CORE PORTFOLIO OBJECTIVE
The TCF! Core Portfolio seeks to programmatically model the market to find past historical patterns under which the market has moved up, and under which the market has moved down.  We seek to invest according to the predictions made by these models.  As such, TCF! invests based on the idea that the market acts similarly under similar circumstances over time.  To the extent that the market does not, or unforeseen events disrupt the market, the TCF! Core Portfolio will underperform.

As TCF! seeks to invest for gains by predicting market direction, we invest for gains both when the market goes up and when the market goes down.  TCF! makes these determinations based on probabilities derived from our modeling of the markets, and this modeling seeks to cover both bull, bear, and neutral market conditions.

RISKS OF INVESTING IN THE CORE PORTFOLIO
All investments carry risk to some degree.
The value of the Core Portfolio may fluctuate.  In addition, the Core Portfolio:
MAY DECLINE IN VALUE, AND YOU MAY LOSE MONEY
IS NOT FEDERALLY INSURED
IS NOT GUARANTEED BY ANY GOVERNMENT AGENCY
IS NOT A BANK DEPOSIT
IS NOT GUARANTEED TO ACHIEVE THE OBJECTIVE

PRINCIPAL RISKS
Derivatives Risk – The underlying funds’ use of equity derivatives such as futures, options, and swap agreements to pursue its investment objective may expose the underlying funds to additional risks that they would not be subject to if they were invested directly in the securities underlying those derivatives.  These risks may cause the underlying funds to experience higher losses than a fund that does not use derivatives.

Market Risk – Due to market conditions, the value of the underlying funds’ investments in equity securities and equity derivatives, such as futures and options contracts, may fluctuate significantly from day to day.  This volatility may cause the value of your investment in the underlying funds to decrease.

Market Segment Risk – The underlying funds are subject to the risk that large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole.

Swap Counterparty Credit Risk – The underlying funds are subject to credit risk on the amount it expects to receive from swap agreement counterparties.  If a swap counterparty defaults on its payment obligations to the underlying funds, this default will cause the value of your investment in the underlying funds to decrease.

POSSIBILITY OF LOSSES
Because the securities the underlying funds hold fluctuate in price, the value of your investment in the TCF! Core Portfolio will go up and down.  You could lose money.