Leland Funds Launches International Advantage Fund

New fund seeks to provide return on capital through a combination of international equity exposure and active currency management

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The Leland Family of Funds

Sep 30, 2015, 08:58 ET

CHICAGO, Sept. 30, 2015 /PRNewswire/ -- The Leland Family of Funds, a provider of innovative investment solutions that complement traditional portfolio allocations, has introduced the Leland International Advantage Fund (LDAAX, LDACX, and LDAIX) (the "Fund"), which combines international equity exposure with active currency management. Launched on August 25th, the Fund is sub-advised by noted currency strategy manager FDO Partners.

"There is a growing recognition among investors of the need to diversify their portfolios internationally. At the same time, the recent strengthening of the U.S. Dollar has caused investors to ask how they should adjust to the dynamic trends in currency markets," said Portfolio Manager David Armstrong. "The Leland International Advantage Fund seeks to address both of these goals in an open-end fund that brings together long-only exposure to international equities and active currency management."

The Fund holds a combination of developed market equity exposure along with currency derivatives (typically forward contracts) that comprise approximately one-third of the portfolio. The goal of the Fund is to outperform the MSCI EAFE Index over a market cycle, striving to deliver a Beta of approximately 1.0 relative to developed equity markets, and carry currency exposure that will vary based upon the dynamics of the foreign exchange market.

Chief Investment Officer and Portfolio Manager Neil Peplinski added, "Many investors are not aware of the impact that currency price movements have on their international investments. This strategy has been developed to potentially address a risk that investors may not even know that they have, in an attempt to generate better returns."

For the currency management component, the Fund utilizes the same investment process as the Leland Currency Strategy Fund (GHCAX, GHCCX, GHCIX) which launched in May 2014 and has generated positive net-of-fee performance since inception. Please visit www.lelandfunds.com for recent performance statistics.

Paul Ingersoll, Chief Executive Officer of Cedar Capital, commented: "We are excited to be able to build upon the strength of the existing Leland Currency Strategy Fund and bring this distinct fund offering to the market for investors."

About the Leland Family of Funds

The Leland Fund Family offers innovative investment solutions that complement traditional portfolio allocations. Through its partnerships, Leland Funds include strategies which provide investors with opportunities beyond existing investment alternatives. Leland Funds are offered by Good Harbor Financial, LLC, a wholly-owned subsidiary of Cedar Capital, LLC. Good Harbor Financial, LLC is the investment adviser to the Leland International Advantage Fund and the Leland Currency Strategy Fund. Additional information and a Prospectus are available at Lelandfunds.com.

About FDO Partners

FDO Partners, LLC is a global investment manager dedicated to providing world-class investment advisory services. FDO's risk-focused investment approach is quantitatively rigorous and aims to transform data relationships into tradable systems. The firm's proprietary models develop forecasts by combining fundamental, technical, financial, and behavioral data from multiple sources, across multiple asset classes. In the development of its powerful suite of products, FDO has drawn on years of global markets investing experience, original academic research, and innovative business and research endeavors. FDO has been managing quantitative currency strategies since its inception in 1997 and enjoys one of the longest running track records in foreign exchange management. Additional information is available at fdopartners.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Leland Funds prior to investing. This and other important information about the Funds is contained in the prospectus, which can be obtained by calling 877-270-2848. The prospectus should be read carefully before investing. The Leland Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Good Harbor Financial, LLC is the investment adviser to the Leland Funds. Good Harbor Financial, LLC and FDO Partners are not affiliated with Northern Lights Distributors, LLC.

Effective July 2, 2015 The Good Harbor Tactical Currency Strategy Fund was renamed to Leland Currency Strategy Fund. The Leland Currency Strategy Fund (formally Good Harbor Tactical Currency Strategy Fund) Class A, C and I shares commenced operations on May 30, 2014.

Mutual Funds involve risks including the possible loss of principal. ETFs, ETNs and mutual funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. ETFs, ETNs and mutual funds are subject to issuer, fixed-income and risks specific to the fund.

Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards. The Fund may be particularly susceptible to economic, political, regulatory or other events or conditions affecting countries within the specific geographic regions in which the Fund invests.

Foreign currency forward contracts are a type of derivative contract whereby the Fund may agree to buy or sell a country's or region's currency at a specific price on a specific date in the future. Foreign currency forward contracts are individually negotiated and privately traded such that they are dependent upon the creditworthiness of the counterparty and subject to counterparty risk. The Fund's use of forward contracts may amplify losses such that the loss on leveraged transactions may substantially exceed the initial investment. Forward contracts may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations.

Investments in foreign currencies are subject to political and economic risks, civil conflicts and war and greater volatility. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates, imposition of currency controls and economic or political developments in the U.S. or abroad. The Fund may be particularly susceptible to economic, political, regulatory or other events or conditions affecting countries within the specific geographic regions in which the Fund invests.

As a non-diversified fund, the Fund may invest more than 5% of its total assets in the securities of one or more issuers. The Fund may invest in fixed income securities, including US Government Securities and sovereign bonds which are subject to changing financial conditions. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. The Fund allocates its investments between currencies and fixed income securities and among different asset classes within each category. Market conditions could cause these securities to fall in tandem, creating correlation risk. Issuers may not make interest or principal payments on securities, resulting in losses to the Fund. Overall fixed income and currency market risk, including volatility, may affect the value of individual instruments in which the Fund invests.

The Adviser's reliance on its strategy and its judgments about the value and potential appreciation securities in which the Fund invests may prove to be incorrect, including the Adviser's tactical allocation of the Fund's portfolio among its investments. The ability of the Fund to meet its investment objective is directly related to the Adviser's proprietary investment process.

The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada. The MSCI EAFE Index consists of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. Investments cannot be made directly in an index.

Glossary of Terms
Beta – Beta is a measure of the volatility, or systematic risk, of the composite portfolio in comparison to the market as a whole.
Forward Contract – A forward contract is a non-standardized contract between two parties to buy or sell an asset at a specific price at a certain future date.

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