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Fund Overview

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Fund Overview

The Covered Bridge Fund was created with the goal of reducing risk during equity market volatility and extending income opportunities for investors.

Symbols
TCBIX & TCBAX
Share Class
I-Share
A-Share

At A Glance

  • Minimum Investment

    $100,000

  • Investment Style

    Large Value

  • Category

    Options-based

  • Share Class Inception Date

    10/01/13

  • Total Fund Assets as of 09/30/2024

    $109.9 Million

  • 3 Yr Return as of 09/30/2024

    6.32%

  • 5 Yr Return as of 09/30/2024

    7.23%

  • 10 Yr Return as of 09/30/2024

    6.46%

  • Minimum Investment

    $2,500

  • Investment Style

    Large Value

  • Category

    Options-based

  • Share Class Inception Date

    10/01/13

  • Total Fund Assets as of 09/30/2024

    $109.9 Million

  • 3 Yr Return as of 09/30/2024

    6.07%

  • 5 Yr Return as of 09/30/2024

    6.96%

  • 10 Yr Return as of 09/30/2024

    6.20%

Annual Principal Value and Payout

As of 09/30/2024

Ending Principal Payout Cumulative Payout
2014  $102,200  $11,234  $11,234
2015  $93,800  $5,330  $16,564
2016  $99,000  $7,242  $23,806
2017  $101,100  $7,687  $31,493
2018  $87,500  $10,104  $41,597
2019  $96,900  $6,391  $47,988
2020  $90,300  $4,248  $52,236
2021  $100,500  $7,581  $59,817
2022  $92,900  $8,071  $67,888
2023  $89,800  $7,907  $75,795
YTD 2024  $91,400  $5,362  $81,157

Simple Average of Annual Payout (2014-2023)= $7,580

Starting in 2018, the fund transitioned from distributing capital gains annually to distributing capital gains on a quarterly basis.

Top 10 Equity Holdings

as of 09/30/2024

Security Description Net Asset %
QUALCOMM 3.09%
Johnson & Johnson 2.95%
United Parcel Services 2.85%
Bristol-Myers Squibb 2.82%
Starbucks 2.66%
Pfizer 2.63%
Hershey 2.62%
Accenture 2.57%
US Bancorp 2.50%
Verizon Communications 2.49%

Investment Performance

as of 09/30/2024

Fund Name 3M YTD
Return		 1Y 3Y 5Y 10Y Since Inception
TCBIX 7.21% 8.09% 16.97% 6.32% 7.23% 6.46% 7.03%
TCBAX 7.21% 7.93% 16.65% 6.07% 6.96% 6.20% 6.76%
TCBAX with Load 1.53% 2.26% 10.59% 4.20% 5.81% 5.62% 6.24%
CBOE S&P 500 BUYWRITE INDEX – BXM 5.54% 13.55% 18.31% 6.39% 6.59% 6.25% 6.88%
Russell 1000 Value Total Return 9.43% 16.68% 27.76% 9.03% 10.69% 9.23% 10.00%
S&P 500® Index 5.89% 22.08% 36.35% 11.91% 15.98% 13.38% 13.86%
Performance data quoted above is historical. Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 855-525-2151
There is no assurance that the fund will achieve its investment objectives. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until February 1, 2025, the Fund’s gross total annual operating expenses would be 1.77% for Class A and 1.52% for Class I. The net annual fund operating expenses are 1.72% and 1.47% of the Fund’s average daily net assets for its Class A and Class I shares, subject to possible recoupment from the Fund in future years. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Maximum Sales Charge of 5.25%.

Important Risk Information:

Mutual funds involve risk including the possible loss of principal. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Covered Bridge Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.THECOVEREDBRIDGEFUND.com or by calling +1-855-525-2151. The prospectus should be read carefully before investing.

The Covered Bridge Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Stonebridge Capital Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

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