The Fund's objective is to maximize long-term return by investing in equity and fixed income securities of issuers that operate in or have exposure to the oil and gas industry.

Assisted by the research of Groppe, Long & Littell (GL&L), an oil and natural gas consulting firm based in Houston, who acts as our Special Advisor, we remain very positive on the energy sector and continue to hold the view that global oil production has peaked, thereby supporting strong oil prices over the next several years. GL&L also believes that the significant decline rates experienced by both conventional and unconventional gas wells together with the substantial decrease in drilling activity in North America will cause natural gas prices to rise through the balance of 2011 as constrained supply fails to meet fundamental demand. The Fund will focus on those issuers which have an attractive suite of drilling prospects, are low cost operators, have proven management teams and have the potential to demonstrate growth in production on a per share basis through drilling and acquisition activities.