Ascendant Funds

Ascendant Funds

Patriot Balanced

Objective

 

 

To provide long-term capital appreciation through current income, preservation of capital, and the opportunity for growth of principal and income.

 

Investment Strategy

 

The Ascendant Balanced Fund provides investors with a diversified portfolio of both equity and fixed income securities that the manager believes are attractively valued.  Based on the Investment Committee’s macroeconomic outlook the fund’s asset allocation shifts amongst equity and fixed income strategies that are managed internally by Ascendant.

 

Investment Process

 

 

 

 

 

The fund employs Ascendant’s proprietary investment research and portfolio management processes that have been continually developed and improved over the past four decades.

 

Stocks: The equity strategies in the fund employ a proprietary, quantitative approach to investment research that utilizes both value and momentum investment styles.

 

Fixed Income: The fixed income strategy is a risk/barbell approach achieved by opportunistically shifting between a high yielding, deep value convertible strategy and investment-grade fixed income strategy.

 

 

Asset Allocation

Prospectus Disclosure:
Investors should carefully consider the investment objectives, risks, charges and expenses of the Patriot Balanced Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at http://www.ascendantfunds.com or by calling 855-527-2363. The prospectus should be read carefully before investing. The Ascendant Balanced Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Ascendant Advisors, LLC. is not affiliated with Northern Lights Distributors, LLC.

Risk Disclosure:
Mutual Funds involve risk including the possible loss of principal. The Fund’s investments in convertible securities subject the fund to the risks associated with both fixed-income securities and common stocks. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Investments in foreign securities could subject the Fund to greater risks including currency fluctuation, economic conditions, and different governmental and accounting standards. In general, the price of a fixed income security falls when interest rates rise. Investments in underlying funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations. A higher turnover may indicate higher transaction costs and could result in higher taxes when Fund shares are held in a taxable account.

There is no assurance that the Fund will achieve its objectives, generate positive returns, or avoid losses.