The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index that are engaged in the banking sector, including commercial banks and savings and loan institutions.

Next, the research team employs a proprietary quantitative screen to evaluate companies on the basis of price, liquidity, and tradability.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Banking Companies and U.S. government securities.

Additionally, the fund may not invest more than 5% of its net assets in the securities of any company that derives more than 15% of its revenues from brokerage or investment management activities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index that are engaged in the mining, manufacture, or sale of basic materials, such as lumber, steel, iron, aluminum, concrete, chemicals and other basic building and manufacturing materials.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign basic materials companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-and-mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the biotechnology industry.

The process also includes companies involved in research and development, genetic or other biological engineering, and in the design, manufacture, or sale of related biotechnology products or services.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign biotechnology companies and U.S. government securities.

The fund is non-diversified and may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks capital appreciation by investing in small-to-mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in manufacturing finished goods and services both domestically and internationally.

The investment team considers companies that manufacture wholesale or retail food, staple retail products and non-durable goods such as beverages, tobacco, household and personal care products as consumer products companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Consumer Products Companies and U.S. government securities.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the daily performance of the benchmark index 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 securities of companies in the underlying index and derivatives instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in companies in the United States.

The investment strategy is designed to invest in substantially all of the securities in the underlying index and derivative instruments.

The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer. To the extent the fund’s underlying index is concentrated in a particular industry the fund will necessarily be concentrated in that industry.

The fund may invest a portion of its assets, and at times, a substantial portion of its assets, in other short-term fixed income investment companies for liquidity management purposes or when such investment companies present a more cost-effective investment option than direct investments in the underlying securities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the electronics sector, including semiconductor manufacturers and distributors, and makers and vendors of other electronic components and devices.

The investment team considers electronics companies to include companies involved in the manufacture and development of semiconductors, connectors, printed circuit boards, equipment vendors to electronic component manufacturers, electronic component distributors, electronic instruments and electronic systems vendors, and also include companies involved in all aspects of the electronics business and in new technologies or specialty areas.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign electronics companies and U.S. government securities.
 

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the energy field, including the exploration, production, and development of oil, gas, coal and alternative sources of energy.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign energy companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the energy services field, including those that provide services and equipment in the areas of oil, coal, and gas exploration and production.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign energy services companies and U.S. government securities.

The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in the health care industry.

The investment team considers pharmaceutical companies, companies involved in the research and development of pharmaceutical products and services, companies involved in the operation of health care facilities as related to health care companies.

The team also considers companies involved in the design, manufacture, or sale of health care related products or services as related to health care companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign health care companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that provide products or services designed for or related to the Internet.

The investment team considers Internet companies to be involved in all aspects of research, design development, manufacturing or distribution of products or services for use with the Internet or Internet related businesses.

Additionally, the team believes such companies may provide information or entertainment services over the Internet, sell or distribute goods and services over the Internet, provide infrastructure systems or otherwise provide hardware, software or support that impacts Internet commerce; or provide Internet access to consumers and businesses.

Internet companies also may include companies that provide Intranet and Extranet services.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Internet companies and U.S. government securities.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the benchmark index on a daily basis 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 seeks to engage in short sales of securities in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, securities indices, and futures contracts.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, the inverse of the daily performance of the benchmark index 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 seeks to engage in short sales of securities in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies in the underlying index.

Additionally, the fund may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the benchmark index on a daily basis 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 seeks to engage in short sales of securities generally included in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, securities indices, and futures contracts.

The team also may invest in American Depositary Receipts to gain inverse exposure to international companies included in the underlying index.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the daily performance of the benchmark index 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 seeks to engage in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

The team also may invest in American Depositary Receipts to gain inverse exposure to international companies included in the underlying index.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the benchmark index on a daily basis 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 seeks to engage in short sales of securities generally included in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, securities indices, and futures contracts.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, the inverse of the daily performance of the benchmark index 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 seeks to engage in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the benchmark index on a daily basis 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 seeks to engage in short sales of securities generally included in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, securities indices, and futures contracts.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, the inverse of the daily performance of the benchmark index 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 seeks to engage in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

The fund seeks capital appreciation by investing in small-to-mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in leisure and entertainment businesses, as well as are engaged in the design, production, or distribution of goods or services in the leisure industries.

The investment team considers hotels and resorts, restaurants, casinos, radio and television broadcasting and advertising companies, motion picture production companies, entertainment software companies, toys and sporting goods manufacturers, musical recording companies, alcohol and tobacco companies, and publishing companies as leisure companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Leisure Companies and U.S. government securities.

The fund seeks to provide investment results that correlate, before fees and expenses, to the performance of the benchmark index on a daily basis 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 securities of companies in the underlying index and derivatives instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

The team attempts to consistently apply leverage to increase the fund’s exposure to 150% of the underlying index.

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 may invest a portion of its assets, and at times, a substantial portion of its assets, in other short-term fixed income investment companies.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the monthly performance of the benchmark index 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

The team also may invest in American Depositary Receipts to gain exposure to international companies included in the fund's benchmark.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

The fund seeks to provide investment results that match, before fees and expenses, 200% of the daily performance of the benchmark index 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

The team also may invest in American Depositary Receipts to gain exposure to international companies included in the underlying index.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies included in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in large-size companies in the United States.

