The fund seeks to provide long-term capital appreciation by investing in a portfolio of equities listed on North American exchanges selected by some of the worlds most renowned investment managers, as reported through their public filings. These managers are among the most respected in the industry and have exhibited outstanding historical performance records. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income. Portfolio holdings are reconstituted and rebalanced on a quarterly basis.