Kalo focuses on emerging growth stocks characterized by large open-ended growth opportunities, disruptive technologies, disruptive business models, or changing industry dynamics. In addition, Kalo will opportunistically trade these and/or other stocks that it believes are temporarily undervalued or overvalued. This trading overlay is intended to create additional alpha performance and help smooth returns. Kalo also looks to hedge long positions with index and company-specific short exposed positions to create additional alpha, smooth returns and limit drawdowns. This risk control enables the Fund to take advantage of market contractions.