DHQIX : Day Hagan Logix Smart Value Fund Class I

Fund Summary

The investment seeks long-term capital appreciation; current income is the secondary objective. The fund seeks to achieve its investment objectives by investing primarily in the equity securities of dividend paying domestic companies that the fund's sub-advisor, DH Logix, LLC (the "Sub-Advisor") believes to be under-valued based on its proprietary equity selection model. Under normal circumstances, at least 80% of the fund's net assets plus the amount of borrowings for investment purposes will be invested in the securities of dividend paying companies.