AXS Market Neutral Investor Class 

This fund seeks to achieve significant capital appreciation over the long term, irrespective of the overall performance of the stock market. Its core strategy involves carefully balancing "long" and "short" investment positions. To accomplish this, the fund's sub-advisor identifies and invests in equity securities of U.S. companies believed to be undervalued and poised for future growth. Simultaneously, it will borrow and then sell shares of other U.S. companies that the sub-advisor anticipates will underperform relative to the fund's long holdings over time.