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A Family of Alternative Mutual Funds

 

Princeton Fund Advisors, LLC together with its affiliates, manages approximately $2.3 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

Eagle MLP
Strategy Fund

 

EGLIX - EGLAX - EGLCX

 

Deer Park Fund

 

DPFNX - DPFAX - DPFCX

 

Athena Value
Fund

 

ATVIX - ATVAX

Alternative Strategy MLP and MLP related investments MBS/ABS Strategy Behavioral Equity
Active Strategy Management
Long-Short

 

 

Advisor/Co-Advisor

Princeton Fund Advisors

Eagle Global
Advisors

Princeton Fund Advisors

Princeton Fund Advisors

Primary Sub-Advisor/Sub-Advisor

 

 

Deer Park Road Management Company

AthenaInvest Advisors

Targeted Strategy Allocations ‡

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 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

Ratio 12345

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

Class A: 2.24%

Class C: 2.99%
Class  I:  1.99%

Class A: 1.50%5
Class  I:  1.25%
Total Annual Operating Expenses before Fee Waiver & Reimbursement Class A:  1.73%5
Class C:  2.48%
Class  I:  1.48%

Class A: 2.49%

Class C: 3.24%
Class  I:  2.24%

Class A: 1.68%5
Class  I: 1.43%
Income Distribution Quarterly Quarterly At least Annually
Fund Type 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. The Fund may invest up to 25% of its total assets in a wholly-owned subsidiary, which will invest in underlying managed futures or global macro securities, as selected by Princeton Fund Advisors, with the aim of providing aggregate exposure to the managed futures or global macro sub-strategies and programs of the managers listed as if 100% of the Fund's net assets were invested in the selected managers' programs and sub-strategies. 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. All data as of 06/30/14.

 


 

  1. Eagle MLP Strategy Fund. Princeton Fund Advisors, LLC and Eagle Global Advisors, LLC have contractually agreed to waive management fees and/or to make payments to limit Fund expenses, until at least August 31, 2015 so that the total annual operating expenses (exclusive of any (i) any front-end or contingent deferred loads, (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short), (vi) taxes,  or (vii) extraordinary expenses such as litigation (which may include indemnification of Fund officers and Trustees or contractual indemnification of Fund service providers (other than an Advisor)) 1.65%, 2.40% and 1.40% of average daily net assets attributable to Class A, C and I shares, respectively.  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 Princeton Fund Advisors, LLC and to Eagle Global Advisors, LLC.
  2. Athena Value Fund. Princeton Fund Advisors, LLC has contractually agreed to waive management fees and to make payments to limit Fund expenses, until at least August 31, 2016, so that the total annual operating expenses (exclusive of any front-end or contingent deferred loads, (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example options and swap 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 Advisor)) do not exceed 1.50%, 2.25% and 1.25% of average daily net assets attributable to Class A, Class C and I shares, respectively. 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 fiscal year end in which 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 Princeton Fund Advisors, LLC.
  3. Deer Park Fund. The Trust, on behalf of the Fund, has entered into an operating expense limitation agreement with the Fund's advisor, pursuant to which Princeton Fund Advisors, LLC has contractually agreed to waive management fees and to make payments to limit Fund expenses, for at least one year from the effective date of this prospectus so that the total annual operating expenses (exclusive of certain fees or expenses) do not exceed 2.24%, 2.99% and 1.99% of average daily net assets attributable to Class A, Class C and Class I shares, respectively. The agreement excludes any front-end or contingent deferred loads, brokerage fees and commissions, acquired fund fees and expenses, fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees and contractual indemnification of Fund service providers (other than the advisor) from the expense limitation. 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 fiscal year end in which 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 Princeton Fund Advisors, LLC.
    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.
  4. 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.
  5. 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, Sandalwood Opportunity 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.

 

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.

 

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.

 

Deer Park 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. 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.

 

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.

 

6019-NLD-1/11/2016