The Ancora asset allocation strategy seeks to achieve long-term growth for clients. Ancora will allocate client assets using exchange traded funds and, in certain instances, mutual funds, including the Ancora Family of Mutual Funds. Examples of the types of funds in which Ancora may invest include: (i) exchange-traded funds that reflect certain market or market capitalization averages, (ii) exchange-traded funds that utilize underlying basket of securities in certain industries, (iii) exchange traded funds that invest in specific countries or regions of the world, and (iv) mutual funds, including the Ancora Family of Mutual Funds. Ancora will use these vehicles to take advantage of perceived short and long-term trends and mispricing in certain industries and countries in a cost-effective and efficient manner.