AlphaSimplex Managed Futures Strategy Fund Class A

This fund's primary objective is to achieve capital growth for its investors. The advisor projects that a maximum of 25% of the fund's total assets will be designated for margin and collateral requirements associated with its derivative trading activities. Typically, in stable market environments, the fund intends to commit at least three-quarters (75%) of its overall assets to highly-rated, short-duration securities, including money market instruments. Additionally, the fund maintains a concentrated focus on the financial services industry, with a usual allocation of at least 25% of its total assets to securities and other debt instruments from companies operating within this sector.