Inception Date - PDF document

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F und P r o f i l e _ A s of 9 /3 0 /20 20 Inception Date 12/31/2018 Style Tactical Income Benchmark Barclay ’ s US A ggregate Fund Overview The ACM Tactical Income Fund is designed as a core investment for investors seeking income generation, while also focusing on capital preservation. The fund employs a tactical strategy whic h aims to capture attr a c tive income opportu nities and mitigate downside risk when markets experi ence downturns. We strive to help our investors participate in the gains available from financ ial markets, while mitigating the do w nside ri sk The perform ance data q uo ted here repre sent s p a s t p e r formance. Curren t pe rf - ormance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future r esults. The inv estment return and principal value of an investment will fluct uate so tha t investor’s shares, wh e n r e d e emed, may be wor th m ore or less than their original cost. Actual Total Annual Fund Operating Expenses of 2. 25 % for Class A and 2.00 % for C lass I from the prospectus. The Fund’s investment adviser has contractually a greed to re du ce its fees and/or ab s o r b e x penses of the Fu nd, at least until April 30, 20 21 , to ensure that the net annual fund operating expenses will not exceed 2. 13 % for Class A shares and 1.88 % for Class I shares, subject to possible recoupment from the Fund in fu tu re years. Maximum s al e s c h a r ge for Class A s hare s is 5.75%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. For per f o rmance informat ion current to the most recent month - end, please call toll - fre e 844 - 798 - 3 83 3 Sector Weighti n gs _ _ A s of 9 /3 0 /20 20 ACM Tactical I n c ome Fund Class I TINIX | September 20 20 Fact Sheet Perform a nce ___ __ _____ _ __ _ As of 9 /3 0 /2020 Portfolio Mana g ement Jordan L. Kahn, CFA Chief Investment Officer There is no as s ur a n c e that the Fund will achieve its investment objectives. Mr. Kahn has 25 years of experience in the investment indus t ry serv in g as a sen i o r portfolio manage r , e q u i t y research analyst, and investment consultant. Mr. Kahn received his Master ’ s of Science in Financial Markets and Trading from the Stuart School of Business at the Illinois Institute of Technology. *As of 9 /3 0 / 20 9004 - NLD - 10 / 6 /2020 Telephone: (310) 696 - 2888 – Fax: (310) 388 - 0383 – 108 66 W i l shire Blvd., Ste. 1600, Los Angeles, CA. 9 0024 Investors should c arefully consider the investment objectives, risks, charges and expe nses of the ACM T act ic a l Income Fund. Th i s and other impo rtant information about the Fund is contained in

2 the prospec tus, which can be obtained b
the prospec tus, which can be obtained by calling 1 - 844 - 798 - 3833 . The pros pectus should be read carefully be fore investing. The T actical Income Fund is distributed by N ort he r n Lights Distribu t o rs, LLC , member FINRA/SIPC. Norther Lights Distributors, LLC and ACM Funds, LLC are no t affiliated. Mutual funds involve risk including possible loss of princi pal. Adverse changes in currency exchange rates may erode or reverse any po te n tial gains from t h e Fund ’ s Investments. ETF ’ s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks include liquidity risk, sec to r risk, as well as risks a ssociated with fixed income securities, re al es t ate investments, a n d commodities, to name a few. Investments in underlying funds that own s mall and mi d - ca pi talization companies may be more vulnerable than lar ger, more established organizat ions. Derivative in struments involve risks different f rom, or po s sibly great er tha n , the r isks associated with investing directly in securities and other tradi tional investments. Inv estments in foreign securities could subject the Fund to greater risks incl u ding, curren cy fl uc tuation, economic conditions, an d diff ere nt gover nmental and a c counting sta ndar ds. In addition to the risks ge nerally associated with investing in se curities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal system s t hat do no t p ro t ect share holders, e conomies based on only a few industries, and securities markets that trade a small number of issues. Investors bear the risk that the Fund may not be able to impl ement its investments strategies or attract s ufficient assets. Purcha sed p u t options may de c l i ne in value or expire worthless and may have imper fect correlati0on to the value of the Fund’s portfolio securities. Written call and put options may limit the Fund ’ s pa rticipation in equity market gain s and may amplify losses in m ark et de declines. The F u nd’s losses are potentially large in a written put or call transaction . If unhedged, written calls e xpose the Fund to potentially unlimited losses. The Fund w ill incur a loss as a result of a short position if price of the short po sit io n instrument incre a s es in value between the date of the short position sale and the date on which an off setting position is purchase. Short positions may be considered spe culative transactions and involve special risks, includ ing greater reliance on t he ab i lity to accuratel y antic ipate the future value of a security of instrument. The Fund ’ s losses are potentially large in a short position transaction . I nvestors are no t able to inve st directly in the indices referenced in this illustration and unmanage d i nd e x returns do not r e flect any fees, expenses or sales charges.