_{Our Investment Strategy}

The objective of SMHIC is to maximize the long-term total rate of return within defined risk and diversification limits. The club employs a “bottom-up” investment philosophy, identifying undervalued equity securities through the fundamental analysis of specific companies. The investment horizon of the club is long-term. The target asset allocation for the portfolio is to be fully invested in equity securities with a long-term view to meet our yearly target. The primary benchmark for the Fund is the S&P500. The club does not employ margin, futures contract or short-selling strategies, and does not invest in restricted securities such as penny stocks , SPAcs or in foreign securities other than ADRs.