Documentation - Boyar Asset Management

Boyar Value Fund

Investment Advisor
Boyar Asset Management, Inc
32 West 39th Street
9th Floor
New York, NY 10018

Administrator
Gemini Fund Services, LLC
4221 North 203rd Street, Suite 100
Elkhorn, Nebraska 68022-3474

Distributor
Northern Lights Distributors, LLC
4221 North 203rd Street, Suite 100
Elkhorn, Nebraska 68022-3474

Fund Risk Disclosures

Mutual funds involve risk including possible loss of principal.

The Boyar Value Asset Fund is a diversified, open-end management investment company. The Fund primarily invests in equity securities traded on domestic exchanges and/or in the over-the-counter markets, which may include equities of foreign issuers listed on domestic exchanges while using a “Buy and Hold” strategy. The Principal Risks of Investing include, but are not limited to; the following: Value Investment Risk, Selection Risk, and Market Risk. There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. Please read the prospectus carefully before investing.

Prospectus Disclosure

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of this fund carefully before investing. The prospectus contains this and other information relevant to an investment in the fund. Please read the accompanying prospectus carefully before you invest or send money. If a free prospectus did not accompany this literature, please contact your securities representative or the Boyar Value Fund, 32 West 39th Street, 9th Floor, New York, NY 10018, 212-995-8300.