Fund Description

The fund invests at least 80% of net assets in U.S.-traded equity securities of Transportation Companies and in derivatives, primarily futures contracts and options on securities, futures contracts, and stock indices. The advisor uses a proprietary quantitative and qualitative methodology with screens for price, liquidity, and tradability, then weights holdings using a proprietary modified capitalization approach, with adjustments for regulatory limits or as deemed appropriate. It may invest significantly in small- to mid-cap Transportation Companies, use ADRs for foreign exposure, and hold U.S. government securities. Derivatives can create financial leverage, magnify gains or losses, and increase volatility. Trading may occur near market close to remain fully invested.