Bull Path Long Short Fund Performance

Class I: BPFIX

Growth of $1,000

Additional Statistics and Return Data

Historic Returns

Return Statistics

Quantitative Statistics

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year
2010	-2.38%	2.55%	1.03%	-1.23%	-	-	-	-	-	-	-	-	-0.10%
2009	2.43%	0.11%	-0.58%	0.05%	1.32%	1.58%	0.94%	-1.87%	1.24%	-0.17%	2.67%	1.58%	9.60%
2008	-2.18%	-3.78%	-1.03%	1.90%	2.76%	-3.89%	-0.04%	0.74%	-5.48%	-10.50%	-2.95%	-0.68%	-23.02%
2007	1.33%	0.65%	1.15%	2.25%	2.51%	1.12%	-1.36%	1.70%	2.76%	1.03%	-1.62%	0.07%	12.11%
2006	1.88%	1.52%	2.25%	1.85%	-0.85%	-0.12%	-2.19%	2.34%	1.84%	-0.20%	5.14%	0.83%	15.04%
2005	1.69%	1.08%	0%	-0.73%	1.60%	3.34%	3.49%	0.90%	0.36%	-0.90%	1.82%	0.86%	14.26%
2004	1.50%	2.63%	2.97%	1.77%	-0.68%	-0.91%	1.27%	-2.73%	1.29%	-2.06%	2.26%	1.67%	9.15%
2003	1.75%	-1.36%	4.26%	-0.65%	5.56%	3.47%	1.60%	2.86%	2.44%	3.15%	1.96%	0.82%	28.90%
2002	-	-	-	-	-	-	-	-	-	3.83%	0.60%	2.79%	7.37%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The maximum front end sales charge is 5.75% and the CDSC for Class C shares is 1.00% and the maximum annual operating expense ratio is 2.50%. For performance data current to the most recent month end, please call 1-888-899-2726. Holdings are subject to change. The S&P 500 is an index of common stock prices and is generally considered representative of the U.S. stock markets. This index has been selected to represent an appropriate benchmark to compare the funds performance to that of a well-known and widely recognized index. You cannot invest in this index.

Current performance may be higher or lower than that quoted. Performance may reflect slight rounding errors.

Mutual funds involve risk including possible loss of principal.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Bull Path Funds. Mutual Funds involve risk including possible loss of principal. This and other information about the Fund is contained in the prospectus, which can be obtained at www.bullpathfunds.com or by calling 888-899-2726. The prospectus should be read carefully before investing. The Bull Path Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC.

0689-NLD-5/28/2009