Strategy. The Fund seeks to meet its investment objective by investing up to 100% of its assets in common stocks that are part of the S&P 500 Index and/or the Russell 1000 Index. The Adviser studies data from W.E. Sherman & Co. to determine the Funds allocations. W.E. Sherman & Co. publishes The Sherman Sheet, a financial research newsletter and web site for licensed financial professionals that provides model portfolios along with the supporting research, analysis and data for those portfolios under various market conditions. The Adviser analyzes the Breakaway Stocks with Cash Directional Indicator Model on The Sherman Sheet to determine whether the Fund should be invested in stocks or in cash and/or cash alternatives. Using the model, the Adviser … Show more… The Fund seeks to meet its investment objective by investing up to 100% of its assets in common stocks that are part of the S&P 500 Index and/or the Russell 1000 Index. The Adviser studies data from W.E. Sherman & Co. to determine the Funds allocations. W.E. Sherman & Co. publishes The Sherman Sheet, a financial research newsletter and web site for licensed financial professionals that provides model portfolios along with the supporting research, analysis and data for those portfolios under various market conditions. The Adviser analyzes the Breakaway Stocks with Cash Directional Indicator Model on The Sherman Sheet to determine whether the Fund should be invested in stocks or in cash and/or cash alternatives. Using the model, the Adviser examines the expected market trend for equity securities. If equities are trending upward based on market indicators, the Funds assets are invested in equities. When fully invested in stocks, the Fund is comprised of securities whose short-term ( i.e. , less than 6 months) moving average diverges, or breaks away, from its long-term ( i.e., greater than 6 months) moving average. A moving average is the measure of a securitys price movement over a period of time. The Adviser invests in the 20-25 stocks showing the most breakaway listed on the S&P 500 Index and/or the Russell 1000 Index. The companies whose stocks are exhibiting the most breakaway could be from the same industry or sector. If equities are trending downward based on market indicators, the Funds assets are primarily invested in cash and/or cash alternatives, except during periods where equity funds have, over the history of the S&P 500, shown a high probability of profit when invested in domestic equities based on the closing price of the S&P 500. These periods of high probability of profit are typically at the beginning and end of calendar months and shortly before holidays. The Fund actively trades its portfolio investments depending on which securities are demonstrating the most breakaway which may lead to higher portfolio turnover. Show less