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Kurt Spieler, CFA®

November 18, 2016

NOT FDIC INSURED
May Lose Value
No Bank Guarantee
Not a Deposit
Not Insured By Any Federal Government Agency

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/SIPC.
Northern Lights and the Funds' Adviser, Tributary Capital Management, are not affiliated.

Tributary Funds
P.O. Box 219022
Kansas City, MO 64121-9022

(800) 662-4203

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