The Probabilities Strategies are based on underlying seasonal and technical factors derived from the analysis of the historical return series of market indices.

Factors determined to have the most significance are utilized to generate buy and sell signals, which the Manager then utilizes to implement discretionary trades. Like all equity investments, the strategy will experience volatility which may be magnified during periods the Manager has implemented a leveraged position.

Probabilities flagship strategy seeks capital appreciation by systematically investing to gain long, short or leveraged exposure to U.S. equity markets through Index ETFs. The strategy places special emphasis on risk management in an attempt to limit loss by using disciplined, rules based methods.

The Probabilities Fund Sector Rotation Strategy  is a directional trading strategy investing in sector ETFs. The objective is to generate noncorrelated alpha relative to the S&P 500*, on a risk adjusted basis.

*The S&P 500 Index is an unmanaged composite of 500 large capitalization companies. This index is widely used by professional investors as a performance benchmark for large-cap stocks. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance does not guarantee future results.