| Toews Agility Shares Managed Risk ETF |
|
Ticker Symbol: MRSK
Primary Listing Exchange for the Fund: NYSE Arca,
Inc. |
A Series of Northern Lights Fund Trust
Supplement dated February 10, 2025 to the Prospectus
dated August 28, 2024
______________________________________________________________________
Effective immediately, the following replaces the
performance table on page 5 of the Summary Prospectus and page 4 of the Prospectus:
Performance Table
Average Annual Total Returns
(For periods ended December 31, 2023)
| |
One
Year |
Since Inception
of the Fund |
| Return before taxes |
13.38% |
10.15% |
| Return after taxes on distributions |
13.22% |
8.43% |
| Return after taxes on distributions and sale of Fund shares |
8.04% |
7.54% |
| S&P 500 Total Return Index (reflects no deduction for fees, expense or taxes) |
26.29% |
15.35% |
| CBOE S&P 500 BuyWrite Index (reflects no deduction for fees, expense or taxes) |
11.82% |
9.82% |
After-tax returns are calculated using the highest
historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns
depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your
Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”).
The Fund’s primary benchmark index has been
changed to the S&P 500 Total Return Index because it is a more appropriate index given the Fund’s strategy and portfolio holdings.
The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S.
domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. CBOE S&P
500 BuyWrite Index is a benchmark index designed to show the hypothetical performance of a portfolio that engages in a buywrite strategy
using S&P 500 index call options. Investor cannot invest directly in an index.
--------------------------
The information in this supplement contains new
and additional information beyond that in the Prospectus and Statement of Additional Information (“SAI”), August 28, 2024.
This supplement should be read in conjunction with the Prospectus and SAI and should be retained for future reference.