FUND SUMMARY The investment seeks daily investment results that correspond to twice the inverse of the daily performance of the NASDAQ-100 index. The fund normally commits at least 80% of assets to financial instruments with economic characteristics that should be inverse to those of the index. It employs leveraged investment techniques in seeking its investment objective. The fund invests assets which are not invested in equity securities or financial instruments in debt instruments or money market instruments. It is nondiversified.. FUND OPERATIONS Last Dividend (27-Dec-07): 0.60 Last Cap Gain N/A Annual Holdings Turnover 1257.00% Average for Category: 333.98% FEES & EXPENSES Expense USPIX Category Avg Total Expense Ratio: 1.41% 1.98% Max 12b1 Fee: 0.00% N/A Max Front End Sales Load: 0.00% 4.80% Max Deferred Sales Load: 0.00% 1.23% 3 Yr Expense Projection*: $446 $805 5 Yr Expense Projection*: $771 $1,335 10 Yr Expense Projection*: $1,691 $2,735 * Per $10,000 invested

Apex Resources Group, Inc., a development stage company, engages in acquiring oil and gas prospects. It holds a 3.745% working interest in the Beaufort Sea well comprising 640 acres; and a 3.125% working interest in the Bastian Bay Field in Louisiana. Apex Resources also owns a 1.875% working interest consisting of 2.5 participation units in the Henry Dome prospect located in McMullen County, Texas. The company was founded in 1984. It was formerly known as Ambra Resources Group, Inc. and changed its name to Apex Resources Group, Inc. in 2003. The company is based in Salt Lake City, Utah.

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FUND SUMMARY The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Russell MidCap Growth index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified. FUND OPERATIONS SDK Category Avg. Total Expense Ratio 0.95% N/A Annual Holdings Turnover N/A N/A Total Net Assets 21.94M 414.17M