| Investment Objective: |
The Fund seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline.The Fund utilizes a fund of funds structure to invest in sector based equity exchange traded funds ( ETFs ). The Fund seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the Fund s portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The Fund will sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued. The Adviser will actively manage the Fund. From time to time, the Fund s investment may be focused in a sector or sectors. The Fund may invest in securities of any market capitalization or country and denominated in any currency. The Fund is an actively managed ETF and does not seek to replicate the performance of a specified index. In selecting investments for the Fund s portfolio, the Adviser adheres to the investment process described below. |
