The Fund seeks to achieve capital appreciation. The Fund invests principally in Shariah-compliant equity and equity-related securities including common stocks of companies located anywhere in the world, including Emerging Markets. Shariah compliant equity securities generally entitle the holder to participate in a company’s general operating results. The Fund also invests in American, European and Global Depository Receipts. These are certificates issued typically by a bank or a trust company that give their holders the right to receive securities issued by a foreign or domestic company. Depositary Receipts do not eliminate currency and economic risks for underlying shares of a company operating in another country. Depending upon current market conditions, the Fund may also invest up to 25% of its net assets in Shariah-compliant fixed-income securities of companies and governments located anywhere in the world or short term instruments. These include Sukuk, any other Shariah-compliant fixed-income securities and Murabaha placements. In choosing equity and equity-related investments, the Investment Manager focuses on the market price of a company’s securities relative to its evaluation of the company’s long-term earnings, asset value and cash flow potential, as well as on other measures that the Investment Manager deems appropriate to determine a company’s value.