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A Family of Alternative Mutual Funds


  • Long/Short U.S. Treasuries
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  • The Fund seeks to replicate the returns of the ProfitScore® Long/Short US Treasuries Index (the "Index").

 

Princeton Fund Advisors, LLC together with its affiliates, manages approximately $2.6 billion of assets for institutional and private clients worldwide. Princeton Fund Advisors, LLC is a Registered Investment Advisor ("RIA") with the SEC. The firm's two Investment Committee Members contribute more than 60 years of securities industry experience to the portfolio construction and management process.The Company has offices in Denver, Colorado and Minneapolis, Minnesota. Princeton Fund Advisors, LLC serves as Co-Advisor to the Fund.

 

FUND INFORMATION

Princeton
Long/Short Treasury Fund

 

PTAIX  - PTAAX

Princeton
Premium Fund

 

PPFIX - PPFAX

Eagle MLP
Strategy Fund

 

EGLIX - EGLAX - EGLCX

 

Deer Park
Fund

 

DPFNX - DPFAX - DPFCX

 

Athena Value
Fund

 

ATVIX - ATVAX

Alternative Strategy Long/Short U.S. Treasuries Option Premium Collection Strategy MLP and MLP related investments MBS/ABS Strategy Behavioral Equity
Active Strategy Management
Long-Short

 

 

Advisor/Co-Advisor Princeton Fund
Advisors
Princeton Fund
Advisors
Princeton Fund
Advisors

Eagle Global Advisors
Princeton Fund
Advisors
Princeton Fund
Advisors
Primary Sub-Advisor/Sub-Advisor   Horse Cove Partners, LLC

 

 

Deer Park Road Management Company AthenaInvest
Advisors
Targeted Strategy Allocations ‡ Tactical allocations to
long, short or neutral positions in U.S. Treasuries
S&P Index Options Mid-Stream Energy
Infrastructure
Deeply discounted, high yielding Mortgage Backed (MBS) and Asset Backed (ABS) Securities Concentrated Equity Portfolio
Minimum Initial/ Subsequent Investment

Class A: $2,500/$100

Class I: $100,000/$100

Class A: $2,500
Class I:  $100,000
Class A: $2,500/$100
Class C: $2,500/$100
Class  I:  $100,000/$1006
Class A: $2,500/$100
Class C: $2,500/$100
Class I:  $100,000/$1006
Class A: $2,500/$100
Class  I:  $100,000/$1006

Net Expense Ratio12345

Class A: 1.76%

Class I: 1.51%

Class A: 2.21%
Class  I:  1.96%
Class A: 1.65%5
Class C: 2.40%
Class  I:  1.41%

Class A: 2.27%

Class C: 3.02%
Class  I:  2.02%

Class A: 1.51%5
Class  I:  1.26%
Total Annual Operating Expenses before Fee Waiver & Reimbursement

Class A: 1.93%

Class I: 1.51%

Class A:  2.43%
Class  I:  2.18%
Class A:  1.73%5
Class C:  2.48%
Class  I:  1.48%

Class A: 3.28%

Class C: 4.03%
Class  I:  3.03%

Class A: 8.57%5
Class  I: 8.32%
Income Distribution At least Annually At least Annually Quarterly Quarterly At least Annually
Fund Type Alternative
Investment Fund
Alternative
Investment Fund
Alternative
Investment Fund
Alternative
Investment Fund
Alternative
Investment Fund

 

 

 


Contact Us

 

By Phone

1.855.897.5390


By Mail

Princeton Fund Advisors
1580 Lincoln Street
Suite 680
Denver, CO. 80203

 

Email

info@princetonfundadvisors.com

 

Disclosures

Not all funds are available on all platforms. Alternative investments may not be suitable for all investors and there is no guarantee that any investment product will achieve its objectives, generate profits or avoid losses.

 


 

The Funds pursue their strategies through investments in securities that access returns of the managers described above. Portfolio holdings, investment strategies, and allocations are presented to illustrate examples of investment allocations the advisor expects the Funds to have and the diversity of areas in which the Funds may be invested, and may not be representative of the Funds' current or future investments. Portfolio holdings are subject to change and should not be considered investment advice. Managers Accessed/Allocation & Strategy Percentages may not add up to 100% due to rounding. Of course, there is no guarantee that any investment will achieve its objectives, generate profits or avoid losses.

