Northern Lights’ Anchor Tactical Municipal Fund announces details

By Toni Weeks

San Luis Obispo, Calif., Dec. 12 – Northern Lights Fund Trust gave details in an N-1A filing with the Securities and Exchange Commission about its upcoming new Anchor Tactical Municipal Fund. The fund’s prospectus date is Dec. 15.

The fund seeks to maximize total return, which is comprised of interest that is exempt from federal income taxes and capital appreciation.

Under normal market conditions, it primarily takes long and short positions with respect to securities that are highly correlated to the municipal bond market based on long-, intermediate- and short-term trends. Such securities will include exchange-traded funds, closed-end funds and mutual funds that invest in different segments of the municipal bond market, including high-yield bonds.

Garrett Waters and Erik Leake are the portfolio managers.

The fund’s shares trade under the symbol “ATMBX.”

There is no sales load. Including management fees of 1.65%, and taking into account a fee waiver and reimbursement agreement with the investment adviser, total annual fund operating expenses are expected to be 2.89%.

Gig Harbor, Wash.-based Genesis Capital LLC is the investment adviser to the fund.

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