Strategy. The Adviser delegates execution of the Fund?s investment strategy to Kensington Asset Management, LLC (the ?Sub-Adviser?). The Sub-Adviser seeks to achieve the Fund?s investment objective by investing primarily in domestic equity-index exchange traded funds (?ETFs?), domestic equity-index mutual funds, and U.S. Treasury debt. The Fund invests without restriction as to equity issuer capitalization. The Fund invests in U.S. Treasury debt of any maturity. The Fund invests in equity securities indirectly through ETFs and mutual funds. The Sub-Adviser selects ETFs and mutual funds based on performance, relative fees, management experience and underlying portfolio composition and strategy. The Fund is non-diversified, which means it may invest a high percentage of its assets in a limited number of securities. The Sub-Adviser?s strategy is … Show more… The Adviser delegates execution of the Fund?s investment strategy to Kensington Asset Management, LLC (the ?Sub-Adviser?). The Sub-Adviser seeks to achieve the Fund?s investment objective by investing primarily in domestic equity-index exchange traded funds (?ETFs?), domestic equity-index mutual funds, and U.S. Treasury debt. The Fund invests without restriction as to equity issuer capitalization. The Fund invests in U.S. Treasury debt of any maturity. The Fund invests in equity securities indirectly through ETFs and mutual funds. The Sub-Adviser selects ETFs and mutual funds based on performance, relative fees, management experience and underlying portfolio composition and strategy. The Fund is non-diversified, which means it may invest a high percentage of its assets in a limited number of securities. The Sub-Adviser?s strategy is principally driven by a proprietary ?Dynamic Growth Model? that is designed to tactically alternate between a ?risk-on? state in response to advancing equity markets and a ?risk-off? state during times of market weakness. When switching risk states, the Fund?s entire portfolio is reallocated. The strategy relies upon a proprietary quantitative decision model that generates signals to purchase equity index ETFs and/or mutual funds when in bullish risk-on mode, and U.S. Treasury securities when in bearish risk-off mode. The Sub-Adviser selects holdings for the Fund?s portfolio when in risk-on mode with the aim of diversifying across equity indices. The model is calculated on the last trading day of each week, using only the weekly high, low, close, and open prices of the Nasdaq Composite Index. The model is built upon a core of trend-following logic that generates signals on a weekly basis. To avoid generating false signals directing a change to-or-from a risk-on or risk-off state, the model also employs noise-filtering. This noise-filtering enhancement is intended to dampen the distorting impact of short-term price aberrations that are characteristic of today?s volatile markets. This noise filter operates by causing the model to disregard relatively large short-term changes in inputs that are not indicative of a longer-term trend. The Sub-Adviser engages in frequent trading to achieve the Fund?s investment objective, which will result in turnover in excess of 100%. Show less