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The Fund will seek to achieve
its investment objective of capital appreciation by investing in a diversified
portfolio consisting primarily of equity securities and securities convertible
into equity securities, such as common stocks, warrants, convertible
bonds, debentures or convertible preferred stocks. The Fund may invest
in equity securities of all market capitalization ranges (such as micro,
small, medium or large capitalization companies). Under normal
circumstances, the Fund will invest a substantial portion of its assets
in equity securities of companies across all market capitalizations.
The Fund may invest a portion of its assets in foreign issuers through
the use of depository receipts such as ADRs.
Important
Disclosures, Please Read
Please refer to the prospectus for complete disclosure information,
management fees, expenses and special risk considerations,
and additional investment information. Read the prospectus
carefully before you invest. |
The Fund may
invest in foreign securities through depository receipts
such as ADRs. Foreign investments may involve financial,
economic or political risks not ordinarily associated with
U.S. securities. Foreign companies may not be subject to
the same accounting and financial reporting standards as
are domestic companies. Certain countries do not honor legal
rights available in the U.S. In addition, there is the possibility
of excessive taxation, government seizure of company assets
and other political developments that could affect U.S. investments
in foreign countries. |
The Fund may
also invest in securities of companies that trade in emerging
and developing markets. In addition to the typical risks
that are associated with investing in foreign securities,
companies in developing countries generally do not have lengthy
operating histories. Consequently, these markets may be subject
to more substantial volatility and price fluctuations than
securities traded in more developed markets. |
Although the
Fund may invest across all market capitalizations, the Fund's
risks increase if it invests more heavily in small or medium
market capitalization companies and its share price changes
may become more sudden or erratic. The stocks of small or
medium market capitalization companies may be more volatile
and speculative than the stocks of large market capitalization
companies. Smaller and medium market capitalization
companies tend to have limited resources, product, and market
share and are dependent on a smaller management group than
large market capitalization companies. As a result, their
share prices tend to fluctuate more than those of large market
capitalization companies. Their shares may also trade less
frequently and in limited volume, making them potentially
less liquid. The prices of small market capitalization stocks
may fall regardless of trends in the broader market. |
| Investment
products offered are not FDIC insured, may lose value and
are not bank guaranteed. |
| Securities
distributed through First Dominion Capital Corp., Principal
Underwriter, 8730 Stony Point Pkwy, Suite 205, Richmond,
VA 23235. |
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