Closed-End Mutual Fund Specialists

Basic Investment Strategies

Schultz Investment Advisors employs a variety of basic investment strategies to develop an individually managed account customized to each investor’s time horizon, lifestyle and investment objectives. Within each strategy, SIA has the flexibility to accommodate specified investor requirements.

Strategy	INVESTMENTS	SEEKS TO Provide	Investment Objectives
Tax-free Bond	Tax-free, closed-end bond funds	Monthly or quarterly tax-free income	Tax-free cash flow, plus capital appreciation and total return
Taxable bond	Leveraged and unleveraged closed-end bond funds and REITS	Monthly or quarterly taxable income	Taxable cash flow, capital appreciation and total return
Growth	Primarily, closed-end equity funds and REITS	Growth with no cash flow	Capital appreciation and total return
Foreign	Primarily, foreign stock and debt closed-end funds	Concentrated exposure to foreign stock markets	Capital appreciation and total return
World Growth	Domestic and foreign closed-end funds	Some exposure to foreign stock markets	Capital appreciation and total return
Asset allocation	Blend of strategies, balanced to meet individual objectives	Current cash flow and capital appreciation	Total return
Hybrid	Asset Allocation Strategy, with accommodation for individual equities	Current cash flow, plus capital appreciation	Total return