To achieve its investment objectives, the Fund Manager shall take positions in listed North American securities and related options. The Alpha Fund may also transact in exchanged traded funds (“ETFs”). The Alpha Fund’s portfolio shall be actively managed utilizing fundamental, technical, and quantitative approaches in screening high quality stocks which may have potential for long-term capital appreciation and potentially above-market future earnings growth rates. The Alpha Fund may take core positions in North American securities and will implement an active written options overlay in related securities to generate premiums, efficiently enter and exit positions, and manage risk.