|Class A||Class A w/Load||Class C||Class I|
|Benchmark||S&P 500 TR||S&P 500 TR||S&P 500 TR||S&P 500 TR|
|Inception Date||September 30, 2013||September 30, 2013||September 30, 2013||September 30, 2013|
- Seeks total return from capital appreciation with an emphasis on income
- Tactically adjusts sector / industry exposures to seek enhanced risk adjusted returns
- Invests in businesses that we believe generate strong, stable cash flows
- Seeks to generate an attractive current dividend yield
- Flexibility to reduce equity exposure during less favorable environments
- Options trading attempts to accelerate returns, or to limit downside or to generate income
- Risk managed at portfolio level to a CVaR of 1.1 times the SP500TR (at a 99% confidence interval)
Performance (net of fees)
As of: September 30, 2018
|GHTAX Class A||0.61%||-1.97%||-1.31%||8.50%||-0.40%||-0.40%|
|GHTAX Class A w/Sales Load||-5.15%||-7.60%||-6.95%||6.40%||-1.58%||-1.58%|
*The Fund’s inception is September 30, 2013.
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||1.89%||1.48%|
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 1.40%, 2.15%, and 1.15%, 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)
2) Class C shares purchased prior to February 1, 2017 that are redeemed during the first 12 months may be subject to a contingent deferred sales charge in the amount of the commissions paid on the shares redeemed.
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%||4.25%||5.00%||4.25%||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|
Prior to February 1, 2017, the Leland Real Asset Opportunities Fund was named the Good Harbor Tactical Equity Income Fund.
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).
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 1.89%, 2.64%, and 1.64%. 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 1.48%, 2.23%, and 1.23% 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. 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 not affiliated with Northern Lights Distributors, LLC.
Mutual fund investing involves risks including the possible loss of principal.
There are numerous risks associated with transactions in options on securities. A decision as to whether, when and how to write options and purchase options under the Fund’s options strategy involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some degree because of market behavior or unexpected events.
ADRs are subject to many of the same risks as a direct investment in foreign companies including international trade, currency, political, regulatory and diplomatic risks. The value of the Fund’s investments in REITs is subject to real estate values, available capital or financing opportunities and increases in property taxes and operating costs.
The Fund may invest in derivatives and losses could result from the Fund’s investment in swaps, options, and futures. Derivative instruments may be illiquid, difficult to value and leveraged so that small changes may produce disproportionate losses. ETFs and ETNs are subject to issuer, fixed income and risks specific to the fund. The Fund may invest in fixed income securities, including US Government securities which are subject to changing financial and interest rate conditions. Issuers may not make principal payments resulting in losses to the Fund. Market conditions could cause these securities to fall in tandem, creating correlation risk. The Fund may invest directly or through ETFs in companies of any size capitalization, which may present more abrupt or erratic market movements than larger companies. As a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers. A higher portfolio turnover will result in higher transactional and brokerage costs and may result in higher taxes.
The Fund may invest in the basic material, energy and infrastructure industry, which could underperform the market due to adverse market conditions, legislative and regulatory changes, supply and demand and operational risks and other risks associated with a concentrated investment focus. The Fund may invest in MLPs directly or through ETFs or ETNs and include risks relating to energy prices, the market for energy commodities, and unique tax consequences.
The S&P 500 Total Return Index is the total return version of the S&P 500 Index which includes the effects of reinvested dividends. The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value representing all major industries. Investments cannot be made directly in an index and index returns do not reflect any fees, expenses or sales charges.