DUKZ

DUKZ invests in unaffiliated fixed income ETFs using a proprietary trend-following strategy. The underlying ETFs, which could be passively or actively managed, may invest in government and corporate bonds of any credit quality or maturity from around the world. The fund expects to allocate nearly all its assets to these ETFs. In selecting investments, the fund adviser determines buy and sell signals by calculating the upper and lower bands of the short-term exponential moving averages. A buy signal is initiated when a potential uptrend in a candidate ETF is detected. To limit drawdowns of the overall fund, an ETF is sold when a sell signal is identified. Upon selling a position, the fund may reinvest in another ETF or temporarily hold cash equivalents. The fund may invest up to 50% in high-yield ETFs. The fund is not limited by any constraints on the number or type of underlying ETFs it may invest in. The adviser periodically reviews and adjusts the allocation of the fund.