The Longboard Managed Futures Strategy Fund – WAVIX received 4 stars from Morningstar out of 119 Managed Futures funds for the 3-year period ending 3/31/16, based on risk-adjusted returns.
PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS NO GUARANTEE THAT ANY INVESTMENT WILL ACHIEVE ITS GOALS AND GENERATE PROFITS OR AVOID LOSSES.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Longboard Managed Futures Strategy Fund and the Longboard Long/Short Fund. This and other important information about each Fund is contained in their respective prospectus, which can be obtained by calling 855-294-7540. The prospectus should be read carefully before investing. The Longboard Managed Futures Strategy Fund and the Longboard Long/Short Fund are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.
Morningstar: Morningstar is an independent provider of financial information. Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s 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%, the next 22.5%, 35%, 22.5%, and bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. 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.