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MUTUAL FUNDS INVOLVE RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL. Investors should carefully consider the investment objectives, risks, charges and expenses of the Grant Park Managed Futures Strategy Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by calling (855) 501-4758. The Prospectus should be read carefully before investing. The Grant Park Managed Futures Strategy Fund is distributed by Northern Lights Distributors, LLC member FINRA. Knollwood Advisors, R.J. OBrien Fund Management, LLC, and Northern Lights Distributors are not affiliated. Investing in the commodities markets may subject the Fund to greater volatility than investments in traditional securities. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Derivative instruments involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. In general, the price of a fixed income security falls when interest rates rise. Currency trading risks include market risk, credit risk and country risk. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. Using derivatives to increase the Funds combined long and short exposure creates leverage, which can magnify the Funds potential for gain or loss. Short positions may be considered speculative transactions and involve special risks, including greater reliance on the advisors ability to accurately anticipate the future value of a security or instrument. Underlying Funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in an Underlying Fund. The Subsidiary will not be registered under the Investment Company Act of 1940 ("1940 Act") and, unless otherwise noted in the Prospectus, will not be subject to all of the investor protections of the 1940 Act. There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.