The fund seeks capital appreciation by investing in small-to-mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in leisure and entertainment businesses, as well as are engaged in the design, production, or distribution of goods or services in the leisure industries.

The investment team considers hotels and resorts, restaurants, casinos, radio and television broadcasting and advertising companies, motion picture production companies, entertainment software companies, toys and sporting goods manufacturers, musical recording companies, alcohol and tobacco companies, and publishing companies as leisure companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Leisure Companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-to-mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in leisure and entertainment businesses, as well as are engaged in the design, production, or distribution of goods or services in the leisure industries.

The investment team considers hotels and resorts, restaurants, casinos, radio and television broadcasting and advertising companies, motion picture production companies, entertainment software companies, toys and sporting goods manufacturers, musical recording companies, alcohol and tobacco companies, and publishing companies as leisure companies.

Then the research More