ITS Tactical Portfolio -- Captial Trends Analyzer

Utilizing DAPM, our Tactical Capital Trends Analyzer (CTA) program offers investors a precise balance of offensive and defensive investment techniques in a tactical investment range. The goal is to allow for greater performance potential and reduced volatility and risk within the portfolio's defined range.

The principal objective of our Tactical CTA portfolio is to utilize equity and fixed income funds to seek long-term capital appreciation with a focus on absolute return.

As with all of our portfolio programs, the CTA is managed through a disciplined and active investment approach. Disciplined is derived from a structured framework that is unique to each program. The portfolio framework for the Tactical CTA program consists of the following parameters:

(1) Allowable investment types are stock, bond, inverse, and money market funds
(2) Asset allocation range is a maximum 100% equities to a maximum 100% fixed income
(3) Number of sectors held are four maximum and one minimum
(4) Trading is conducted on a market-driven basis to maintain desired allocations