The Toews Funds group was created to increase access to investment strategies that have been available to private investors for over 14 years.

Our funds are designed to track market indices during rising markets, but attempt to exit indices and replicate money market instruments during falling markets. Our research shows that virtually all market declines of significance are preceded by periods of negative, more moderate price decreases. Our Dynamic Hedging strategy attempts to exit an asset during this preliminary phase of a decline, before large losses are realized.

By building these funds into portfolios advisors are able to address the possibility of severe declines while still maintaining desired allocations to equity markets.

The Fund may invest in small, less well-known companies, which may be subject to more erratic market movements than large-cap stocks; foreign securities, which are subject to currency fluctuations and political uncertainty; and derivative securities, covered call and put option risk which may carry market, credit, and liquidity risks. These risks may result in greater share price volatility. The Fund may invest in ETF’s. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in ETF shares and may be higher than other mutual funds that invest directly in stocks and bonds. You will indirectly bear fees and expenses charged by ETF’s in addition to the Fund’s direct fees and expenses.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Toews Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 877-863-9726. The prospectus should be read carefully before investing. The Toews Funds are distributed by Northern Lights Distributors, LLC. 0456-NLD-4/6/2010