PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS. YOU CAN LOSE MONEY IN A MANAGED FUTURES PROGRAM.

*For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds’ monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Funds are in the relevant Prospectuses which can be obtained by calling 1.877.837.0600 The prospectus should be read carefully before investing.

Administration: For the Equinox MutualHedge Futures Strategy Fund, Equinox EquityHedge US Strategy Fund, and the Equinox Alternative Strategy Platform, Gemini Fund Services, LLC manages all accounting, administration, and compliance matters for the Trust. Gemini Fund Services, LLC is not affiliated with Equinox Fund Management, LLC or Equinox Institutional Asset Management LP. The mutual funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC.

Equinox Fund Management, LLC, Equinox Group Distributors, LLC, Equinox Institutional Asset Management, LP and Equinox Financial Solutions, LLC are not affiliated with Northern Lights Distributors, LLC, Gemini Fund Services, LLC, BNP Paribas Financial Services, LLC, or Phoenix American Financial Services, Inc.