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student housing operator, with a $2 billion portfolio nationwide. We believe we are in the early innings of an outsourcing trend in which universities constrained by tighter budgets are reaching out to the private sector to develop and operate student housing. We think the company will benefit from the resulting increases in occupancy and rents as well as the build-out of its development pipeline. Focus on sub-industries While we are focused on the fastest growth areas in the economy, we also seek to manage risk by diversifying the portfolio across sectors and sub-industries with uncorrelated drivers of growth. The Fund currently has investments across nine sectors and numerous sub-industries. The following are some examples of sub-industries in which we are finding promising investment opportunities. Biotech/pharma These sub-industries have been a market favorite for some time, which can make it challenging to find stocks with attractive valuations. Investors in this category must also contend with the possibility of binary outcomes, as a biotech or drug company can either see its share price soar if its drug receives FDA approval or plummet if approval is denied. Yet we believe it is worth investing in biotech pharma because of the high growth potential of many of these companies. We think we are able to navigate successfully around the potential pitfalls of bio-pharma investing because of our in-depth understanding of the FDA approval process and the science behind pharmaceutical compounds. Our general focus in this space is on companies with either approved drugs or large pipelines addressing multi-billion dollar clinical market opportunities.

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Keep the weather in mind when thinking about purchasing a solar system. For ample energy production, your panels must have five hours of good sun daily. You should think about other green energy options if your area is cloudy a lot or very snowy in winter.

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