Description

The fund seeks to provide consistent long-term capital appreciation and reduce risk by tactically hedging the duration of the portfolio through its portfolio of real-estate-focused equity securities listed on major North American exchanges. Its proprietary methodology utilizes fundamental analysis in security selection and may, at times, include technical analysis to consider macroeconomic factors and trends in addition to company-specific growth, equity and value factors. PHI may hedge its portfolios interest rate exposure in order to reduce the portfolios sensitivity to rising interest rates. Moreover, the fund may use derivatives in order to further meet its investment objectives, and also engage in short selling or other securities lending transactions to generate additional income.