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

The fund will concentrate its investments in a particular industry to approximate the concentration in the index.

The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer.

The fund seeks to provide investment returns that match, before fees and expenses, 150% of the daily performance of the benchmark index 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 the common stock of companies included in the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks capital appreciation by investing in small-and mid-size 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 in U.S. and foreign companies that are involved in the precious metals sector, including exploration, mining, production and development, and other precious metals related services (Precious Metals Companies).

Precious metals include gold, silver, platinum and other precious metals.

Precious Metals Companies include precious metal manufacturers, distributors of precious metal products, such as jewelry, metal foil or bullion, mining and geological exploration companies, and companies that provide services to Precious Metals Companies. 

Next, the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign n precious metals companies and U.S. government securities.

Additionally, the fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the real estate industry, including real estate investment trusts.

According to the investment team, real estate companies are primarily engaged in the ownership, construction, management, financing or sale of residential, commercial or industrial real estate.

Real estate companies also may include companies whose products and services are related to the real estate industry, such as building supply manufacturers, mortgage lenders, or mortgage servicing companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign real estate companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-to-mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in merchandising finished goods and services, including department stores, mail order operations and other companies involved in selling products to consumers.

The investment team considers drug and department stores; suppliers of goods and services for homes, home improvements and yards; clothing, jewelry, electronics and computer retailers; warehouse membership clubs; mail order operations; and companies involved in alternative selling methods as retailing companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign Retailing Companies and U.S. government securities.

The fund seeks to provide investment returns that correlate, before fees and expenses, to the performance of the benchmark index on a daily basis 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

The team attempts to consistently apply leverage to increase the fund’s exposure to 150% of the underlying index.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies included in the fund's benchmark.

The fund may invest a substantial portion of its net assets, in other short-term fixed income investment companies.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to provide investment returns that match, before fees and expenses, 200% of the daily performance of the benchmark index 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in small-size 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 securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.

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 is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to provide investment results that match, before fees and expenses, 200% of the daily performance of the benchmark index 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices.

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 will invest a significant portion of its net assets in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in large-size companies in the United States.

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

Next, the research team uses quantitative research to highlight securities exhibiting strong growth or value characteristics.

The research team prefers companies based on growth factors such as sales growth and earnings change, and value factors that include valuation multiples on the basis of book value, sales and earnings.

The fund will concentrate its investments in a particular industry to approximately the same extent the index is so concentrated.

The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer.

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in large-size companies in the United States.

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

Next, the research team uses quantitative research to highlight securities exhibiting strong growth or value characteristics.

The research team prefers companies based on growth factors such as sales growth, earnings change, and momentum and value factors that include valuation multiples on the basis of book value, earnings and sales.

The fund will concentrate its investments in a particular industry to approximately the same extent the index is so concentrated.

The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer.

The fund seeks to replicate total return performance of the benchmark index, before fees and expenses, 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 securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.

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 is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to provide investment results that match, before fees and expenses, the performance of the Index 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 the common stock of companies included in the underlying index and derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices.

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.

Also, the fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to replicate total return performance of the benchmark index, before fees and expenses, 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 securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.

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 is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks to replicate total return performance of the benchmark index, before fees and expenses, 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 securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.

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 is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
 

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are involved in the technology sector, including computer software and service companies, semiconductor manufacturers, networking and telecommunications equipment manufacturers, PC hardware and peripherals companies.

The investment team considers technology companies are companies that have, or will develop, products, processes, or services that will provide technological advances and improvements

According to the team, these companies may include companies that develop, produce or distribute products or services in the computer, semiconductor, electronics and communications sectors.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign technology companies and U.S. government securities.
 

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies engaged in the development, manufacture, or sale of communications services or communications equipment.

According to the investment team, telecommunications companies include traditional and wireless telephone services or equipment providers, Internet equipment and service providers, and fiber-optics.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign telecommunications companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to highlight companies that are engaged in the design, manufacture, distribution, or sale of transportation equipment.

The investment team considers companies involved in the movement of freight or people, such as airline, railroad, ship, truck and bus companies; equipment manufacturers; parts suppliers as related to transportation companies.

Companies involved in leasing, maintenance, and transportation-related services are also considered by the team as part of transportation companies.

Then the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign transportation companies and U.S. government securities.

The fund seeks capital appreciation by investing in small-and mid-size companies in the United States.

The investment process is designed to invest in the securities of utilities companies.

According to the investment team, utilities companies include companies involved in the manufacturing, production, generation, transmission, distribution or sales of gas or electric energy; water supply, waste and sewage disposal; and companies that receive a majority of their revenues from their public utility operations.

Next, the research team combines a proprietary quantitative and qualitative methodology to identify investment opportunities.

The team utilizes screens based on price, liquidity, and tradability to evaluate potential investments.

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

The fund also may purchase American Depositary Receipts to gain exposure to foreign utilities companies and U.S. government securities.