Wellington Shields All-Cap Fund Institutional Shares (WSACX)

Overview

The fund described focuses on investment in equity securities, covering a broad spectrum of market capitalizations to diversify its investment portfolio. With a strategy of investing at least 80% of its total assets in equity securities under normal market conditions, the fund aims to capitalize on the growth potential of equities. It demonstrates flexibility in its investment approach by allocating up to 20% of its net assets to derivative instruments and short positions, which may be employed to hedge against market volatility or to take advantage of investment opportunities that involve a degree of leverage or speculation. This strategic blend of investment in both primary securities and derivative instruments aligns with the fund's objectives to manage risk and pursue growth.

Products and Services

• Equity Securities Investment

  The core of the fund's investment strategy focuses on equity securities, which encompasses stocks across various market capitalizations. This includes large-cap, mid-cap, and small-cap stocks, allowing the fund to tap into the growth potential of a wide array of companies. By investing primarily in equity securities, the fund positions itself to benefit from the capital appreciation of these assets over time.

• Derivative Instruments

  Up to 20% of the fund's net assets can be allocated to derivative instruments. Derivatives are financial contracts whose value is derived from underlying assets, indices, or financial indicators. This segment of the fund's portfolio may include options, futures, swaps, and other financial contracts that enable the fund to hedge its investments, manage risk, or speculate on future price movements of underlying assets. The strategic use of derivatives can enhance the fund's flexibility in responding to market conditions and achieving its investment goals.

• Short Positions

  The fund has the capability to hold short positions, which involves selling securities not currently owned with the intention of purchasing them back at a lower price in the future. This strategy can be used to profit from anticipated declines in security prices or as a hedging mechanism against potential downturns in the market. By incorporating short positions into its investment strategy, the fund can potentially offset losses in other parts of its portfolio, thereby adding an additional layer of risk management.