| Investment Objective: |
The Fund s investment objective is to seek long-term capital appreciation and preservation of capital. The Fund s investment advisor, Day Hagan Asset Management, LLC (the Advisor ), actively manages the Fund s portfolio using proprietary investment models co-developed with Ned Davis Research ( NDR ). The Fund is considered a fund of funds that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds ( ETFs ) that track the performance of the individual sectors ( Sectors ) of the S&P 500 Index ( Index ). The Fund will attempt to enhance returns relative to the Index by overweighting and underweighting its exposure to the Sectors relative to the Index and may reduce its overall exposure to ETFs as determined by its risk management model. The Fund utilizes the NDR U.S. Sector Model to determine its allocation to each Sector. The model combines price-based, economic, fundamental and behavioral indicators to form a composite for each Sector. By combining multiple indicators, which historically have been shown to add value in Sector allocation decisions, the model seeks to objectively assess the weight of the evidence and generate sector allocation recommendations. |
