Strategy. Tactical Fund Advisors, LLC (the Adviser) seeks to achieve the Funds investment objective by investing the Funds assets in two sub-strategies. Under the first strategy, the Fund will invest in: (1) equity securities of small, mid-, and large-capitalization U.S. companies; (2) exchange-traded funds (ETFs) that invest fixed income securities of any quality or maturity, including below investment grade securities that are commonly referred to as junk bonds (the Underlying ETFs); and (3) Cash and cash equivalents. Under the second strategy, the Fund will invest in a tactical stock portfolio comprised of stocks where the Sub-Adviser (defined below) sees the most opportunity, along with a tactical hedged equity portfolio that will be barbelled between approximately 27-30 cyclical and counter-cyclical stocks. The … Show more… Tactical Fund Advisors, LLC (the Adviser) seeks to achieve the Funds investment objective by investing the Funds assets in two sub-strategies. Under the first strategy, the Fund will invest in: (1) equity securities of small, mid-, and large-capitalization U.S. companies; (2) exchange-traded funds (ETFs) that invest fixed income securities of any quality or maturity, including below investment grade securities that are commonly referred to as junk bonds (the Underlying ETFs); and (3) Cash and cash equivalents. Under the second strategy, the Fund will invest in a tactical stock portfolio comprised of stocks where the Sub-Adviser (defined below) sees the most opportunity, along with a tactical hedged equity portfolio that will be barbelled between approximately 27-30 cyclical and counter-cyclical stocks. The Adviser delegates the daily management of the Funds portfolio to the Funds sub-adviser, Preston Wealth Advisors, LLC (the Sub-Adviser). The Sub-Adviser will adjust the Funds holdings based on the daily output of its quantitative model, which analyzes multiple variables, such as price, risk, and other statistical factors. The Sub-Adviser utilizes the outputs of its proprietary model daily to determine whether to adjust the Funds specific investment allocations or shift the holdings to cash based on the amount of risk currently in the market. In managing the Funds portfolio, the Fund will engage in frequent trading, resulting in a high portfolio turnover rate. Show less