DF Tactical Income Fund Class I PWRIX Strategy

The investment seeks total return from income and capital appreciation with capital preservation as a secondary objective. The fund invests in income-producing fixed income and alternative strategy exchange-traded funds ("ETFs"). Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as "high yield" or "junk" bonds that are rated below Baa3 by Moody's Investors Service or similarly by another rating agency. It may also invest in ETFs that primarily invest in dividend-paying equity securities of U.S., foreign and emerging market issuers.