Investment Strategy:

The Fund seeks growth of principal by investing in two complementary investment strategies combining equities plus alternative investments in an attempt to add value to the overall risk and return characteristics of the Fund. This Fund is designed to offer similar or lower volatility to the global stock market. The objective is to advance capital during bull markets and preserve capital during bear markets.

For every $1 invested, the fund attempts to provide $1 of investment to a tactical equity rotation strategy and using leverage $0.75 of investment to an alternative strategy of managed futures and equity volatility hedge. See the Portfolio Allocation page for more details.

The Tactical Equity Rotation Strategy's objective is to allocate to global equity markets, economic sectors, and primary investment factors that are performing well while avoiding those that are struggling. This strategy seeks to outperform the global stock market over time and can serve as diversifier or replacement to a single market, strategy or equity portfolio.

The Alternative Strategy includes a Managed Futures portfolio, which can add value through low correlation to the stock market which consists of long or short positions in equity, commodity, currency, and bond futures. The alternative strategy also includes an Equity Volatility Hedge portfolio, which offers a way to hedge against potential downturns in the stock market through volatility index futures.