Investor Education

Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Fiduciary

A person who is vested with legal rights and powers to be exercised for the benefit of another person.

Forward Pricing

The means of determining a purchase or redemption price after receipt of a mutual fund or variable annuity order from a customer. All bid and asked prices are based on the next computed net asset value after receipt of the order.

Front End Load

A feature of Class A shares, a front end load is a commission or sales fee at the time that shares are purchased. The load is added to the net asset value of the shares when calculating the public offering price.

Before investing, please read the Fund's prospectus and shareholder reports to learn about its investment strategy and potential risks. Mutual Fund investing involves risk including loss of principal. An investor should also consider the Fund's investment objective, charges, expenses, and risk carefully before investing. This and other information about the Fund is contained in the fund's prospectus, which can be obtained by calling 1-800-662-4203. Please read the prospectus carefully before investing.

Distributed by Northern Lights Distributors, LLC, member FINRA.
Northern Lights and the Funds' Adviser, Tributary Capital Management, are not affiliated.

1129-NLD-8/4/2010