Oberon's investment objective is long-term growth of capital. In pursuing this objective, Oberon focuses principally on common stocks that it believes are undervalued at the time of purchase and have the potential for growth.

Guiding principles of Oberon are the consideration of common stocks as units of ownership of an enterprise and the purchase of common stocks when the price appears low in relation to the value of the total enterprise.

While Oberon normally invests in U.S. companies, it may invest in foreign companies. From time to time Oberon also invests in senior securities such as bonds and preferred stocks when it believes they are undervalued.