LGFIX - Expense Ratio: 2.28%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until January 31st, 2011, to ensure that the net annual fund operating expenses will not exceed 2.5% subject to possible recoupment from the Fund in future years. Please review the Fund's prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month-end, please call toll-free 877-738-9888.

Mutual funds involve risk including the possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of The Lacerte Guardian Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 877-738-9888. The prospectus should be read carefully before investing. The Lacerte Guardian Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. 1522-NLD-12/30/2009.