The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing primarily in a portfolio of exchange-traded funds ("ETFs") and equity index futures. It implements a quantitative trend-following strategy by generally holding long positions in S&P 500® Index ETF(s) and equity index futures that provide either long and/or short exposure to the equity markets. The adviser's quantitative strategy seeks to identify price trends in the equity markets as indicated by the S&P 500® reference index. It is non-diversified.