|Class A||Class A w/Load||Class C||Class I|
|Benchmark||US 3 Month LIBOR||US 3 Month LIBOR||US 3 Month LIBOR||US 3 Month LIBOR|
|Inception Date||May 30,2014||May 30,2014||May 30,2014||May 30,2014|
- Seeks to generate total return from capital appreciation
- Invests in foreign currency forwards and short duration fixed income securities
- Uses an objective modeling process designed to exploit opportunities in highly-liquid currency markets
- Assigns currency pairs based on short-term trading potential from model
- Manages the size of foreign currency positions to potentially achieve annualized target volatility
Performance (net of fees)
As of: September 30, 2018
|GHCAX Class A||-5.51%||-13.14%||-16.52%||-5.63%||0.33%|
|GHCAX Class A w/ Sales Load||-10.93%||-18.14%||-21.32%||-7.47%||-1.03%|
|GHCCX Class C||-5.66%||-13.70%||-17.12%||-6.33%||-0.32%|
|GHCIX Class I||-5.39%||-12.99%||-16.28%||-5.39%||0.49%|
NLD Code: 5325-NLD-11/9/2018
|Initial Investment||Subsequent Investment(s)||IRA Initial Investment||IRA Subsequent Investment(s)|
|Class A w/ Load||$2,500||$250||$1,000||$100|
|Total Expense Ratio||What you pay1|
|Class A w/ Load||2.08%||1.89%|
1)The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses until at least January 31, 2019 to ensure that net annual operating expenses of the Class A, C and I Shares will not exceed 1.75%, 2.50%, and 1.50%, respectively, subject to possible recoupment from the Fund in future years. Please review the Fund’s prospectus for more information regarding the Fund’s expense waiver.
|Class A||Class A w/ Load||Class C||Class I|
|Maximum Sales Charge (Load) Imposed on Purchases
(as a % offering price)
|Maximum Deferred Sales Charge (Load)
(as a % of original purchase price)
|Maximum Sales Charge (Load) Imposed on Reinvested Dividends
and other Distributions
(as a % of amount redeemed if held less than 30 days)
Sales Charge Schedule
|Class A||Class A w/ Load||Class C||Class I|
|Sales Charge||Dealer Concession||Sales Charge||Dealer Concession||Sales Charge||Dealer Concession||Sales Charge||Dealer Concession|
|$25,000 to $49,999||5.00%||4.75%||5.00%||4.75%||n/a||n/a||n/a||n/a|
|$50,000 to $99,999||4.75%||4.00%||4.75%||4.00%||n/a||n/a||n/a||n/a|
|$100,000 to $249.999||3.75%||3.25%||3.75%||3.25%||n/a||n/a||n/a||n/a|
|$250,000 to $499,999||2.50%||2.00%||2.50%||2.00%||n/a||n/a||n/a||n/a|
|$500,000 to $999,999||2.00%||1.75%||2.00%||1.75%||n/a||n/a||n/a||n/a|
|$1,000,000 and above||1.00%||1.00%||1.00%||1.00%||n/a||n/a||n/a||n/a|
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. For performance information current to the most recent month-end, please call toll-free 855-535-2631 (855-LELAND1).
Effective July 2,2015 The Good Harbor Tactical Currency Strategy Fund was renamed to Leland® Currency Strategy Fund. The Leland Currency Strategy Fund (formally Good Harbor Tactical Currency Strategy Fund) Class A, C and I shares commenced operations on May 30, 2014.
The maximum sales charge (load) for Class A is 5.75%. Without waivers, the Class A, C and I Shares total annual operating expenses would be 2.08%, 2.83%, and 1.83%. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses until at least January 31, 2019, to ensure that net annual, operating expenses of the Class A, C and I Shares will not exceed 1.89%, 2.64%, and 1.64% respectively, subject to possible recoupment from the Fund in future years. Please review the Fund’s prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions.
There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Leland Funds prior to investing. This and other important information about the Funds is contained in the prospectus, which can be obtained by calling 855-535-2631 (855-LELAND1). The prospectus should be read carefully before investing. The Leland Funds are distributed by Northern Lights Distributors, LLC, member “FINRA/SIPC. Good Harbor Financial, LLC is the investment adviser to the Leland Funds. Good Harbor Financial, LLC is not affiliated with Northern Lights Distributors, LLC.
Mutual Funds involve risks including the possible loss of principal. ETFs, ETNs and mutual funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. ETFs, ETNs and mutual funds are subject to issuer, fixed-income and risks specific to the fund.
Foreign currency forward contracts are a type of derivative contract whereby the Fund may agree to buy or sell a country’s or region’s currency at a specific price on a specific date in the future. Foreign currency forward contracts are individually negotiated and privately traded such that they are dependent upon the creditworthiness of the counterparty and subject to counterparty risk. The Fund’s use of forward contracts may amplify losses such that the loss on leveraged transactions may substantially exceed the initial investment. Forward contracts may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations.
Investments in foreign currencies are subject to political and economic risks, civil conflicts and war and greater volatility. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, imposition of currency controls and economic or political developments in the U.S. or abroad. The Fund may be particularly susceptible to economic, political, regulatory or other events or conditions affecting countries within the specific geographic regions in which the Fund invests.
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 may invest in fixed income securities, including US Government Securities and sovereign bonds which are subject to changing financial conditions. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. The Fund allocates its investments between currencies and fixed income securities and among different asset classes within each category. Market conditions could cause these securities to fall in tandem, creating correlation risk.
The Adviser’s reliance on its strategy and its judgments about the value and potential appreciation securities in which the Fund invests may prove to be incorrect, including the Adviser’s tactical allocation of the Fund’s portfolio among its investments. The ability of the Fund to meet its investment objective is directly related to the Adviser’s proprietary investment process.
Issuers may not make interest or principal payments on securities, resulting in losses to the Fund. Overall fixed income and currency market risk, including volatility, may affect the value of individual instruments in which the Fund invests.
The USD 3 Month LIBOR rate, or the London InterBank Offered Rate, represents the average rate at which leading banks borrow funds from other banks in the London market in U.S. Dollars at a maturity of 3 months, and is representative of short-term interest rates.