Harvest

Franchise Fund

Fund Investment Objectives

Harvest Franchise Fund (HFF) is a concentrated, long-biased portfolio of high quality franchises selling at historically low valuations with significant appreciation potential over 2+ years. The strategy launched in January 2012 with Jeff Osher as the portfolio manager. HFF will leverage the existing investment team, process and universe as HSCP to exploit valuation inefficiencies in small and mid cap stocks that require a longer time horizon for revaluation.