STEFX : Stralem Equity Fund

Fund Summary

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of companies with a market capitalization of $4 billion or greater. The adviser selects securities of S&P 500® Index companies using a structural framework that forms the foundation of the adviser's investment philosophy. This framework generally consists of investing in stocks in what the adviser considers as two categories: "Up Market" Companies and "Down Market" Companies.