CONQUER RISK FUNDS

UNCONSTRAINED TACTICAL MUTUAL FUNDS

The Conquer Risk funds are designed to tactically adjust their holdings to match the current market environment.

There are times where you want to be fully invested (risk-on) and periods where the risk isn’t worth the reward (risk-off).

Managed Volatility Fund

Tactical Rotation Fund

Tactical Opportunities Fund

Defensive Bull Fund

THE CHALLENGE

When financial advisors create an asset allocation plan for their clients, the landscape of investment choices looks something like this;

  • Passive funds that simply track an index and offer cheap broad market exposure.

OR

  • Active funds that, in most cases, are closet index funds that charge a premium.

The problem for financial advisors is that there are very few funds that are willing to take a stand and actively manage risk.
Enter the Conquer Risk Funds.

THE FUNDS

Conquer Risk

Managed Volatility Fund

Class I: CRMVX

Investment Objective

The Conquer Risk Managed Volatility Fund (the “Fund”) seeks total return.

Fund Strategy

This Fund seeks growth and income by constructing a portfolio that is comprised, under normal market conditions, of exchange traded funds (“ETFs”), mutual funds (open-end investment companies) registered under the Investment Company Act of 1940 and/or cash and cash equivalents.

The Advisor actively allocates the Fund’s assets across equity and fixed income ETF’s and mutual funds overweighting those investments that exhibit the best risk-to-reward ratio. If the Advisor’s algorithmic composites point to a rising market, the Fund may have a higher proportion of equity ETFs and mutual funds. During a downward trending markets, the Advisor will limit the Fund’s investments to low volatility ETFs, mutual funds and cash in an overall effort to reduce downside exposure. Specialty investments, such as leveraged and inverse ETF’s, may be used from time to time to hedge risk and provide for smoother returns. Risk-managed policies employ the use of cash or money market funds during adverse conditions; these positions could at times be 100%.

Investment Advisor

Potomac Fund Management, Inc., the investment advisor to the Fund (the “Advisor”), utilizes technical analysis based quantitative systems to guide its decision-making process for the Fund. The systems utilized by the Fund attempt to assess the level of market risk that exist at any particular time, which, in turn, guides the Advisor’s determinations as to whether the Fund should be fully invested in the market or hold more significant cash positions.

Conquer Risk

Tactical Rotation Fund

Class I: CRTBX

Investment Objective

The Conquer Risk Tactical Rotation Fund (the “Fund”) seeks growth and income.

Fund Strategy

This Fund seeks growth and income by constructing a portfolio that is comprised, under normal market conditions, of exchange traded funds (“ETFs”), mutual funds (open-end investment companies) registered under the Investment Company Act of 1940 and/or cash and cash equivalents.

The Advisor actively allocates the Fund’s assets across equity and fixed income ETF’s and mutual funds overweighting those investments that exhibit the best risk-to-reward ratio. If the Advisor’s algorithmic composites point to a rising market, the Fund may have a higher proportion of equity ETFs and mutual funds. During a downward trending markets, the Advisor will limit the Fund’s investments to low volatility ETFs, mutual funds and cash in an overall effort to reduce downside exposure. Specialty investments, such as leveraged and inverse ETF’s, may be used from time to time to hedge risk and provide for smoother returns. Risk-managed policies employ the use of cash or money market funds during adverse conditions; these positions could at times be 100%.

Investment Advisor

Potomac Fund Management, Inc., the investment advisor to the Fund (the “Advisor”), utilizes technical analysis based quantitative systems to guide its decision-making process for the Fund. The systems utilized by the Fund attempt to assess the level of market risk that exist at any particular time, which, in turn, guides the Advisor’s determinations as to whether the Fund should be fully invested in the market or hold more significant cash positions.

Conquer Risk

Tactical Opportunities Fund

Class I: CRTOX

Investment Objective

The Conquer Risk Tactical Opportunities Fund (the “Fund”) seeks long-term capital appreciation.

Fund Strategy

This Fund seeks long-term capital appreciation by constructing a portfolio that is comprised, under normal market conditions, of exchange traded funds (“ETFs”), mutual funds (open-end investment companies) registered under the Investment Company Act of 1940 and/or cash and cash equivalents.

