Niemann Capital Management was founded in 1991 by two highly skilled portfolio managers who believed the key to successful investing could be expressed in two words: tactical management.

They recognized early on that the markets are dynamic, ever changing. And they concluded that successful investing required an approach that is equally dynamic.

They also believed that tactical management was the best methodology available for responding decisively to daily changes in the market.

Almost two decades later, we remain committed to this approach and the belief that no portfolio is complete without the benefit of tactical management.

As such, the Niemann approach to investing is twofold. First, we seek to identify the best risk/reward relationships currently at work within the market. Second, we apply tactical asset allocation, seeking to maximize potential returns.

To read more about Niemann Capital Management, the adviser of the fund, please visit Niemann's corporate website by clicking here.

Niemann Capital Management is the investment adviser of the Fund. The Adviser provides advice on buying and selling securities. The Adviser also furnishes the Fund with office space and certain administrative services and provides most of the personnel needed by the Fund.