|Funds||Prospectus||Statement of Additional Information||Fact Sheet|
|Patriot Balanced Fund|
|Deep Value Convertibles Fund|
|Tactical Yield Fund|
Investors should carefully consider the investment objectives, risks, charges and expenses of the Ascendant Funds. This and other important information about the Funds are 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 Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Ascendant Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.
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. The Fund’s adviser has not previously managed a mutual fund. Investments in underlying funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations. The Fund’s exposure to companies primarily engaged in the natural resource markets may subject the Fund to greater volatility than investments in a wider variety of industries. A higher turnover may indicate higher transaction costs and could result in higher taxes when Fund shares are held in a taxable account. Because the adviser screens out Terror Nations-related issuers, this will reduce the number of potential investments available to the Fund and the Fund may not perform as well as unrestricted funds.
There is no assurance that the Fund will achieve its objectives, generate positive returns, or avoid losses.