Alternative Solutions

Ticker Symbols:
A Shares            ASFFX
C Shares            ASFTX

CUSIP Numbers:
A Shares         66537T679
C Shares         66537T661

Minimum Investment:
· $5,000 non-qualified accounts
· $2,000 Retirement accounts
· $250 subsequent investments

Operating Expenses*:
A Shares           1.75%
C Shares           2.52%

*Plus acquired fund fees and short interest of 0.12% (when combined, the total fund expenses are 1.87% and 2.64%, respectively).

Fund Type:
Long/Short Allocation

Definitions:
Standard deviation is a statistical measurement of volatility based on historical returns. Correlation measures how closely two securities' movements are associated, ranging from 1.0 (highly correlated) to -1.0 (inversely correlated). Sharpe Ratio is a measure of risk adjusted returns and is the return less the risk-free rate divided by the standard deviation. Absolute Returns are generally positive returns in any market environment.

Before investing, please read the fund's prospectus and shareholder reports to learn about its investment strategy and potential risks. Mutual fund investing involves risk including loss of principal. An investor should consider the fund's investment objective, charges, expenses and risks carefully before investing. This and other information about the fund is contained in the fund's prospectus, which can be obtained by calling 1-877-277-6933. Please read the prospectus carefully before investing. Distributed by Northern Lights Distributors, LLC (member FINRA).

The Arrow Alternative Solutions Fund may not be suitable for all investors. The fund's use of derivatives such as futures, options and swap agreements may expose the fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. Investing in leveraged instruments will magnify any gains or losses on those instruments. Investing in commodity and currency related securities may be subject to greater volatility than investments in traditional securities. The fund's use of short selling involves increased risks and additional costs. Investing in small-cap securities, may have special risks associated including wider variations in earnings and business prospects than larger, more established companies. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit and inflation.