RISKPRO&REG PFG AGGRESSIVE 30 FUND CLASS R (PFSUX) Exchange: NMFQS

The Fund seeks to achieve its investment objective by investing in mutual funds and exchanged-traded funds (“Underlying Funds”). Each Underlying Fund invests primarily in U.S. and international equity securities of varying market capitalizations, in order to obtain exposure to the broad global equity market. The Fund intends to invest a substantial portion of its assets in Underlying Funds managed by Wilshire Funds Management (“Wilshire Underlying Funds”). The Fund will also invest in Underlying Funds managed by other investment advisers.   The Fund defines equity securities as stocks and Underlying Funds that invest primarily in stocks. The Fund’s investments are made without regard to style or sector exposure. The Pacific Financial Group, LLC ( the “Adviser”) may also invest a portion of the Fund’s assets in Underlying Funds that invest in fixed-income securities issued by domestic and foreign corporations and government entities of any maturity or credit quality including high yield bonds (also known as junk bonds), liquid alternative/specialty securities, or cash equivalents. The percentage of the Fund’s net assets allocated to equities, fixed-income securities, liquid alternative/specialty securities, and cash equivalents will vary.   In selecting Wilshire Underlying Funds and other Underlying Funds to purchase or sell, on behalf of the Fund, the Adviser uses a proprietary investment analysis called “Rational Analysis.” The Adviser’s “Rational Analysis” investment approach relies on Fundamental Analysis, Technical Analysis, and Quantitative Studies in selecting positions.   • Technical Analysis: This method attempts to forecast future price movement by analyzing historical price patterns.   • Fundamental Analysis: This method is used to evaluate what a security’s intrinsic value should be by examining related economic, financial, and other qualitative and quantitative factors. The outcome of this analysis can then be compared to the security’s current value to determine if it is over or underpriced.   • Quantitative Analysis: This method analyzes historical price patterns and relationships between securities in an effort to create an optimal portfolio, which is the highest level of expected return for each level of risk.   Rather than using one of the above methods exclusively, the Adviser seeks to integrate the optimal elements of each method into a “Rational” decision-making model.   In managing the Fund’s level of investment risk, the Adviser utilizes RiskPro®, a software technology developed by ProTools, LLC, an affiliate of the Adviser. Based on proprietary algorithms, RiskPro® provides an estimate of the maximum range of gain or loss of a portfolio of securities over a forward-looking rolling twelve-month period. The higher the RiskPro® estimate, the greater the level of volatility that the Fund may experience over a twelve-month period. As a result, investors should consider investments that are designed to be aligned with their level of comfort with investment risk. RiskPro’s algorithms® take into account, among other factors, the volatility of the portfolio over the prior twelve months; a comparison of the portfolio’s volatility over the prior twelve-month period, to the volatility of the S&P 500 Index; and the long-term volatility of the S&P 500 Index.   There is no limit on the Fund’s maximum annual volatility. As estimated by RiskPro®, the Fund’s total return, over a twelve-month period, can exceed a loss or gain of more than 30%. The Fund is designed for investors that are willing to endure an amount of investment risk comparable to, or greater than, the volatility of the S&P 500, as the Fund’s returns can range from a loss in excess of 30% to a gain in excess of 30%. Depending on market conditions, the Fund’s potential gain or loss, as estimated by RiskPro®, may be below 30% from time to time.   The Adviser takes a strategic approach to investing and intends to maintain a reasonably aggressive allocation of investments, under normal market circumstances.