Ascendant Funds

Ascendant Funds

Ascendant Funds*

Ascendant Balanced Fund

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.

 

Ascendant Deep Value Convertibles Fund

The Ascendant Deep Value Convertibles Fund is designed to potentially meet the income needs of investors in today’s low-yield environment while still maintaining the opportunity for capital gains. The fund employs a proprietary research process that focuses on investing in convertible securities that typically have a conversion premium of 50% or greater. By doing this, the conversion factor holds little to no value at time of investment but the advisor believes the resultant portfolio has the potential to provide a higher yield and lower equity sensitivity to most other convertibles strategies.

 

Ascendant Natural Resources Fund

The Ascendant Natural Resources Fund provides investors access to a professionally managed portfolio consisting of stocks of companies operating in natural resource industries such as oil & gas, precious metals, agriculture, timber, and other “hard asset” commodities.  Natural resource equities tend to be an attractive equity asset class during an inflationary environment. 

 

Patriot Fund

The Patriot Fund is a terror-free investment portfolio of U.S. large cap equity securities that aims for superior risk adjusted returns versus the S&P 500 over multiple market cycles. The Patriot Fund was created to give individual investors the same opportunity to divest their portfolios of companies operating in nations designated as state sponsors of terrorism that institutions have had for years. The Advisor believes that divestment of terror-related stocks, in addition to being a patriotic act, can help minimize Global Security Risk in a portfolio and potentially improve the portfolio’s risk/reward statistics.  

*Each mutual fund is registered with the SEC as an open-end investment company under the Investment Company Act of 1940.

Prospectus Disclosure:
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. 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. 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.