PWDAX : Power Dividend Index Fund Class A

Fund Summary

The investment seeks total return from dividend income and capital appreciation; capital preservation is a secondary objective of the fund. The fund's investment adviser seeks to achieve the fund's primary investment objective by seeking to track the W.E. Donoghue Power Dividend Index that provides a formulaic methodology for allocating investment between the S-Network Quality Sector Dividend Dogs Index (SNQDIV) and short-term treasuries (maturity of 1 year or less). The methodology of the index is designed to convey the benefits of high dividend yield, sector diversification and equal weighting.