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

Net Asset Value Per Share (NAV)

The market worth of a mutual fund's total resources - securities, cash and any accrued earnings - after deduction of liabilities, divided by the number of shares outstanding. It is normally the price at which shares are redeemed.

No-Load Mutual Funds

Mutual funds offered directly to the public at net asset value with no sales charge.

Nominal Yield

The annual interest rate payable on a bond specified in the indenture and printed on the face of the certificate itself (if it is a bearer bond). Also known as the coupon rate.

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