Potomac Defensive Bull - Instl (Conquer Risk Defensive Bull Fun) fond

The fund seeks long-term capital appreciation by constructing a portfolio that is comprised, under normal market conditions, of exchange traded funds ("ETFs"), mutual funds (open-end investment companies), derivatives, and/or cash and cash equivalents. It will generally use funds that hold a broad-based basket of equity securities. During downward trending markets, the Advisor will attempt to reduce downside exposure by limiting the fund's investments to cash and cash equivalents. The fund is non-diversified.