span style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund is actively managed and seeks to provide enhanced returns across multiple market cycles that are broadly correlated to the U.S. equity markets. The Fund uses a proprietary quantitative investment model (the “Model”) developed by the Fund’s subadviser, Howard Capital Management, Inc. (“Subadviser”), to determine the Fund’s allocation to U.S. equity securities and/or cash and cash equivalents (/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;font-style:italic;"i.e/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"., U.S. money market funds, U.S. government /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"securities and/or similar securities). The Fund will invest in, or have exposure to, U.S. equity securities in order to achieve capital appreciation, or will invest in cash or cash equivalents in order to attempt to preserve capital during market downturns. When the Model indicates a change in market trends, the Fund may be invested in a combination of U.S. equities and cash or cash equivalents. When allocated to U.S. equities, the Fund will seek leveraged exposure of its net assets through investments in derivatives, such as swaps, /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"in order to achieve enhanced returns./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Model utilizes the HCM-BuyLine/spanspan style="color:#000000;font-family:Arial;font-size:6pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;", a tactical proprietary /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"indicator to identify broad trends in the U.S. equity markets, to determine whether to invest in U.S. equity securities or cash and cash equivalents. When the Model indicates that the market trend is down, the Adviser reduces the Fund’s exposure to equities, and, when the Model indicates that the market trend is up, the Adviser increases the Fund’s exposure to equities. The Adviser uses its discretion to determine the percentage of the Fund will be in or out of the market based on the strength of the trend identified /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"by the HCM-BuyLine./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"When the Fund is allocated to U.S. equity securities, it will have approximately the following daily exposures (obtained directly by investing in U.S. equity securities or indirectly /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"through investments in derivatives): /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"●/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"Up to 80% exposure to all of the securities of the Samp;P 500/spanspan style="color:#000000;font-family:Arial;font-size:6pt;position:relative;top:-2.75pt;"®/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;" Index (“Samp;P Allocation”), which measures the performance of 500 large capitalization companies listed on stock exchanges in the U.S.;/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"●/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"Up to 80% exposure to all of the securities of the NASDAQ-100 Index (“NASDAQ Allocation”), which measures the performance of the 100 largest, U.S.-based, non-financial companies listed on the NASDAQ Stock Exchange; and/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"●/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"Up to 40% exposure to the securities of a specific sector or industry (“Sector Allocation”). The Sector Allocation will be in one of the following 13 sectors or industries: industrial sector, communication services sector, consumer discretionary sector, consumer staples sector, energy sector, financial sector, health care sector, real estate sector, technology sector, utilities sector, materials sector, biotechnology industry and semiconductor industry./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Model determines the Sector Allocation based on a proprietary relative strength formula, which evaluates the volatility and momentum of each sector or industry to determine which is experiencing the strongest market trend /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"relative to the other sectors or industries. The sector or industry showing the strongest upward market trend will be selected by the Model as the Sector Allocation. Only one sector or industry is selected by the Model at a time. The Sector Allocation is expected to change in response to shorter-term market conditions, which may result in high portfolio turnover /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"and increased costs./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund will utilize leverage to achieve total exposure of up to 200% of the Fund’s net assets to the Samp;P Allocation, NASDAQ Allocation and the Sector Allocation (together, the “Allocations”). The Subadviser will provide the Adviser with investment signals (“Signals”) pursuant to the Model’s determinations. The Adviser is responsible for investing the Fund’s assets pursuant to the Signals and may rebalance the Fund’s portfolio as frequently as daily so that its exposure to the Allocations is consistent with the Fund’s investment /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"strategy./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund may invest directly in the securities of the Allocations, in addition to utilizing exchange-traded funds (“ETFs”) and swaps that use indices or ETFs as reference assets to provide exposure to the Allocations. Each Allocation is represented by a securities market index. The Fund intends to seek exposure to the Sector Allocations by investing directly in the securities of the index, investing in an ETF that tracks the performance of the index, or obtaining exposure to the index by investing in a swap that uses the index or an ETF that tracks the performance of the index as a reference asset. On a day-to-day basis, the Fund is expected to hold ETFs and money market funds, deposit accounts with institutions with high quality credit ratings, and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The Fund may invest in securities of any market capitalization. /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"in U.S. equities or U.S. Dollar-based cash equivalents./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund will concentrate its investments (/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;font-style:italic;"i.e/spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"., invest 25% /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"or more of its total assets in companies in the same industry or group of industries) to approximately the same extent /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"as the indices representing the Allocations are so concentrated./spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (excluding the value /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"of the collateral received). /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;margin-left:0.00%;"The terms “daily,” “day,” and “trading day” refer to the period from the close of the markets on one trading day to the close of the markets on the next trading day. The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Fund’s investment objective is not a fundamental policy and may be changed /spanspan style="color:#000000;font-family:Arial;font-size:8.645pt;"by the Fund’s Board of Trustees without shareholder approval./span