Northern Lights Fund Trust announces BTS Diversified Income Fund

By Toni Weeks

San Luis Obispo, Calif., Feb. 12 - Northern Lights Fund Trust gave details on its upcoming BTS Diversified Income Fund in an N-1A filing with the Securities and Exchange Commission.

The fund will seek to generate current income with capital preservation as a secondary objective and will invest primarily in income-producing securities.

The fund invests about 30% of its assets in high-yield bond securities, 30% in income-producing securities and 40% in long/short positions. Of the latter, 30% will be inverse high-yield bond securities and 10% inverse U.S. government bonds.

Vilis Pasts and Matthew Pasts are co-portfolio managers of the fund.

The fund will offer class A and class C shares. Ticker symbols were not included in the filing.

Shareholder fees consist of a 5% sales load and 1% deferred sales load for class A shares and a 1% redemption fee for class A and class C shares held less than 30 days.

Management fees are 0.75%. Including other fees, total annual fund operating expenses are expected to be 1.97% for class A and 2.72% for class C shares.

Lexington, Mass.-based BTS Asset Management, Inc. will act as the fund's investment adviser.

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