PROAX : Probabilities Fund Class A

Fund Summary

The investment seeks capital appreciation. The fund utilizes a ''fund of funds'' structure to invest primarily in exchange-traded funds ("ETFs''), including inverse ETFs and leveraged ETFs. ETFs that seek to track the performance of broad-based U.S. equity indices, principally the Standard & Poor's 500 ("S&P 500") as well as mid-cap, small-cap and total market indexes are referred to as "index ETFs". It may also invest in ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the S&P 500 or ETFs which seek returns which are the inverse of a U.S. equity index, ("inverse index ETFs").