The fund seeks to provide capital growth by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in domestic equity securities of any market capitalization and U.S. Treasuries through other unaffiliated ETFs (including leveraged ETFs and inverse ETFs).

The team allocates the fund’s net assets equally between two proprietary investment models.

In the first investment model, the team identifies trends in the equity markets.

If the model indicates that the market is doing well as measured by a blend of various technical momentum indicators, the model suggests investments in leveraged ETFs.

The technical momentum indicators used to determine if the market is doing well or poorly include moving average crossovers, oscillators, and price acceleration measurements.

The second investment model utilizes two sub-strategies.

The first sub-strategy identifies trends in the equity markets and suggests investments in a diversified mix of U.S. equity ETFs if the market is doing well and suggests investments in U.S. Treasury ETFs, to help hedge against market risk if the market is doing poorly.

If the model indicates that the fund should be in the market because the market is doing well, the second sub-strategy analyzes the nine sectors of the S&P 500 to determine the sectors with the greatest momentum and lowest volatility.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund does not invest more than 15% of its net assets in leveraged and inverse ETFs.

The fund seeks capital appreciation by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The fund is a fund of funds.

Next, the research team invests in other unaffiliated ETFs primarily in domestic and foreign (including emerging markets) growth-oriented equity securities of any market capitalization and U.S. Treasuries or other cash equivalents.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund typically holds 6-7 ETFs in its portfolio.

The fund is generally 100% invested in growth-oriented equity ETFs when the investment models indicate a bullish trend for the equity market.

However, the fund is generally 50% invested in growth-oriented equity ETFs and 50% invested in U.S. Treasuries and/or U.S. short-term bonds to hedge risk when the models indicate a bearish trend for the equity markets.

The fund seeks total return in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in foreign and domestic growth-oriented equity securities of any market capitalization, domestic investment grade fixed income securities of any maturity or duration, domestic real estate investment trusts, and commodities securities through unaffiliated ETFs.

The team employs its proprietary investment model to rank 5 major asset classes (U.S. stocks, foreign stocks of developed countries, real estate, gold, and U.S. aggregate bonds) based on the strongest price momentum.

The three highest-ranked asset classes are allocated to the portfolio with equal weightings, while the two lowest ranked asset classes are left out of the portfolio.

In addition, if an asset class is not displaying positive momentum, it is not included in the portfolio even it is one of the three highest ranked asset classes.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

However, when few (2 or fewer) or none of the asset classes meet the model’s price momentum criteria, the fund may invest heavily in U.S. Treasuries and U.S. short-term bonds until more asset classes become favorable for investing.

The fund seeks to provide income by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests significantly in ETFs in foreign and domestic fixed income securities.

The fixed income securities in which the ETFs invest are U.S. Treasuries, investment grade U.S. bonds, high-yield U.S. bonds, U.S. aggregate bond, municipal bonds and international government bonds of any maturity and duration.

The team utilizes its proprietary investment model to rank 5 major fixed income asset classes based on the strongest combination of yield spread and price momentum.

The three highest-ranked asset classes are allocated to the portfolio, while the two lowest ranked asset classes are left out of the portfolio.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.