SiM Dynamic Allocation Equity Income Fund

Our Fund, SiM Dynamic Allocation Equity Income Fund (SDEAX), is a fund of funds that invests primarily in ETFs. Although the Fund has varying degrees of exposure to equities and fixed income, the Fund has a value driven, income bias. The Equity Income Fund has an aggressive allocation strategy emphasizing equities.

The power of proper diversification (driven in large part by differing correlations between multiple equity and bond asset classes) creates opportunity for investors to participate in the growth opportunities of equity investing with the income potential from bonds - without taking on undue risks and/or sacrificing potential income.


Because the Fund is a "fund of funds," an investor will indirectly bear the principal risks of the underlying funds, including but not limited to, risks associated with smaller companies, foreign securities, emerging markets, fixed income investments and commodities. The Fund will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying funds. Because the Fund invest in ETFs and ETNs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's or ETN's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact the Fund's ability to sell its shares.

Diversification does not assure a profit or protect against a loss in a declining market.