Investors should carefully consider the investment objectives, risks, charges and expenses of the Balter Funds. This and other important information about the Funds is contained in the prospectus, which can be obtained at www.balterliquidalts.com or by calling 844-322-8112. The prospectus should be read carefully before investing. The Balter Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.
References to other mutual funds or products should not be interpreted as an offer of these securities. Fund Holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified and may hold a significant percentage of its assets in the securities of fewer companies, and therefore events affecting those companies have a greater impact on the Fund than on a diversified fund. The Fund may use derivatives which may not perform as anticipated by the Sub-Advisers, may not be able to be closed out at a favorable time or price, or may increase the Fund’s volatility. Increases and decreases in the value of the Fund’s portfolio may be magnified when the Fund uses leverage. The fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. When the Fund invests in ETF’s or mutual fund’s, it will bear additional expenses based on its pro rata share of the ETF’s or mutual fund’s operating expenses, including the potential duplication of management fees. The Fund also will incur brokerage costs when it purchases ETFs. The value of the Fund’s investments in REITs may change in response to changes in the real estate market such as declines in the value of real estate, lack of available capital or financing opportunities, and increases in property taxes or operating costs.
Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investing in foreign securities exposes investors to economic, political and market risks, and fluctuations in foreign currencies. These risks are enhanced in emerging markets. The fund may invest in the securities of small and medium sized companies. Small and medium company investing subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies. Investments in IPOs can be volatile and can fluctuate considerably. IPOs can have a magnified impact on funds with a small asset base. Certain Sub-Advisers may be purchasing securities at the same time other Sub-Advisers may be selling those same securities, which may lead to higher transaction expenses compared to the Fund using a single investment management style.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha.
The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
3392-NLD-6/3/2015 | 3643-NLD-9/2/2015 | 3906-NLD-12/21/2015 | 3914-NLD-12/30/2015 | 7132-NLD-3/21/2016 | 7211-NLD-4/11/2016 | 7306-NLD-5/4/2016 | 7371-NLD-5/23/2016 | 7646-NLD-8/5/2016 | 7681-NLD-8/11/2016 | 7695-NLD-8/17/2016 | 7827-NLD-10/13/2016 | 6278-NLD-2/16/2017