Strategy. The Fund utilizes a ?fund of funds? structure to access a wide variety of underlying asset classes and strategies. Ocean Park Asset Management, LLC (?the Adviser?) seeks to achieve the Fund?s investment objectives by investing in mutual funds and exchange-traded funds (?ETFs?) (collectively ?Underlying Funds?). The Adviser constructs the Fund?s broadly-diversified investment portfolio by investing at various times in a wide range of Underlying Funds that invest in various security and investment categories (each an ?Asset Class?). The Fund primarily invest in high-yield corporate bonds or long-duration U.S. Treasury securities (?Treasury Bond Funds?). For the purposes of this Prospectus, HYCB Funds and Treasury Bond Funds are collectively referred to as ?Underlying Bond Funds.? The Fund defines high yield securities, also … Show more… The Fund utilizes a ?fund of funds? structure to access a wide variety of underlying asset classes and strategies. Ocean Park Asset Management, LLC (?the Adviser?) seeks to achieve the Fund?s investment objectives by investing in mutual funds and exchange-traded funds (?ETFs?) (collectively ?Underlying Funds?). The Adviser constructs the Fund?s broadly-diversified investment portfolio by investing at various times in a wide range of Underlying Funds that invest in various security and investment categories (each an ?Asset Class?). The Fund primarily invest in high-yield corporate bonds or long-duration U.S. Treasury securities (?Treasury Bond Funds?). For the purposes of this Prospectus, HYCB Funds and Treasury Bond Funds are collectively referred to as ?Underlying Bond Funds.? The Fund defines high yield securities, also known as ?junk bonds,? as fixed-income securities rated below investment grade and whose issuers generally have a non-investment grade rating or are not rated. Under normal circumstances, the Fund invests at least 80% of its net assets (defined as net assets plus the amount of any borrowing for investment purposes) in Underlying Bond Funds. The Adviser expects the Fund to be at least 80% invested in HYCB Funds under most market conditions. The Fund does not have maturity or duration limitations with respect to the holdings of the Underlying Bond Funds in which it invests. The overall asset allocation of the Fund is not fixed. It can and does change significantly over time as the Adviser decides to re-allocate portions of the portfolio in response to trend changes in the U.S. and global economy and in various fixed income investment markets using the tactical style described above. The Adviser constructs the Fund?s portfolio by quantitatively analyzing Underlying Bond Funds to identify those that exhibit the most attractive positive trends and have been given a ?buy? signal under the Adviser?s proprietary investment process. The Adviser does not employ a ?buy and hold? strategy. As part of its integrated risk-management disciplines, the Adviser monitors each Underlying Bond Fund holding daily and applies a trailing stop discipline (a form of sell signal) to each Underlying Bond Fund within the Fund?s portfolio. The Adviser employs a trailing stop discipline which adjusts the sell signal level as the price of a holding rises and is calculated as a percentage or dollar amount below the market price. When any Underlying Bond Fund holding declines in price enough to generate a ?sell? signal under the Adviser?s trailing-stop discipline, the Fund will sell that Underlying Bond Fund and will invest the proceeds in Treasuries, directly or through mutual funds and ETFs, or money-market mutual funds and/or ultra-short-term bond funds. Conversely, when prices of Underlying Bond Funds begin trending upward sufficient to give ?buy signals?, the Adviser will sell part or all of its holdings in Treasuries and select and purchase one or more Underlying Bond Funds. The same type of buy and sell disciplines are also applied to Treasuries. If price movements have generated sell signals, the proceeds will temporarily be held in cash (money-market mutual funds and/or ultra-short-term bond mutual funds or ETFs) until price movements of either Underlying Bond Funds or Treasuries trigger buy signals. The Buy and Sell Disciplines are not designed to attempt to buy at lows or to sell at highs, but to seek to participate in a substantial part of any sustained uptrend in the equity market as well as to limit participation in any sustained downtrend. When invested in Treasuries, the Fund also seeks to participate in a substantial part of any sustained uptrend in the Treasury bond market. The Adviser employs a ?reactive? approach as distinct from a ?predictive? approach. The Adviser does not consider its approach to be a ?trading? style in terms of frequency and does not expect to average more than two sell signals per year in each Underlying Fund. The Adviser may engage in frequent buying and selling of portfolio securities to achieve the Fund?s investment objectives. The Fund may engage in securities lending. Show less