Patriot Balanced Fund

S&P 500 TR — The S&P 500 has been widely regarded as the best gauge of the large cap U.S. equities market since the index was first published in 1957. The index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. Please visit www.standardandpoors.com/indices for further information.

Total Annual Fund Operating Expense: Class A 2.28%, Class C 3.03%, and Class I 2.03%

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. For performance information current to the most recent month-end, please call toll-free 855-527-2363 or visit our website,www.ascendantfunds.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Ascendant Funds. This and other important information about the Funds are contained in the prospectus, which can be obtained at www.ascendantfunds.com or by calling 855-527-2363. The prospectus should be read carefully before investing. The Ascendant Funds are distributed by Northern Lights Distributors, LLC, member FINRA. Ascendant Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

Mutual Funds involve risk including the possible loss of principal. The Fund’s adviser has limited experience managing a mutual fund. Because the adviser screens out Terror Nations-related issuers, this will reduce the number of potential investments available to the Fund and the Fund may not perform as well as unrestricted funds.

There is no assurance that the Fund will achieve its objectives, generate positive returns, or avoid losses.