Hennion & Walsh Asset Management

Hennion & Walsh Asset Management, Inc. ("H&W"), a New Jersey corporation formed in 2003, serves as the Investment Adviser to the SmartGrowth® Mutual Funds. The Adviser is an affiliate of full-service broker/dealer Hennion & Walsh, Inc. Founded by Richard Hennion and William Walsh, Hennion & Walsh, Inc. has been serving clients as a full-service securities firm, specializing in municipal bonds since 1990. The firm has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime. The firm currently offers 12 unit investment trust ("UITs") under the SmartTrust™ brand, as well as managed money portfolios to both individuals and retirement plans. As of December 31, 2006, the adviser had $170 million in assets under management and its principal place of business is located at 2001 Route 46 Waterview Plaza, Parsippany, NJ 07054.

For more information on Hennion & Walsh Asset Management, please visit us at www.hennionandwalsh.com.

The SmartGrowth® MutualFunds is/are available to U.S. investors only and may not be available in all states. The SmartGrowth® MutualFunds is/are distributed by SEI Investments Distribution Co. SEI Investments Distribution Co. is not affiliated with Hennion & Walsh Asset Management, Inc. or any other affiliate.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund's prospectus which may be obtained by clicking here or by calling 1-888-465-5722. Please read the prospectus carefully before investing.

Mutual fund investing involves risk, including the possible loss of principal.

An investor will indirectly bear the operating expenses of the underlying ETFs in which the funds invest.

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