Uncapped Nasdaq 100 (NDX) upside potential with a targeted limit on losses

Important Disclosures

The Fund seeks to provide a limit against significant market losses, generally targeting a maximum loss of approximately 18% per one-year rolling period. Actual losses may vary based on market conditions and the composition of the Fund’s options portfolio. While the Fund aims to limit losses at the end of each rolling period, there is no guarantee that it will achieve this target. The Fund’s overall performance may lag in relation to the Index due to its limited equity exposure and significant allocation to U.S. Treasury securities.

NDX is the ticker symbol for the Nasdaq-100 Index®, a market-capitalization-weighted index that measures the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market. The index serves as a widely recognized benchmark for large-cap growth stocks and cannot be invested in directly.

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses

* The Fund seeks to limit losses to approximately 18% over a twelve-month period, with each measurement period beginning following either (i) a risk-reduction trade, executed after gains, that reduces the Fund’s target allocation to its option sleeve, or (ii) the expiration or closure of option positions and subsequent re-establishment of option exposure.. Actual losses may vary based on market conditions and the composition of the Fund’s options portfolio. While the Fund aims to limit losses at the end of each rolling period, there is no guarantee that it will achieve this target.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 866-580-5464 or visit our website at www.SynthEquityfunds.com/SNTQ. Read the prospectus or summary prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Referenced Index Risk: The Fund invests in options contracts that are based on the value of the Index (or in ETFs that track the Index’s performance). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not. By virtue of the Fund’s investments in options contracts that are based on the value of the Index, the Fund may also be subject to the following risks:

General Risk: Investing involves risk, including loss of principal. The value of the fund’s shares, when redeemed, may be worth more or less than their original cost.

ETF Risk: While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective.

Indirect Investment Risk: The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.
Index Trading Risk: The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

Nasdaq 100 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

Fixed Income Investing Risks: The Fund will be subject to fixed income risks through its investments in U.S. Treasury securities. Changes in interest rates generally will cause the value of fixed-income and bond instruments held by Fund to vary inversely to such changes. The Fund may invest in short-term securities that, when interest rates decline, affect the Fund’s yield as these securities mature or are sold and the Fund purchases new short-term securities with lower yields.

Derivatives Risk: Derivatives may be more sensitive to changes in market conditions and may amplify risks.

Counterparty Risk: Counterparty risk is the likelihood or probability that a party involved in a transaction might default on its contractual obligation. Where the Fund enters into derivative contracts that are exchange-traded, the Fund is subject to the counterparty risk associated with the Fund’s clearing broker or clearinghouse.

High Portfolio Turnover Risk: The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses. Frequent trading may also cause adverse tax consequences for investors in the Fund due to an increase in short-term capital gains.

Non-Diversification Risk: Because the Fund is non-diversified, it may be more sensitive to economic, business, political or other changes affecting individual issuers or investments than a diversified fund, which may result in greater fluctuation in the value of the Shares and greater risk of loss.

New Fund Risk: The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. There can be no assurance that the Fund will grow to or maintain an economically viable size.

Call option is a contract that gives the buyer the right, but not the obligation, to buy a specific stock (or other asset) at a set price (called the “strike price”) before a certain date (the expiration date)

Options contract is simply an agreement between two parties that gives one side the right (but not the obligation) to buy or sell a specific asset — usually a stock — at a fixed price, within a set period of time.

Profit harvesting means systematically taking (realizing/locking in) gains from a position once a target profit level is reached.

Distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Northern Lights Distributors, LLC is not affiliated with Measured Risk Portfolios, Inc.