PFLWX — RiskPro Aggressive 30+ Fund

PFLWX Fund Overview

PFLWX — RiskPro Aggressive 30+ Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Northern Lights Fund Trust
• Category: Capital Appreciation / Growth Allocation
• Assets under management: $98.78M
• Ticker: PFLWX
• SEC CIK: 0001314414
• SEC series ID: S000058600
• Share class ID: C000192507

PFLWX Investment Objective and Strategy

RiskPro Aggressive 30+ Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.

Investment objective

The Fund seeks aggressive growth.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing more than 80% of the Funds assets in the SA Funds Investment Trust (Loring Ward Underlying Funds), a family of mutual funds managed by LWI Financial Inc. (Loring Ward). In selecting Loring Ward Underlying Funds to purchase or sell, on behalf of the Fund, the Adviser utilizes research services provided by Loring Ward. The research provided by Loring Ward includes information and analysis that focuses on asset class investing. Asset classes are groups of securities with similar risk characteristics, like small company stocks, large company stocks and international bonds. Asset class investing attempts to capture the performance of a specific market segment, unlike index investing that attempts to replicate the performance of an index.

Loring Wards research may exclude certain types of securities, such as highly regulated utilities, REITs, or recent IPOs where Loring Ward believes such securities are not likely to perform consistent with the broad factors driving those asset classes. In reviewing and implementing the information provided by Loring Ward, the Adviser uses a proprietary investment analysis called Rational Analysis. The Advisers Rational Analysis investment approach relies on Fundamental Analysis, Technical Analysis, and Quantitative Studies in selecting positions. Technical Analysis: This method attempts to forecast future price movement by analyzing historical price patterns. Fundamental Analysis: This method is used to evaluate what a securitys intrinsic value should be by examining related economic, financial, and other qualitative and quantitative factors.

The outcome of this analysis can then be compared to the securitys current value to determine if it is over or underpriced. Quantitative Analysis: This method analyzes historical price patterns and relationships between securities in an effort to create an optimal portfolio, which is the highest level of expected return for each level of risk. Rather than using one of the above methods exclusively, the Adviser seeks to integrate the optimal elements of each method into a Rational decision-making model. With respect to the overall asset allocation of the Fund, the Adviser invests in Loring Ward Underlying Funds without regard to market capitalization, style, sector, or country exposure; and fixed-income securities, issued by domestic and foreign corporations and government entities, of any maturity or credit quality including high yield bonds (also known as junk bonds).

The Adviser may also invest in Loring Ward Underlying Funds that invest in liquid alternative/specialty securities or cash equivalents. The percentage of the Funds net assets allocated to equities, fixed-income securities, liquid alternative/specialty securities, and cash equivalents will vary. In addition, in managing the Funds level of investment risk, the Adviser utilizes RiskPro, a software technology developed by ProTools, LLC, an affiliate of the Adviser, and unaffiliated with Loring Ward. Based on proprietary algorithms, RiskPro provides an estimate of the maximum range of gain or loss of a portfolio of securities, over a forward-looking rolling twelve-month period. The higher the RiskPro estimate, the greater the level of volatility that the Fund may experience over a twelve-month period.

As a result, investors may select investments that are designed to be aligned with their level of comfort with investment risk. RiskPros algorithms take into account, among other factors, the volatility of the portfolio over the prior twelve months; a comparison of the portfolios volatility over the prior twelve-month period to the volatility of the S&P 500 Index; and the long-term volatility of the S&P 500 Index. Loring Ward Underlying Funds investment philosophy are not considered aggressive growth, however the Advisers investment management overlay intends to pursue an aggressive growth strategy. As a result, there is no limit on the Fund's maximum annual volatility. That is, as estimated by RiskPro, the Funds total return, over a twelve-month period, can exceed a loss or gain of more than 30%.

The Fund is designed for investors that are willing to endure an amount of investment risk comparable to, or greater than, the volatility of the S&P 500, as the Funds returns can range from a loss in excess of 30% to a gain in excess of 30%. Depending on market conditions, the Funds potential gain or loss, as estimated by RiskPro, may be below 30% from time to time. The Adviser takes a strategic approach to investing, and intends to maintain a reasonably aggressive allocation of investments, under normal market circumstances.

PFLWX Costs and Fees

PFLWX costs about $287 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.87%
• Gross expense ratio: 2.87%
• Portfolio turnover: 42%
• Brokerage commissions: 1.05 bps of average net assets (SEC N-CEN)

PFLWX Cashflows

Over the 12 months to 2020-04, RiskPro Aggressive 30+ Fund had net inflows of $48.06M, from monthly SEC N-PORT filings.

PFLWX Debt Constituents

No individual debt constituents are reported in RiskPro Aggressive 30+ Fund's latest SEC N-PORT filing.

PFLWX Prospectus and SEC Filings

Official RiskPro Aggressive 30+ Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-05
• Prospectus (485BPOS) — filed 2018-08-30
• Prospectus (485BPOS) — filed 2017-09-20
• Portfolio holdings (N-PORT) — filed 2020-06-26
• Portfolio holdings (N-PORT) — filed 2020-03-26
• Portfolio holdings (N-PORT) — filed 2019-12-23
• Annual census (N-CEN) — filed 2020-07-14
• Annual census (N-CEN) — filed 2019-07-15

Related Funds

Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:

• Catalyst/Millburn Hedge Strategy Fund (MBXAX)
• Roundhill Magnificent Seven ETF (MAGS)
• SPDR Bridgewater All Weather ETF (ALLW)
• Capital Appreciation Value Fund (JCAVX)
• Goldman Sachs Growth Strategy Portfolio (GGSIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.