk global portfolio and is offered in a choice of U.S. dollars or euro.  The Fund invests principally in a focused portfolio of selected global equities believed to offer superior relative value and employs stockmarket hedging to reduce risk of loss.

The Fund offers US$ Standard Class shares and US$ Fixed Fee Class shares in U.S. dollars and Euro Standard Class shares and Euro Fixed Fee Class shares in euro.

The Fund is designed for investors seeking capital appreciation on a low risk global investment portfolio.  The Fund's returns are intended to be largely independent of the returns of major asset classes such as cash, equities and bonds.