Northern Lights Fund Trust’s Princeton Adaptive Premium Fund prospectus dated August 28 sets expense limits of 1.75% for Class A, 2.50% for Class C and 1.50% for Class I shares. Investors can use the stated limits, share minimums and cost examples to assess the fund’s expenses and access requirements.

Key Highlights

  • The fund intends to allocate 30% to 100% of net Assets between S&P 500 Index put-option transactions and fixed-income securities.
  • Class I shares require a $100,000 initial investment, while subsequent investments in any class require $100.
  • The fund’s cost example shows 10-year expenses of $9,141 for Class A, $9,266 for Class C and $9,024 for Class I.

Northern Lights Fund Trust sets the fee structure and Investment mandate for the Princeton Adaptive Premium Fund in a prospectus dated August 28, 2026. The fund’s adviser has agreed to cap total annual operating expenses at 1.75% for Class A shares, 2.50% for Class C shares and 1.50% for Class I shares. The expense agreement runs until at least January 31, 2028. The fund seeks Capital appreciation and income.

Expense Caps Through 2028

Princeton Fund Advisors, LLC will waive management fees and make payments intended to keep annual operating expenses within the stated limits for each share class. The limits exclude items such as brokerage commissions, acquired fund fees, certain investment-related costs, borrowing costs, taxes, Merger or reorganization expenses and extraordinary expenses. Amounts waived or reimbursed may be recovered from the fund during a rolling three-year period, subject to the applicable expense limits. The prospectus cost illustration assumes a $10,000 investment, a 5% annual return and Redemption at the end of each period. Under those assumptions, Class A costs are $747 after one year, $3,314 after three years, $5,414 after five years and $9,141 after 10 years. Class C costs are $258 after one year, $3,079 after three years, $5,348 after five years and $9,266 after 10 years. Class I costs are $158 after one year, $2,848 after three years, $5,060 after five years and $9,024 after 10 years.

S&P 500 Options Strategy

The prospectus says Derivatives can expose the fund to risks including changes in interest rates, securities prices and currency markets that differ from the portfolio managers’ expectations. Derivative positions may also have imperfect relationships with the assets or rates they are intended to hedge. Other stated risks include limited secondary-market liquidity, exchange price limits, counterparty nonperformance and losses that can exceed the initial investment, with potential losses described as unlimited in some cases. The fund may use derivatives for non-hedging purposes to seek to increase total return. The prospectus characterizes that use as speculative and says it may involve greater loss risk than hedging activity. The fund also invests in fixed-income securities.

Share Access and Management

Class A and Class C shares each carry a $2,500 minimum initial investment. Class I shares require $100,000, while subsequent investments in any Share Class have a $100 minimum. The fund may waive those thresholds at its discretion. Class C shares are not currently offered. Greg D. Anderson and Zachary Slater are jointly and primarily responsible for the fund’s day-to-day portfolio management. Anderson is the adviser’s manager and president, while Slater is its senior vice president. Anderson beneficially owns more than $100,000 in the fund’s Equity securities. Slater’s holdings fall within the $1 to $50,000 range, based on the ownership table dated April 30, 2026.