The Fund will invest at least 80 percent of its assets in securities of the Nasdaq 7HANDL Index (the Index). The Index generally consists of securities issued by exchange-traded funds (ETFs) and is split into two components, with a 50 percent allocation to fixed income and equity ETFs (the Core Portfolio) and a 50 percent allocation to ETFs of 12 asset categories (the Explore Portfolio) as described below. Because the Index is comprised of securities issued by other investment companies, the Fund operates as a fund of funds. The Fund employs a passive management investment strategy in seeking to achieve its investment objective. The Fund will typically invest 90% of its assets in the Indexs component securities and hold 10 percent of its assets in cash and cash equivalents, including money market mutual funds and treasury securities, to serve as collateral for the Fund's 40 percent total return swap (measured as a percent of the Fund's portfolio) on the Base Index.