Triex Tactical Long/Short Fund (TLSNX)

• Prospectus
  
  
• Long/Short Account Application
  
  
• IRA & Roth IRA Application

Investors should carefully consider the investment objectives, risks, charges and expenses of the Triex Tactical Long/Short Fund. This and other important information about the Fund is contained in the prospectus, which can be viewed at www.triexfin.com or by calling 855-273-0869. The prospectus should be read carefully before investing. The Triex Tactical Long/Short Fund is distributed by Northern Lights Distributors, LLC, member FINRA.

Triex Financial Services, Inc. is not affiliated with Northern Lights Distributors, LLC.

Mutual Funds involve risk including the possible loss of principal.

Issuers may not make interest or principal payments, resulting in losses to the Fund. In addition, the credit quality of securities held by the Fund may be lowered if an issuer's financial condition changes.

When the Fund invests in fixed-income securities via Underlying Funds 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.

The Fund engages in hedging or declining-market strategies by investing in inverse Underlying Funds. Any strategy that includes inverse securities could cause the Fund to suffer significant losses. Underling Funds may employ leverage, which magnifies the changes in the underlying index upon which they are based. Securities of small and medium capitalization companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.

A higher portfolio turnover will result in higher transactional and brokerage costs. ETFs and mutual funds are subject to specific risks and 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 ETFs and mutual funds and may be higher than other mutual funds that invest directly in stocks and bonds.

10470 W. 163rd Pl., Orland Park, IL 60467 / (708) 645-8600 ... (0378-NLD-3/14/2012)