Investors should carefully consider the investment objectives, risks, charges and expenses of the FX Strategy Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-855-397-8728. The prospectus should be read carefully before investing. The FX Strategy Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. © FX Strategy Fund. Traub Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC


Mutual Funds involve risk including the possible loss of principal. There is no assurance that the Fund will achieve its investment objectives and that investment outcomes are unpredictable. 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. Currency-related forward, futures and swap contracts involve leverage risk, tracking risk and counterparty default risk. ETFs and mutual funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in ETFs and mutual funds. Typically, a rise in interest rates causes a decline in the value of fixed income securities. Currency investing and trading risks include market risk, credit risk and country risk. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. Using derivatives to increase the Fund's or an Underlying Fund's combined long and short currency exposure creates leverage, which can magnify the Fund's potential for gain or loss. Non-diversification risk, as the Fund is more vulnerable to events affecting a single issuer. The Fund will incur a loss as a result of a direct or Underlying Fund's short currency position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased.No amount of diversification or correlation canensure profits or prevent losses.

Definitions: Long and short position: A long (or long position) is the buying of a security such as a stock, commodity or currency with the expectation the asset will rise in value. In the context of options, it is thebuying of an options contract. A long position is the opposite of a short (or short position). A short is the selling of a security etc. that one doesn’t already own.

Volatility: volatility is thestandard deviation of a set of returns, a measure of howmuch returns fluctuate. This is often calculated into a more understandablemetricby annualizing it. To do thisit must be multiplied by an annualization factor based on the period used. The annualization factor is the square root of however many periods exist in a year. Commonly, the higher the volatility is, the riskier the security is.

Credit spreads: the difference between interest rates on U.S. Treasury securities and corporate bonds.


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