Sierra Tactical Core Income Fund (SSIRX) Renamed

The Fund Has Been Renamed to Denote it's Mandate and Approach

Santa Monica, CA (May 14, 2018) – The Sierra Group of Companies has renamed its Strategic Income Fund to better reflect the fund’s tactical approach to conservative investing. Now known as the Sierra Tactical Core Income Fund (SSIRX), the fund will continue to be managed as it has been since its inception.

“Our focus at Sierra has always been on protecting against downside risk and on muting volatility,” said David Wright, co-founder and managing director at Sierra. “We use a tactical approach that dynamically allocates to a multitude of asset classes. By renaming this fund, we make it clear to our investors and potential investors that our approach is based on constant evaluation of the opportunities available to us in different asset classes. Our focus remains on providing investors with investment solutions that may allow them to reach their conservative goals.”

The fund utilizes an approach that is globally diversified, tactical, and focused on managing volatility and limiting the downside risk of the overall portfolio, while producing a satisfying return over the course of each market cycle. $10,000 invested in SSIRX at inception in 2011 would be worth $13,139.55, an average annual return of 4.36% as of March 31, 2018, for the Class R shares, compared to 2.21% for the Barclays Aggregate Bond Index.

The managers utilize a proprietary trailing stop-loss approach, allowing the fund to function as a total low-volatility income solution. Each allocation decision must serve one or both of the fund’s two goals: to enhance total return and/or to reduce the overall volatility and downside risk of the portfolio.

Mutual Funds involve risk including possible loss of principal.

The inception date of the Sierra Tactical All Asset Fund is December 27, 2011.

The performance data quoted here represents past performance for Class R Shares (symbol SIRRX), and are net of total annual operating expenses of the Class R Shares (see below). For performance numbers current to the most recent month end, please call toll-free 866-728-4363 or visit sierramutualfunds.com. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment in the fund will fluctuate, so that investors’ shares, when redeemed, may be worth more or less than their original cost. The total annual operating expenses, including expenses of the underlying funds (estimated at 0.83% per year) are 2.18% for Classes A and I, 2.78% for Class C and 1.78% for Class R.

About The Sierra Companies

The Sierra Group of Companies ("Sierra") comprises Sierra Investment Management, Inc., Ocean Park Asset Management Inc., and Wright Fund Management, LLC, which manages the Sierra Mutual Funds, which include the Sierra Tactical All Asset Fund and Sierra Tactical Core Income Fund.

Since 1987 Sierra has been helping retirees and other conservative investors preserve and grow their wealth. Through the years, Sierra has fine-tuned an investment approach specifically designed to try to limit downside risk and to provide satisfying returns over a market cycle by reflecting Sierra’s current market and manager views. Using decades of strategic research and proven risk management disciplines, Sierra strives to help its clients meet their specific investment goals.

As of March 31, 2018, Sierra manages or advises over $3.2 billion in assets for conservative clients.

Neither Sierra Investment Management, Inc., Ocean Park Asset Management, Inc. nor Wright Fund Management LLC are affiliated with Northern Lights Distributors, LLC.

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6478-NLD-5/11/2018