Our investment approach seeks to outperform the S&P 500 Index on a relative basis, while maintaining a risk profile similar to the benchmark index. Our investment management process is “hands-on” and management intensive. We emphasize bottom-up stock selection, establishing and maintaining sell targets for each holding, and continuously review valuation targets. Our approach incorporates a Call Option Overwriting program designed to objectively implement valuation sell targets and to generate additional portfolio cash flow. Our returns are principally determined by stock selection and the resulting industry and sector allocations, and potentially by our option overwriting program.