Ivan Kollar

Principal Investment Strategies  The fund attempts to match and exceed the investment return of its benchmark index, the S&P 500.  While the S&P 500 index consists of large capitalization stocks the fund is not limited to that universe of stocks.  The fund does not attempt to fully replicate the index by owning each of the stocks in the index. Several factors are considered in selecting securities, including historical price movement, market capitalization, earnings strength and trajectory, price momentum, transaction costs,  individual & broad market conditions and others. While investments will be geared toward mostly domestic assets, the fund may also purchase stock index futures contracts, options, derivatives, convertible securities, ADR's, exchange-traded funds (inversed & leveraged), and various types of fixed income securities.  The fund on occasion may keep a significant portion of its assets in highly liquid securities such as cash and other short term debt instruments, in order to minimize the downward risk of volatile markets or to await a promising investment opportunity.  The fund may establish relatively large positions in securities that are particularly attractive and there is no limits on the market capitalization of the securities that the fund purchases.  The fund will determine the appropriate timing in order to maximize returns and may quickly liquidate securities in order to maximize gains and limit fund losses.  The fund may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.