 


 

  1. Princeton Long/Short Treasury Fund. Princeton Fund Advisors, LLC has contractually agreed to waive management fees and to make payments to limit Fund expenses, until at least February 28, 2018 so that the total annual operating expenses (exclusive of any (i) front-end or contingent deferred loads, (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with investments including investments in other collective investment vehicles or derivative instruments (for example options fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; and (vii) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, contractual indemnification of Fund service providers (other than the Adviser))) do not exceed 1.50% and 1.25% of average daily net assets attributable to Class A and Class I shares, respectively. Please review the Fund's Prospectus for more detail on the expense waiver.
  2. Princeton Premium Fund. The Fund's investment advisor has contractually agreed to waive management fees and to make payments to limit Fund expenses until November 30, 2017. After this fee waiver, the expense ratios are 2.21%, 2.96% and 1.96% for the Class A, C and I shares, respectively. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years. The Fund's total annual operating expenses are 2.43%, 3.18% and 2.18% for the Class A, C and I shares, respectively. Please review the Fund's Prospectus for more detail on the expense waiver.
  3. Eagle MLP Strategy Fund. The total annual fund operating expenses are Class A 1.75%, Class C 2.50% and Class I 1.51%. The Fund's investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until August 31, 2017. Total annual operating expenses after fee waiver are Class A 1.66%, Class C 2.41% and Class I 1.41%. The maximum sales load for Class A is 5.75%. Please review the Fund's Prospectus for more detail on the expense waiver.
  4. Deer Park Fund. The Fund's investment advisor has contractually agreed to waive management fees and to make payments to limit Fund expenses. After this fee waiver, the expense ratios are 2.24% and 1.99% for the Class A and I shares, respectively. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years. The Fund's total annual operating expenses are 2.49% and 2.24% for the Class A, and I shares, respectively. The maximum sales load for the Class A shares is 5.75%. Please review the Fund's Prospectus for more detail on the expense waiver.
  5. Athena Value Fund. The Fund's investment advisor has contractually agreed to waive management fees and to make payments to limit Fund expenses until August 31, 2017. After this fee waiver, the expense ratios are 1.51%, 2.26% and 1.26% for the Class A, C and I shares, respectively. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years. The Fund's total annual operating expenses are 8.57%, 9.32% and 8.32% for the Class A, C and I shares, respectively. The maximum sales load for the Class A shares is 5.75%. Please review the Fund's Prospectus for more detail on the expense waiver.
  6. Class A Sales Charge. Maximum sales charge for Class A is 5.75%. Class A Share investors may be eligible for a reduction in sales charge.
  7. PFA Mutual Fund I Shares. These investment minimums may be waived by the advisors.

 

* These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years on a rolling three year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved within the foregoing expense limits. This agreement may be terminated only by the Fund's Board of Trustees, on 60 days written notice to the advisor(s). "Fee Waiver" information can be found in the "Management" section of the Prospectus.

 


 

Investors should carefully consider the investment objectives, risks, charges and expenses of Princeton Fund Advisors alternative strategy mutual funds. This and other important information is contained within the individual Fund's Prospectus, which can be obtained by calling (888) 868-9501. The Fund Prospectus should be read carefully before investing. Eagle MLP Strategy Fund, Princeton Premium Fund, Athena Value Fund and Deer Park Fund are distributed by Northern Lights Distributors LLC, member FINRA. Princeton Fund Advisors and Northern Lights Distributors LLC are not affiliated.

 

MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.

 

Princeton Long/Short Treasury Fund
Mutual Funds involve risk including the possible loss of principal. 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. The value of the Fund's investments in fixed income securities, whether via direct investment or through Underlying Funds, will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities.

The Fund's use of futures involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund. Overall fixed income, and derivatives market risks may affect the value of the Fund. While the Fund is not designed to be correlated with the markets in general, dramatic or abrupt volatility within the market would negatively impact the Fund's strategy.

Model Risk: Like all quantitative analysis, ProfitScore's directional trading model used to create the ProfitScore® Long/Short U.S. Treasuries Index carries a risk that it might be based on one or more incorrect assumptions. The model may not accurately predict the direction of the value of US Treasuries. Rapidly changing and unforeseen market dynamics could also lead to a decrease in the effectiveness of the model. The Fund is not designed to participate in or be correlated to overall movements of the markets; therefore the Fund may not benefit from positive equity or fixed income markets, or experience the same type of positive returns as some other funds in a positive equity or fixed income market environment. As a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers. The Fund's performance may be more sensitive to any single economic, business, political or regulatory occurrence than the value of shares of a diversified investment company.

Underlying Funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. A higher portfolio turnover may result in higher transactional and brokerage costs associated with the turnover which may reduce the Fund's return, unless the portfolio assets traded can be bought and sold without corresponding commission costs. The Fund is a new and prior to its recent commencement of operations had no history of operations for investors to evaluate.

 

Princeton Premium Fund
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. The value of the Fund's investments in fixed income securities will fluctuate with changes in interest rates. Options involve risks possibly greater than the risks associated with investing directly in securities. There is no guarantee that the sub-adviser's options strategy will be effective or that suitable transactions will be available. The Fund uses options to increase the Fund's combined long and short exposure which creates leverage, which can magnify the Fund's potential for gain or loss. The Fund expects its premium collection options strategy to be market neutral and therefore the Fund does not expect to participate fully in positive markets which may not generate positive returns as intended. Liquidity risk may prevent the Fund from selling illiquid securities at an advantageous time or price, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations. As a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers. Dramatic or abrupt volatility within the market would negatively impact the Fund's premium collection options strategy. The Fund's return may not match the return of the S&P 500 Index because it is not investing the equity securities that comprise such index. The Fund incurs operating expenses not applicable to the Index, and incurs costs in buying and selling securities. The Fund is a new mutual fund and prior to its recent commencement of operations had no history of operations for investors to evaluate. The adviser's and any sub-adviser's judgments about the long-term returns the Fund may generate through its principal investment strategies may prove to be incorrect and may not produce the desired results. The Fund's principal investment strategies may not achieve their intended results and each strategy could negatively impact the Fund.

