The fund seeks capital growth and appreciation by investing in companies across any size in the United States.

The investment process is designed to highlight companies in the benchmark index that are engaged within the energy sector, which includes all aspects of the energy industry, such as exploration, discovery, production, distribution or infrastructure of energy and/or alternative energy sources.

Next, the research team combines top-down and bottom-up analysis to identify potential investment opportunities.

The top-down process involves market analysis of the energy industry and geopolitical issues and identifying trends and sectors.

The research-oriented, bottom-up investment approach focuses on company fundamentals and growth prospects.

Then the team prefers companies operated with proven management teams and can generate above average capital growth and appreciation.

Then the manager constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio typically holds a limited number of stocks, generally 30 to 50.

Also, the fund invests in a blend of value and growth companies and has the flexibility to invest up to 100% of its net assets in securities of foreign issuers.

The fund also may invest in companies that are not within the energy sector that are engaged in the development of products and services to enhance energy efficiency for the users of those products and services.

The fund is non-diversified, meaning that it may invest a significant portion of its net assets in a limited number of issuers.

The fund may have indirect exposure to various foreign markets through investments in companies domiciled or traded or doing business in emerging markets.

The fund seeks capital growth and appreciation by investing in companies across any size in the United States.

The investment process is designed to highlight companies in the benchmark index that are engaged within the energy sector, which includes all aspects of the energy industry, such as exploration, discovery, production, distribution or infrastructure of energy and/or alternative energy sources.

Next, the research team combines top-down and bottom-up analysis to identify potential investment opportunities.

The top-down process involves market analysis of the energy industry and geopolitical issues and identifying trends and sectors.

The research-oriented, bottom-up More