Ascendant Funds

Ascendant Funds

Patriot Balanced

Patriot Balanced Fund Performance

S&P 500 TR — The S&P 500 has been widely regarded as the best gauge of the large cap U.S. equities market since the index was first published in 1957. The index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. Please visit http://www.standardandpoors.com/indices for further information.

BofA Merrill Lynch US Corporate & Government Index (B0A0) — This index measures total return on taxable U.S. corporate and government bonds, including price and interest income, based on the total mix of these bonds in the market.  This index is often used as reference for the performance of a taxable corporate and government mix.

Unmanaged index returns do not reflect fees, expenses, or sales charges.  You cannot invest directly in an index.  The index shown is for informational purposes and is not reflective of an investment in any Ascendant fund.  

Performance Disclosure:  
The maximum sales charge (load) for Class A is 5.75%.  Total Annual Fund Operating Expense: Class A 2.28%, Class C 3.03%, and Class I 2.03%
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses until at least January 31, 2017, to ensure that net annual, operating expenses will not exceed 2.35%, 3.10%, and 2.10% for Class A, C and I shares respectively, subject to possible recoupment from the Fund in future years. Without these waivers, total annual operating expenses would be 3.39%, 4.14%, and 3.14% for Class A, C, and I shares respectively. Results shown reflect the waiver, without which the results could have been lower. For more current performance information, please call toll-free 855-527-2363 or visit our website, http://www.ascendantfunds.com.

Prospectus Disclosure:
Investors should carefully consider the investment objectives, risks, charges and expenses of the Ascendant 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.

7137-NLD-3/22/2016