Wedbush Hedged Dividend Fund

LP

Fund Investment Objectives

The Hedged Dividend Fund invests in equity securities that yield in excess of 5% and creates a portfolio that yields on average between 5% and 7%. The fund invests no more than 2% of its assets in any one security, thereby protecting the portfolio from large losses from any one company experiencing difficulties. Currently in developed markets worldwide, there are over 3,300 equity securities that yield in excess of 5% and over 1,100 that yield in excess of 8%. This provides a large universe from which to select investments. The Fund attempts to protect against a declining market through hedging. The fund's strategy is to collect the dividends paid by 45 to 55 equity securities while shorting (hedging) a sufficient quantity of ETFs such that the ultimate positioning of the overall portfolio is mostly market neutral.