The Fund's objective is to achieve and preserve consistent above average absolute (not relative) returns in the Japanese equity market independent of overall market volatility. Using a top-down approach to market directional trading as well as a bottom-up stock picking approach, the Fund invests and actively trade in a portfolio of stocks, long and short. The Fund seeks to actively manage market directional risk while limiting foreign exchange risk. Minimum Investment is $100,000 for individuals and $1,000,000 for institutions. JPY Class E also available.