HUNDREDFOLD Completes Fund Reorganization

VIRGINIA BEACH, Va., Oct. 5, 2011 /PRNewswire/ -- HUNDREDFOLD Select Funds is pleased to announce the reorganization of the former Direxion Spectrum Funds as HUNDREDFOLD Select Funds, effective October 3, 2011.

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Hundredfold Advisors, LLC will continue to act as Subadvisor to the Funds. Advisors Preferred, LLC will act as investment advisor, while Ceros Financial Services, Inc. will act as distributor and Gemini Fund Services, LLC will be the transfer agent. Gemini Fund Services will also provide fund administration and accounting services.

"We're excited about this change for the Funds," said Mary Collins, Managing Member of Hundredfold Advisors. "There are many benefits for the shareholders to be realized."

Hundredfold Advisors, which has served as Subadvisor of the Funds since their inception in 2004, employs a wide range of alternative, technical and defensive investment strategies in the management of the Funds. These strategies are integral to the success of the Funds and will remain. In addition, Ralph J. Doudera, Portfolio Manager of Hundredfold Advisors, will continue as the manager.

Mr. Doudera adds, "In difficult markets, being active in one's approach to investing allows a greater level of flexibility than traditional buy-and-hold strategies."

The HUNDREDFOLD Select Funds are listed below with their former names; tickers will not change.

The success of Hundredfold's approach is highlighted by the Select Alternative Fund's receipt of a Morningstar 5-Star Overall Rating as of August 31, 2011. The fund ranked No. 1 in both three- and five-year total returns in the Multi-Alternative category. There were 75 and 30 funds in the category for the three- and five-year periods ended August 31, 2011, respectively.

For more information, please contact Dana Taormina at 973-850-7305 or [email protected].

About Hundredfold Advisors, LLC

Hundredfold was established in 2004 as a registered investment adviser under the Investment Advisers Act of 1940. Hundredfold provides successful active investment management specifically to the HUNDREDFOLD Select Funds. Subadvisory fees earned by Hundredfold are passed through to a 501(c)(3) Supporting Organization. To learn more, visit www.hundredfoldselect.com.

An investor should consider the investment objectives, risks, charges, and expenses of any of the HUNDREDFOLD Select Funds before investing. There is no guarantee that any HUNDREDFOLD Select Fund will achieve its investment objective. Investors should review the prospectus for more information about investing in HUNDREDFOLD Select Funds. This and other information about HUNDREDFOLD Select Funds is contained in the funds' prospectus, which can be obtained by calling 1-855-582-8006. Hundredfold Advisors, LLC serves as investment subadvisor to the HUNDREDFOLD Select Fund, distributed by Ceros Financial Services, Inc. (member FINRA). Ceros Financial Services, Inc. and Hundredfold Advisors, LLC are not affiliated entities. Advisors Preferred, LLC is the Fund's investment adviser.  Advisors Preferred, LLC is a wholly-owned subsidiary of Ceros Financial Services, Inc.

The principal risks of investing in the HUNDREDFOLD Select Funds are Risks of the Subadvisor's Investment Strategy, Risks of Aggressive Investment Techniques, High Portfolio Turnover, Risk of Investing in Derivatives, Risks of Investing in ETFs, Risks of Investing in Other Investment Companies, Swap Agreement Risks, Risk of Asset-Backed Securities, Leverage Risk, Risks of Shorting Securities, and Risk of Non-Diversification. The additional risks of investing in the HUNDREDFOLD Select Alternative Fund are Credit Risk and Lower-Quality Debt Securities, Interest Rate Changes, Prepayment Risk, and Risk of Asset-Backed Securities. The additional risks of investing in the HUNDREDFOLD Select Global Fund are Risks of Investing in Equity Securities, Risks of Investing in Foreign Securities, Risks of Investing in Emerging Markets, Credit Risk and Lower-Quality Debt Securities, and Risks of Investing in Small and Mid-Capitalization Companies. The additional risks of investing in the HUNDREDFOLD Select Equity Fund are Risks of Investing in Equity Securities, Risks of Investing in Small Capitalization Companies, and Risks of Investing in Foreign Securities. For more information on the risks of the HUNDREDFOLD Select Funds, including a description of each risk, please refer to the prospectus.

Morningstar© Proprietary Ratings: For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

CONTACT:
Dana Taormina
JCPR
973-850-7305
[email protected]

SOURCE HUNDREDFOLD Select Funds