The Advisor actively allocates the Fund’s assets across equity ETF’s and mutual funds that hold a broad-based basket of equity securities. If the Advisor’s algorithmic composites point to a rising market, the Fund may have a higher proportion of aggressive equity ETFs and mutual funds. During a downward trending markets, the Advisor will limit the Fund’s investments to low volatility ETFs, mutual funds and cash in an overall effort to reduce downside exposure. Specialty investments, such as leveraged and inverse ETF’s, may be used from time to time to hedge risk and provide for smoother returns. Risk-managed policies employ the use of cash or money market funds during adverse conditions; these positions could at times be 100%.

Investment Advisor

Potomac Fund Management, Inc., the investment advisor to the Fund (the “Advisor”), utilizes technical analysis based quantitative systems to guide its decision-making process for the Fund. The systems utilized by the Fund attempt to assess the level of market risk that exist at any particular time, which, in turn, guides the Advisor’s determinations as to whether the Fund should be fully invested in the market or hold more significant cash positions.

Conquer Risk

Defensive Bull Fund

Class I: CRDBX

Investment Objective

The Conquer Risk Defensive Bull Fund (the “Fund”) seeks long-term capital appreciation.

Fund Strategy

This Fund seeks long-term capital appreciation by constructing a portfolio that is comprised, under normal market conditions, of exchange traded funds (“ETFs”), mutual funds (open-end investment companies) registered under the Investment Company Act of 1940 and/or cash and cash equivalents.

The Fund will generally use funds that hold a broad-based basket of equity securities. If the Advisor’s algorithmic composites point to a rising market, the Fund will invest in ETFs that provide leveraged exposure of a particular market index, such as the S&P® 500 Index. During downward trending markets, the Advisor will attempt to reduce downside exposure by limiting the Fund’s investments to cash. If the trend is, in the Advisor’s view, weak enough the Fund’s assets may be invested in ETFs that provide inverse exposure of a particular market index, such as the S&P® 500 Index.

Investment Advisor

Potomac Fund Management, Inc., the investment advisor to the Fund (the “Advisor”), utilizes technical analysis based quantitative systems to guide its decision-making process for the Fund. The systems utilized by the Fund attempt to assess the level of market risk that exist at any particular time, which, in turn, guides the Advisor’s determinations as to whether the Fund should be fully invested in the market or hold more significant cash positions.

Ready to learn how to put the our funds to work for your clients? The best thing to do is to simply start the conversation.

Disclosures

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. The prospectus contains this and other information about the Funds. You may obtain a prospectus on this website or by calling the transfer agent at 1-888-774-6679. The prospectus should be read carefully before investing.

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance shown. You may obtain performance data current to the most recent month end by calling 1-888-774-6679.

An investment in the Funds is subject to investment risks, including the possible loss of the principal amount invested.  There can be no assurance that the Funds will be successful in meeting their objectives. The risks associated with the Funds, detailed in the Prospectus, include the risks of investing in exchange traded funds (ETFs).  To the extent a Fund invests in ETFs and mutual funds, the Fund will indirectly bear its proportionate share of any expenses (such as operating expenses and advisory fees) that may be paid by the underlying funds. These expenses would be in addition to the advisory fee and other expenses that the Fund bears in connection with its own operations. Investment in an exchange traded fund (ETF) carries security specific risk and the market risk. Overall stock market risks may affect the value of the Funds. These risks include the financial risk of selecting securities that do not perform as anticipated, the risk that the stock markets in which the Funds invests may experience periods of turbulence and instability, and the general risk that domestic and global economies may go through periods of decline and cyclical change. There also may be risks associated with the Funds’ investment in a specific sector, and non-diversification. The Funds may also engage in short-term trading to try to achieve its objective and may have portfolio turnover rates significantly in excess of 100%.  Leveraged ETF Risks – The net asset value and market price of leveraged ETFs are usually more volatile than the value of the tracked index or of other ETFs that do not use leverage. Inverse ETF Risks – Inverse ETFs seek investment results that are the opposite of the daily performance of an underlying index or basket of stocks. Investors will lose money when the Index rises – a result that is the opposite from traditional funds.  The Funds may invest in underlying funds that hold fixed income securities and foreign securities. Fixed income securities fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities.  Foreign investments can involve significant risks in addition to the risks inherent in U.S. investments. These risks include adverse political, social and economic developments, differing auditing and legal standards, war, expropriation and nationalization.

Distributed by Rafferty Capital Markets, LLC ­ Garden City, NY 11530.