_ Global
_ Multi-Strategy
_ Multi-Manager
_ Liquid Core Hedge Fund replication

Diversified Risk Parity Fund (DRP Fund) provides hedge fund return stream replication with actively managed risk overlays in a fully liquid alternative mutual fund structure.

_ Historical performance in a broad range of market environments
_ Low correlation to traditional asset classes
_ Institutional level strategies and policies
_ Active management to separate market index returns and add skill to investment performance

_DRP Fund is not a hedge fund, nor does it invest directly into hedge funds. DRP investment strategy utilizes a broad array of liquid instruments to replicate the return streams generated by a bespoke portfolio of hedge fund of funds. In this way, DRP Fund seeks to emulate the risk profile and performance behavior of the hedge fund industry without allocating directly into hedge fund managers.

The fund seeks capital appreciation with lower volatility than broad equity markets. The fund invests long or short across a broad array of traditional asset classes, alternative asset classes, and derivatives using the advisor's proprietary "diversified risk parity" strategy.

For more information, or to request an application and prospectus, please call 855-DRP-5155.

DRP Fund is managed by Risk Paradigm Group, an SEC Registered Investment Advisor.
866-726-5150 | www.riskparadigmgroup.com

Prospectus Disclosure
Investors should carefully consider the investment objectives, risks, charges and expenses of the Diversified Risk Parity Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 855-DRP-5155. The prospectus should be read carefully before investing. The Diversified Risk Parity Fund is distributed by Northern Lights Distributors, LLC member FINRA.

Risk Paradigm Group, LLC and Northern Lights Distributors, LLC are not affiliated.

Risk Disclosure
Mutual Funds involve risk including possible loss of principal. Alternative underlying funds risk are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in Alternative Underlying Funds and may be higher than other mutual funds that invest directly in stocks and bonds. Each Alternative Underlying Fund is subject to specific risks, depending on its investments, which may include leverage risk, default risk and derivative risk. Investing in the commodities markets may subject the Fund to greater volatility than investments in traditional securities. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional r isks that it would not be subject to if it invested directly in the securiti es and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, political instability and differing auditing and legal standards. In addition to the risks generally associated with investing in securities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues. A rise in interest rates causes a decline in the value of fixed in come securities. The value of fixed income securities typically falls when an issuer's credit quality declines and may even become worthless if an issuer defaults. Foreign securities denominated in non-US dollar currencies will subject the Fund to currency trading risks that include market risk and country risk. Real estate values rise and fall in response to a variety of factors, inclu ding local, regional and national economic conditions, interest rates and tax considerations. The Fund will incur a loss as a result of a short position if the price of the short position instrume nt increases in value between the date of the short position sale and the date on which the Fund purchases an offsetting position. The Fund's losses are potentially unlimited in a short position transaction. Stocks of small and medium capitalization companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.

1004-NLD-5/18/2011