About the Al Frank Funds

Founded in 1977, AFAM Capital, Inc. is an independent, registered investment advisor. We exercise diligence and prudence in applying our value-based investment philosophy to help meet the investment goals and objectives of individuals, corporations and pension and profit sharing plans. We do this through the management of private accounts, as well as two mutual funds: the Al Frank Fund (VALUX) and the Al Frank Dividend Value Fund (VALDX). We also serve as the Editor of The Prudent Speculator. The newsletter was founded in 1977 and has been ranked by The Hulbert Financial Digest for total-return performance.

There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Al Frank Mutual Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.alfrankfunds.com or by calling 888.263.6443. The prospectus should be read carefully before investing. The Al Frank Funds are distributed by Northern Lights Distributors, LLC, member FINRA.

Al Frank Asset Management is not affiliated with Northern Lights Distributors, LLC.

 712-NLD-3/20/2013