FLOTX : Power Floating Rate Index Fund Class I

Fund Summary

The investment seeks total return from income and capital appreciation with capital preservation as a secondary objective. The fund seeks to track the W.E. Donoghue & Co., LLC Power Floating Rate Index (the "Power Floating Rate Index"). The Power Floating Rate Index is comprised of, and the fund will invest primarily in, exchange-traded funds ("ETFs") and mutual funds that invest primarily in bank loans, floating rate bonds, short duration fixed income instruments, high yield bond (also known as "junk bonds") as well as short-term Treasury ETFs, money market funds or U.S. Treasury securities.