The 3 to 1 Funds seek to achieve long term capital appreciation and current income through diversified portfolios of equity
and fixed income securities. The funds employ multiple portfolio managers who specialize in distinct investment approaches and
who provide access to multiple asset classes. Each separate investment advisor has been carefully selected by a team of
professionals dedicated to search, selection, and monitoring of highly regarded institutional investment managers. We strongly
believe our multi-manager approach positions shareholders to take advantage of each investment managers’ specialty and further
provides them with diversification and risk reduction. The benefit to our shareholders is extended by the Fund’s practice of
adding or replacing investment managers if results do not meet expectations or changes occur in the portfolio management team.