Tarkio Fund

The fund's primary goal is to achieve significant long-term capital appreciation. Under typical market conditions, it predominantly invests in common stocks of U.S. companies—ranging from small to large market capitalizations—that are identified for their potential for extended growth. To a much lesser degree, the portfolio may also include fixed-income instruments, such as high-yield speculative debt often termed "junk bonds," and securities from international issuers, including those in developing economies. These secondary investments are selected using the same fundamental research principles, focusing on both quality and valuation. This fund operates as a non-diversified investment.