Strategy. The Portfolio 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 and total market indexes are referred to as ?Index ETFs.? The Portfolio may also invest in ETFs which seek returns which are the inverse of a U.S. Equity index, (?Inverse Index ETFs?) or ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the S&P 500 (?Leveraged Index ETFs?). In addition, the Portfolio may hold cash, money market instruments, or other cash equivalents (collectively, ?Cash … Show more… The Portfolio 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 and total market indexes are referred to as ?Index ETFs.? The Portfolio may also invest in ETFs which seek returns which are the inverse of a U.S. Equity index, (?Inverse Index ETFs?) or ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the S&P 500 (?Leveraged Index ETFs?). In addition, the Portfolio may hold cash, money market instruments, or other cash equivalents (collectively, ?Cash Instruments?). The Portfolio?s adviser, Probabilities Fund Management, LLC (?Probabilities?), uses an active trading strategy based on a proprietary rules-based methodology to determine the Portfolio?s allocation among Index ETFs, Leveraged Index ETFs, Inverse Index ETFs and Cash Instruments that seeks to take advantage of long-term trends in the market. The Portfolio typically invests in either ETFs or Cash Instruments depending on the Probabilities? assessment of the market. When Probabilities believes that conditions are favorable for investment in equities, the Portfolio will invest in index ETFs and leveraged ETFs. During periods that Probabilities believes will offer the highest probability of capital appreciation, Probabilities will increase the Portfolio?s percentage allocation to leveraged ETFs Portfolio will invest primarily in Leveraged ETFs; otherwise, the Portfolio will invest primarily in Index ETFs and the Portfolio?s percentage allocation to leveraged ETFs will be reduced. When Probabilities believes that market conditions are unfavorable for equities, the Portfolio will invest in Inverse Index ETFs or Cash Instruments. The Portfolio?s investment program will emphasize active management of the Portfolio?s investments, with an emphasis on capturing profits on short-term movements. This policy will result in the Portfolio engaging in frequent trading of Portfolio positions. Consequently, the Portfolio?s portfolio turnover and brokerage commission expenses may exceed those of most investment entities of comparable size. Show less