OVERVIEW

Fund Statistics

Ticker Symbol:LFTAX
CUSIP Number:66538E101
Inception Date: July 5, 2000 
Total Net Asets as of 09/30/2014:183.2M
 Net Asset Value (NAV) 10/17/2014:$25.93
Expense Ratio:2.08%
Portfolio Turnover:11%
 Minimum Initial Purchase:$10,000
 Minimum Subsequent Purchase:$500
 Minimum Purchase IRA:$5,000
 Sales Charge:2.5%
 Redemption Charge:2%
 Number of Holdings:13
 Fact Sheet

Lifetime Achievement Fund (LFTAX)

NORTHERN LTS FD TR III (NASDAQ: LFTAX) declared a dividend of $0.2055 per share payable on December 17, 2013 to shareholders of record as of December 16, 2013.


 

FUND MANAGEMENT

Roland Manarin

Aron Huddleston

FUND OBJECTIVE

The Lifetime Achievement Fund seeks long-term capital appreciation and growth of investment.

There is no guarantee that the fund will meet its objective.

 

Investors should consider the investment objectives, risks, charges, and expenses of the Lifetime Achievement Fund carefully before investing. This, and other information, is found in the prospectus. For a copy of the prospectus, contact Lifetime Achievement Fund at 888-339-4230 or download the prospectus. Please read the prospectus carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA. Northern Lights Distributors, LLC and Manarin Investment Counsel, Ltd. are not affiliated.

As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.

High-yield, high-risk securities, commonly called "junk bonds," are considered speculative. While generally providing greater income than investments in higher-quality securities, these lower-quality securities will involve greater risk of loss of principal and income that higher-quality securities, including the possibility of default or bankruptcy of the issuer of the security. Like other fixed income securities, the value of high-yield securities will also fluctuate as interest rates change.

The value of the Fund will fluctuate based on changes in the value of the equity securities in which the Investment Funds invest. Common stock prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political, or market conditions.

When the Fund invests in fixed income securities including Investment Funds that invest in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Defaults by fixed income issuers in which the Fund invests will also harm performance.

Currency investing involves market risk, interest rate risk, and country risk. Market risk results from adverse price movement of foreign currency values. Interest rate risk arises whenever a country changes its stated interest rate target associated with its currency. Country risk arises because virtually every country has interfered with international transactions in its currency.

The Fund could be subject to greater risks because the Fund's performance may depend on issues other than the performance of a particular company or U.S. market sector. Changes in foreign economies and political climates are more likely to affect the Fund than a mutual fund that invests exclusively in U.S. companies. The value of foreign securities is also affected by the value of the local currency relative to the U.S. dollar.

The price of gold may be volatile and gold bullion and gold coins are subject to storage and other expenses.

Investment Funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in open-end investment companies and ETFs and may be higher than other mutual funds that invest directly in securities. Each Investment Fund is subject to specific risks, depending on its investments. The Fund's investments in the "Alternative Asset" market segment, which the Fund defines to include commodity-related, foreign currency-related, and real estate-related, may be more volatile than other Fund investments.

The Fund may engage in hedging or speculation activities by investing in inverse Investment Funds. Positions in inverse securities are speculative and can be riskier than "long" positions (purchases). The market value of ETF shares may differ from their net asset value. This difference in price may be due to the fact that the supply and demand in the market for ETF shares at any point in time is not always identical to the supply and demand in the market for the underlying basket of securities.

By borrowing money, the Fund incurs the risk that interest expenses may exceed the returns on the securities purchased with borrowed funds. If the value of the securities purchased declines, the Fund would face decreased returns as well as the costs of the borrowing. Borrowing may magnify the effect on the Fund's NAV of any decrease in the value of the securities it holds.

Small-cap and mid-cap companies may be more vulnerable to adverse business or economic developments than larger, more established organizations. These companies may have limited product lines, markets, or financial resources, and they may be dependent on a limited management group.

Sovereign government issuers of debt may be unable or unwilling to make interest and principal payments because of factors such as tax revenue shortfalls or the inability to refinance maturing debt in local or global capital markets.

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0021-NLD-01/03/2014