PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. MUTUAL FUNDS INVOLVE RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THERE IS NO ASSURANCE THAT THE FUND WILL ACHIEVE ITS INVESTMENT OBJECTIVE.
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. The Fund’s investment advisor has contractually agreed to reduce its compensation and/or reimburse expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, any class-specific fees and expenses, interest, extraordinary items, “Acquired Fund Fees and Expenses” (as defined in the Prospectus) and brokerage commissions, do not exceed 0.79% (on an annual basis) of the Fund’s average daily net assets. The Advisor has contractually agreed to reduce its fees and/or reimburse expenses of the Fund until at least 7/29/2016. This agreement may be terminated only by the Fund's Board of Trustees on 60 days written notice to the Advisor. 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. For performance information current to the most recent month end, please call toll-free 1.888.643.3431.
The Gross/Net expense ratio for the Fund is as follows: Class I: 1.09%/0.79%. The Gross Net Expense Ratio for the Equinox Systematica Macro Fund does not include costs associated with any over the-counter derivatives utilized by the Fund. As of 3/31/2015, the aggregate weighted average management fees and weighted average incentive/performance fees were approximately 1.00% or notional exposure and up to 20% of trading profits, respectively. The Fund was indirectly subject to estimated derivative counterparty fees of up to 0.60%. For more information, please see “Annual Fund Operating Expenses” included in the Fund’s prospectus.
Investors should carefully consider the investment objectives, risk, changes, and expenses of the Fund. This and other important information about the Fund are contained in the respective Prospectus or Summary Prospectus, which can be obtained by calling 1.888.643.3431. The Prospectus or Summary Prospectus should be read carefully before investing.
Please visit the fund detail page for additional risk information.
Offered through Equinox Group Distributors, LLC, Member FINRA.
47 Hulfish Street, Suite 510, Princeton, NJ 08542
The fund above is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Equinox Group Distributors, LLC, is not affiliated with Northern Lights Distributors, LLC.