Hundredfold Select Alternative Inv (Hundredfold Select Alternative ) Fonds

The fund invests primarily in any combination of equity and fixed-income securities based on market conditions and trends and the Subadviser's expectations and assessment of risks. It may invest directly in equity and fixed-income securities. It will primarily invest in such securities indirectly through securities that invest in or are a derivative of suchsecurities,primarily including futures contracts, swap agreements, ETFs, naked and covered options on such instruments, currencies, and other unaffiliated investment companies.