ACEP

ACEP invests in those companies ARS deems high-quality, with strongbalance sheets and reasonable earnings growth. These companies have attractivedividend yields with the prospect for dividend growth. The fund intends to be well-diversified across sectors. The fund's methodology also considers those companies and sectors thatalign with the ARSmacro-outlook, while de-emphasizing or avoiding those that the firm believesare facing the greatest headwinds. ARS views its active sector selection process asbeing critical for balancing current income generation with the goal of increasing purchasing power over time.