At Niemann, our top priority is to avoid catastrophic loss. That's why the cornerstone of our philosophy is capital preservation above all other considerations.

We believe this concept directly influences investment success over the long term.

Our goal, on behalf of the investors in the Niemann Tactical Return Fund, is to optimize performance, while managing risk in all market conditions.

Don't Just Allocate. Rotate.^®

At Niemann, our corporate tagline is simple and direct. This means we reallocate (i.e., rebuild) the Fund as needed, rotating investor assets out of weakening themes and into strengthening themes, based on the actual movements of the market.

• We do not predict how the market will behave. Rather we perform our daily analysis of the market to rank available investment choices on a risk/reward basis.
• We do not attempt to time the market. Rather, we identify themes we believe are currently at work, confirm these trends and only then rotate our investor's assets.
• And we do not believe in rebalancing to a pre-set allocation model. Instead, we reposition investors' assets, as dictated by our analysis, in an effort to maximize the potential for returns, regardless of style or asset class.

In today's increasingly fluid market, we believe tactical management offers investors a significantly broader array of alternatives for responding to changes in the market.