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

Value Investing

A process of identifying stocks that are undervalued in terms of price or other financial measurements with above average growth potential.

Voluntary Accumulation Plan

An informal mutual fund investment program allowing a customer to arrange purchases in frequency and numbers of dollars at his own choosing, yet providing him with benefits normally available only to larger investors. Sales charge percentage requirements are constant throughout the life of the plan and therefore, the plan is sometimes called a Level Charge Plan.

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