Effective today, NCM is pleased to announce the addition of non-transaction fee exchange traded funds (ETFs) as another available investment option to our SMA strategies.

Why have we made this change?

Our advisors have asked us for the last several years to add ETFs. We've heard your requests and we've done the research. And based on that research, we think you'll agree that the advantages ETFs offer will enable more effective management of your clients' investment dollars. These benefits include:

• Expands available investment options
• Lower cost- the expense ratio for these ETFs is lower than their mutual fund counterparts
• Greater freedom of action and flexibility for Niemann's Portfolio Management team
• Trading efficiency:  ETFs can be bought or sold at any time during market hours

Will the strategies still invest in mutual funds?

Yes. Mutual funds will remain as part of the investment options available within each strategy.

Which Niemann SMA products are currently affected by this enhancement?

·         Risk Managed

·         Equity Plus

·         Dynamic    

·         Dynamic International                   

Does the addition of ETFs signify a change in the Niemann investment process?

No! It's also important to note that Niemann's methodology is not changing as a result of adding ETFs. In fact, Niemann's proven investment process will be applied and executed with ETFs just as it is presently with mutual funds.

In closing, this is exciting news and we're convinced the ETF addition will make Niemann's strategies better able to respond to changes in the market.