Lafayette, Louisiana, January 13, 2021 – The biblically responsible Issachar Fund (ticker: LIONX) grew assets from $11 million to over $50 million as of year-end 2020. The actively managed mutual fund delivered returns of 26.19% for the year of 2020, and successfully attracted $32.4 Mil of net new assets from investors buying into the fund. (See complete list of returns below).
Importantly, LIONX achieved these quality returns with a maximum drawdown of only -9.87%, buffering investors from much of the stock market’s volatility and declines as the world wrestled through the onset of the COVID-19 pandemic and contentious election cycle.
In addition to gaining assets from investors seeking to benefit from the quality performance LIONX delivered, the fund also benefited from the growth of the biblically responsible investing(BRI) movement as Christian investors seek to align their portfolios to support biblical values. LIONX is an affiliate of Inspire Investing, a global leader in the BRI movement managing $1.3 billion in assets and is listed on the Inc. 5000 list of “Fastest Growing Private Companies In America”. The management team of LIONX has worked with Inspire since 2019 to help with the conversion of LIONX to biblically responsible investing and leverage Inspire’s broad network to get the word out about the fund.
“I am very pleased with the results we were able to deliver to shareholders in 2020,” commented Dexter Lyons, portfolio manager of LIONX, “Since we started working with Inspire Investing to convert the Issachar Fund to biblically responsible investing principles in 2019, we have seen compelling results from both a values and financial perspective, and our performance and inflows last year further my conviction that converting the fund to BRI was the right thing to do. To God be the glory!”
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. 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. For performance information current to the most recent month-end, please call toll-free 866-787-8355. Total gross annual fund operating expenses are 3.38%, which have been reduced to 1.98% net expenses until at least January 31, 2021, at which point the fee reduction may be extended.
ABOUT THE ISSACHAR FUND(TICKER: LIONX)
The Issachar Fund (LIONX) provides investors with the liquidity, convenience and ease of access of a mutual fund, combined with the institutional risk management qualities of a hedge fund. LIONX is a diversified, tactically managed mutual fund that seeks to provide moderate capital appreciation consistent with capital preservation in an attempt to limit life-altering market declines.
As an affiliate of biblically responsible investing leader Inspire Investing, the Issachar Fund is committed to investing in positive companies making the world a better place and avoiding investments in companies involved in unethical and immoral business practices. We believe this is the right thing to do, both for the world and for portfolio returns.
To learn more about the Issachar Fund, including fact sheets and performance data, visit www.IssacharFund.com.
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IMPORTANT RISK INFORMATION
Mutual Funds involve risks, including the possible loss of principal. An investment in the Fund may not be appropriate for all investors. The Adviser's judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. 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 Issachar Fund(LIONX). This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/ SIPC. Horizon Capital Management Inc.and Inspire Investing are not affiliated with Northern Lights Distributors,LLC.
NLD Review Code: 3048-NLD-1/12/2021