The Fund’s investment objective is to seek to earn long-term risk-adjusted returns that are attractive as compared to those of traditional public equity and fixed income markets. The Fund intends to pursue its investment objective through investments in hedge funds that employ primarily equity investment strategies. For purchase by accredited investors only.

Team Bios

Prospectus

Statement of Additional Information

Semi-Annual Report

Fact Card

Documents for Tender Offer on June 30, 2012

All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the fund. All investors are urged to read the prospectus carefully before investing.

This page is not an offer to sell or a solicitation of an offer to buy the Fund’s securities. An investment in the Fund is appropriate only for accredited investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund’s investments in hedge funds are subject to substantial risks, including loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity and volatility of returns. In addition, hedge funds are generally subject to less regulation and higher fees than mutual funds, which may offset the Fund’s profits.