Global Innovations Fund

A Share: GNXAX, C Share: GNXCX, I Share: GNXIX

Objective: To achieve long‐term growth of capital.

Primary Goals and Key Reasons to Invest:

  • Global Growth Opportunity: We believe growth in robotics for workplace automation has reached a tipping point towards wide-scale adoption Global spending on robotics is rapidly expanding.
  • Thematic Investment Opportunity: The AlphaCentric Global Innovations Fund (GNXAX) is the first actively managed mutual fund dedicated to automation and robotics. The Fund is diversified by company industry sector country market capitalization and style and acts as a complement to a diversified equity portfolio.
  • Long-term Growth of Capital: The Fund employs proprietary, bottom up research to identify companies worldwide with innovation technologies such as robotics and automation companies and potential for long‐term out-performance.
  • Disciplined Strategy: The Fund will concentrate its investments (i.e. invest more than 25% of its assets) in the machinery and electrical equipment industries. The Fund may invest without limit in companies located anywhere in the world and under normal conditions at least 40% of the Fund’s assets will be in securities of issuers domiciled in at least countries outside of the United States.

Minimum Investment: $2,500, Subsequent Investment: $100

8157-NLD-9/27/2018

Income Opportunities Fund

A Share: IOFAX, C Share: IOFCX, I Share: IOFIX

Objective: To achieve current income and total return by implementing an alpha-driven, “principles-based” investment process focusing on complex and hard to source asset-backed securities.

Primary Goals and Key Reasons to Invest:

  1. Non-Agency RMBS Focus: The Fund focuses on non-agency residential mortgage-backed securities (RMBS), although the Fund can invest where management finds value. The management team’s clearly-defined, niche focus is the core of the RMBS strategy’s success.
  2. Strong Track Record*: The Sub-Advisor has managed a substantially similar strategy that has consistently met its objective of current income while outperforming its benchmark.
  3. Private Asset Backed Exposure: Unique sourcing to high coupon, well-capitalized proprietary deal flow may lead to additional alpha.

Alpha: A measure of the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta.

* See Prospectus for historical performance. Past performance is no guarantee of future results.

Minimum Investment: $2,500, Subsequent Investment: $100

Asset Rotation Fund

A Share: ROTAX, C Share: ROTCX, I Share: ROTIX

Objective: To achieve long-term capital appreciation with less overall risk than the equity market by implementing a disciplined, rules-based investment process tactically focusing on global asset class ETFs experiencing the greatest strength.

Primary Goals and Key Reasons to Invest:

  1. Tactical and Flexible: The Fund seeks to allocate to the global asset class exchange traded funds (ETFs) experiencing the most strength each month. The goal is to generate superior risk-adjusted returns in any economic environment.
  2. Downside Protection: If the proprietary screens used to rank the strength of each asset class demonstrate weakness in equities, the Fund may invest only in U.S. Treasury Bond ETFs, potentially limiting equity market drawdowns.
  3. Disciplined Strategy: We use a proprietary, rules-based approach to select the global asset class ETFs demonstrating the most strength.

Minimum Investment: $2,500, Subsequent Investment: $100

Bond Rotation Fund

A Share: BDRAX, C Share: BDRCX, I Share: BDRIX

Objective: To achieve long-term capital appreciation and total return through various economic and interest rate environments by implementing a disciplined, rules-based process tactically focusing on the global bond asset class ETFs experiencing the most strength.

Primary Goals and Key Reasons to Invest:

  1. Tactical and Flexible: The Fund tactically invests in the global bond asset class exchange traded funds (ETFs) experiencing the most strength each month. The goal is to generate superior risk-adjusted returns in any economic and interest rate environment.
  2. Seeks Downside Protection: If the proprietary screens used to rank the strength of each bond asset class demonstrate weakness, the Fund may invest only in U.S. Treasury Bond ETFs and/or cash, potentially limiting drawdowns.
  3. Disciplined Strategy: We use a proprietary, rules-based approach to select the global bond asset class ETFs demonstrating the most strength.

Minimum Investment: $2,500, Subsequent Investment: $100

Hedged Market Opportunity Fund

A Share: HMXAX, C Share: HMXCX, I Share: HMXIX

Objective: To achieve capital appreciation with lower overall volatility than the equity market.

Primary Goals and Key Reasons to Invest:

1. Capital Appreciation: Capital Appreciation: The Fund seeks to provide capital appreciation in all market conditions. Since inception, the Fund has weathered volatile financial markets without large drawdowns.
2. Low Correlation: The Fund seeks returns that are uncorrelated to equity markets through a strategy that profits from options time decay, changes in options volatility, options volatility arbitrage, and price and options volatility mean reversion.

Minimum Investment: $2,500, Subsequent Investment: $100

IMPORTANT RISK DISCLOSURES

Investing in the Fund carries certain risks. The Fund is a relatively new fund and has limited performance history. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives and the resulting high portfolio turn‐over may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed those experienced by funds that do not use futures contracts and options strategies. To the extent the Fund invests in the stocks of smaller‐sized companies, the Fund may be subject to additional risks, including the risk that earnings and prospects of these companies are more volatile than larger companies. Smaller‐sized companies may experience higher failure rates than larger companies and normally have lower trading volume than larger companies. These factors may affect the value of your investment. The Fund is non‐diversified and as a result, changes in the value of a single security may have significant effect on the Fund’s value. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in the Fund. These factors may affect the value of your investment. Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxations and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investment in emerging markets. Emerging market securities tend to be more volatile and less liquid than securities traded in developed countries.