SmartGrowth ETF Lipper® Optimal Growth Index Fund

Fund Overview

Fund Objective and Investment Philosophy:
The Fund's investment objective is to track the performance of the Lipper® Optimal Growth Index, a target risk benchmark consisting of a select group of ETFs, rebalanced quarterly, designed to maximize returns given a high degree of volatility. Other than short-term investments in cash and cash equivalents, the Fund will limit its investments to ETFs included in the Growth Index. As a result, the Fund operates as a "fund of ETFs".

Investor Profile:

Investors looking for diversified growth within a manageable level of risk.

Trading Symbol:

LPGAX

Inception Date:

June 1, 2007

Fund Management

Kevin D. Mahn serves as the Portfolio Manager for the SmartGrowth Mutual Funds. The Adviser has employed Mr. Mahn as a Managing Director since September of 2004. Prior to joining the Adviser, Mr. Mahn worked at Lehman Brothers in various capacities since September of 1993, leaving as a Senior Vice President. Mr. Mahn received his M.B.A. (Finance) from Fairleigh Dickinson University in 1993 and B.A. (Business Administration) from Muhlenberg College in 1991. Mr. Mahn has also served as an adjunct faculty member of Fairleigh Dickinson University in their Accounting, Economics and Finance Department.

For more information on the SmartGrowth Lipper® Funds, including a prospectus, please contact us or call us at 800-836-8240 to speak with your financial advisor.