The investment objective of the Argos Argonaut Fund is to produce substantial capital growth, by investing in misvalued situations. The Fund focuses on poorly followed smaller companies and situations that have been ignored by mainstream investors. The Fund is alternative by nature but traditional by structure. It is not tied by country, index or sector weightings and invests opportunistically as situations arise. Prior to April 2013, AUM reported per share class. As of April 2013, AUM is reported aggregate across share classes.