 

Eagle MLP Strategy Fund
Investments in MLPs involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and the MLP's general partner, cash flow risks, dilution risks and risks related to the general partner's limited call right. If, in any year, the Fund fails to qualify as a regulated investment company under the applicable tax laws, the Fund would be taxed as an ordinary corporation, which may result in a reduction of the value of your investment. The Fund focuses its investments in the energy infrastructure sector, through MLP securities. Due to focus in this sector, the performance of the Fund is tied closely to and affected by developments in the energy sector and may be subject to greater volatility than investments in a wider variety of industries.

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. The Fund's distribution policy is not designed to guarantee distributions that equal a fixed percentage of the Fund's current net asset value per share. ETNs are subject to credit risk and their value will be influenced by time to maturity, supply and demand, volatility and lack of liquidity in underlying commodities markets, changes in interest rates, changes in the issuer's credit rating, and economic, legal, or political events. 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. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. MLP-related structured notes involve tracking risk, issuer default risk and may involve leverage risk.

 

Deer Park Fund

ABS, MBS, RMBS and CMBS Risk: ABS, MBS, RMBS and CMBS are subject to credit risk because underlying loan borrowers may default. Because ABS are typically backed by consumer loans, their default rates tend to be sensitive to the unemployment rate and overall economic conditions. RMBS default rates tend to be sensitive to these conditions and to home prices. CMBS default rates tend to be sensitive to overall economic conditions and to localized commercial property vacancy rates and prices. Certain individual securities may be more sensitive to default rates because payments may be subordinated to other securities of the same issuer. Additionally, ABS, MBS, RMBS and CMBS are subject to prepayment risk because the underlying loans held by the issuers may be paid off prior to maturity. The value of these securities may go down as a result of changes in prepayment rates on the underlying mortgages or loans. During periods of declining interest rates, prepayment rates usually increases and the Fund may have to reinvest prepayment proceeds at a lower interest rate. CMBS are less susceptible to this risk because underlying loans may have prepayment penalties or prepayment lock out periods.
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. In addition, the credit quality of securities held by the Fund may be lowered if an issuer's financial condition changes. Lower credit quality may lead to greater volatility in the price of a security and in shares of the Fund. Lower credit quality also may affect liquidity and make it difficult for the Fund to sell the security. Default, or the market's perception that an issuer is likely to default, could reduce the value and liquidity of securities held by the Fund, thereby reducing the value of your investment in Fund shares. In addition, default may cause the Fund to incur expenses in seeking recovery of principal or interest on its portfolio holdings. Credit risk also exists whenever the Fund enters into a foreign exchange or derivative contract, because the counterparty may not be able or may choose not to perform under the contract. When the Fund invests in foreign currency contracts, or other over-the-counter derivative instruments (including options), it is assuming a credit risk with regard to the party with which it trades and also bears the risk of settlement default. These risks may differ materially from risks associated with transactions effected on an exchange, which generally are backed by clearing organization guarantees, daily mark-to-market and settlement, segregation and minimum capital requirements applicable to intermediaries. Transactions entered into directly between two counterparties generally do not benefit from such protections. Relying on a counterparty exposes the Fund to the risk that a counterparty will not settle a transaction in accordance with its terms and conditions because of a dispute over the terms of the contract (whether or not bona fide) or because of a credit or liquidity problem, thus causing the Fund to suffer a loss. If a counterparty defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease. In addition, to the extent the Fund deals with a limited number of counterparties, it will be more susceptible to the credit risks associated with those counterparties. The Fund is neither restricted from dealing with any particular counterparty nor from concentrating any or all of its transactions with one counterparty. The ability of the Fund to transact business with any one or number of counterparties and the absence of a regulated market to facilitate settlement may increase the potential for losses by the Fund.

 

Athena Value Fund
The net asset value of the Fund will fluctuate based on changes in the value of the securities in which the Fund invests. The Fund invests in securities which may be more volatile and carry more risk than some other forms of investment. The price of securities may rise or fall because of economic or political changes. Security prices in general may decline over short or even extended periods of time. Market prices of securities in broad market segments may be adversely affected by price trends in energy.
Small and Medium Capitalization Company Risk: The value of small or medium capitalization company securities may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market in general. These companies may have narrower markets, limited product lines, fewer financial resources, and they may be dependent on a limited management group. Investing in lesser-known, small and medium capitalization companies involves greater risk of volatility of the Fund's net asset value than is customarily associated with larger, more established companies.

 

PRINCETON FUND ADVISORS
Princeton Fund Advisors, LLC is an SEC-registered investment advisor that advises alternative strategy mutual funds that may pursue investment returns through a combination of managed futures, equity long short, fixed income and/or other investment strategies.

 

6663-NLD-5/5/2017