The Tactical Advantage Funds

We at Alta Trust believe that investors should actively manage risk in their investment portfolios. The quality of your retirement years can be seriously jeopardized if you make investment and planning mistakes during the accumulation years. Unfortunately, many 401k participants are often prone to make mistakes of judgment and inaction because they have little knowledge of investing.

During the three-year period from 2000 to 2002, the worldwide equity markets declined by $13 trillion¹ and 401k plan participants watched helplessly as their account values tumbled. More recently, participants watched the global credit and banking crisis wipe out their savings once again in a matter of weeks. For the year of 2008 the S&P 500 index fell 37% and international equities (MSCI EAFE) dropped over 43%. ²

World events such as the 9/11 attacks, the Enron scandal, hurricanes and tsunamis, Middle East conflicts, the war on terrorism and global banking crises have shaken the confidence of many 401k plan participants. We believe that today’s economic climate requires investors to be more vigilant than ever before to safeguard personal assets.

Alta Trust Company, as the trustee, has engaged Niemann Capital Management as the investment manager of nine collective investment funds called the Tactical Advantage Funds^TM. Currently, these funds are offered to 401k plans across the U.S.

The funds use the innovative tactical investment style and enviable track record of Niemann Capital Management. Niemann’s active investment methodology employs a ranking system for a large universe of mutual funds and ETFs that are analyzed and managed on a daily basis. Niemann assigns their rankings and analyzes market conditions every day and, as needed, makes changes to the underlying investments in the Tactical Advantage Funds^TM, providing plan participants with funds that are responsive to the changes in the markets.

Three of the funds provide investment strategies that reallocate the investments for you. Much like an athletic team, these funds can take a defensive or an offensive position depending on the economy and market outlook:

Core Funds

• Risk Managed Growth
• Dynamic Domestic Growth
• Global Equity Plus

Asset Class Funds

• Large Cap Tactical
• Mid Cap Tactical
• Small Cap Tactical
• International Tactical
• Sector Tactical
• Fixed Income Tactical

The Tactical Advantage Funds^TM are monitored by the Investment Review Committee at Alta Trust on a continuous basis with a full review each quarter to make sure they are achieving their investment objective relative to their benchmarks.

¹ABN AMRO Global Investment Returns Yearbook. ²Morningstar For more information regarding the Tactical Advantage Funds, you may request the legal description of the funds from Alta Trust Company.