AlphaCentric Robotics & Automation Fund

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AlphaCentric Robotics & Automation Fund,GNXIXGNXAXGNXCX Focuses on companies that design and build Robotics & Automation systems and components worldwide Seeks meaningful positions in smaller, innovative, high-growth companies Actively manages valuations, risk, and asset class volatility 2021 AlphaCentric Advisors ACPB GNX 03312021 4676-NLD-4/21/2021

Robotics Market ForecastThe Global Robotics Market is projected to grow at acompound annual growth rate of approximately 26%to top 250 billion USD by 2026 188.58B 285.68B2026 233.05B20252024 140.37B 101.61B 71.65B 59.56B 57.12B20192020202320222021Total Projected Industrial & Non-Industrial Robotics Revenue, World Markets: 2019 to 2026Source: Omdia2 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX

Robotics Growth Drivers"Improving automation processes is the most-cited business goal forcompanies for the next two years."- 2020 Honeywell Intelligrated Automation Investment StudyRobot Prices vs Labor CostsHoneywell Industry Survey, September 2020Index of average robot prices and labor compensation inmanufacturing in United States (1990 100%)220Top Three Business Goals, Next 1-2 YearsImprove Automation Process200LABOR COSTS18016037%Attract New Customers32%Improve Financial Performance29%Scale or Grow Operations29%Improve Customer Experience14025%Increase Reliability of Operations or Services120Improve Data and Information Security100Increase Market Share24%23%23%Reduce Business Expenses80Improve Employee Skills or Training60ROBOT PRICES20%Attract and Retain Talent16%Improve Employee y3 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXAX GNXCX GNXIX0%Note: 434 US-basedprofessionals polled whowork full-time in senior roles,working for companies thatdirectly manage warehouses,DCs or fulfillment centers.22%15%5%10%15%20%25%30%35%40%Source: Honeywell

Robotics Applications in Many umerRobots 300BRobotics Revenue Forecast by Robot Type, World Markets: 2019 to 2026 250B 200B 150B 100B 50B 0BSource: Omdia2019202020214 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX20222023202420252026

Robotics Applications in Many umerRobots Surgical Robots Driver-assisted Construction Single rotor helicopters UAVs Agriculture Household Sanitation Robots Partial Automation Food & Beverage Multi-rotor drones AGV/UVG Consumer Services Toys Lab/pharmaceuticalAutomation Conditional Automation Manufacturing Fixed wing drones Fixed wing hybrid VTOL Healthcare Automation Automation Systems Smart Warehousing &Logistics Educational (STEM) High Automation Autonomous ships,submarines and UMSs Full AutomationCOMPANIES MAKINGHEALTHCARE ROBOTS:COMPANIES MAKINGAUTONOMOUS VEHICLES:StereotaxisAccurayIntuitive SurgicalAsensus SurgicalTitan MedicalCruiseWaymoSwift NavigationZooxKraken Robotics RetailCOMPANIES MAKINGCONSUMER ROBOTS:COMPANIES MAKINGAUTONOMOUS VEHICLES:COMPANIES MAKINGAUTONOMOUS VEHICLES:COMPANIES MAKINGENTERPRISE ROBOTS:COMPANIES MAKINGCONSUMER ROBOTS:FANUC RoboticsComauYaskawa ElectricOmron Adept TechnologiesStäubliCruiseWaymoSwift NavigationZooxKraken RoboticsKratos DefenseAeroVironmentKraken RoboticsGeneral DynamicsBoston DynamicsKardexBalyoABBGEA GroupKukaiRobotWowWeeMiPMiposaurRobosapien5 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXAX GNXCX GNXIX

Key BLELEADERCOMPETENCEThe only activelymanaged mutual funddedicated to Robotics &Automation.Holdings must be 50%engaged in roboticsdevelopment/creation.First actively managed40-act fund dedicated toRobotics & Automation.Portfolio manager, BrianGahsman, created thefirst model for roboticsinvesting.Fund invests incompanies that makerobotics (e.g. AlliedMotion). Other roboticsfunds invest in companiesthat use robotics (e.g.McDonalds).Fund generates alphafrom holdings not heldby other Robotics &Automation funds andETFs, companies that arecontributing significantlyin the field of robotics.With a minimum marketcap of only 50MM, Fundcan invest in meaningfulpositions in smaller,innovative companies likeAccuray and Sterotaxis,long before largeinstitutions find them.Other Portfolio Managersjust don’t have theexperience or knowledgebase that Brian Gahsmanpossesses. He was thefirst to do this.AlphaCentric Robotics & Automation Fund6 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX

Investment Process1CONSIDERATION FOR INCLUSION IN UNIVERSE (261 Companies) Robotics companies that manufacture Robots/Robotics components, Robotics software, AI (Artificial Intelligence) Automation companies that develop automated processes or generate revenues from a form of internal automationINITIAL SCREEN Minimum market cap 50M Revenues over 50% derived from robotics and/or automation Increasing R&D spending - expenditures are growing2RISK ASSESSMENT Market technicals and fundamental data Significant changes in either volume or momentum Cash burn rate (the rate at which a company uses up its cash reserves or cash balance)3SUSTAINABILITY ASSESSMENT Trading volume Significant advancements Standout company news that makes the holding more attractive45HOLDING BUCKET (20-25 Companies) Stocks watched closely for inclusion in porfolio (consider: who else is buying it? short interest at play? how much float?) Replacements for any current holding - if a name slips in performance, one of these stocks can be put in place6PORTFOLIO (35-45 Companies) Holding portfolio weight is based on trading volume: the thinner the trading volume, the smaller the holdingHoldings exit portfolio when significant change to balance sheet occurs: potential risk of short attack (exit & watch how it plays out), class actionlawsuit, cash burn increase, product pipeline problems, momentum slips, performance dries up, significant amount of analyst downgrades7 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXAX GNXCX GNXIX

Smaller Market Cap Active Management Better OpportunitiesCompanies that use Robotics arenot Robotics companies.Fund M&A Activity/ParticipationYear2017Other "Robotics" funds hold companies ubishiSalesforce20182019Original CompanyAcquired ByKukaMidea GroupMazor RoboticsMedtronicGenewiz GroupBrooks AutomationAuris HealthIntuitive SurgicalBroncus MedicalIntuitive SurgicalCorindus Vascular RoboticsSiemens HealthineersMedidataDassault SystemsScholly Fiberoptic (robotic endoscope business) Intuitive SurgicalGNXIX invests in companies thatmake robotics.20202021Boston ScientificSoft Bank\Hyundai MotorsISRA VisionAtlas CopcoOrpheus MedicalIntuitive SurgicalFLIRTeledyneBold/Italics Companies held by Fund at the time of the M&A activity.8 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX

A Look Inside the PortfolioDisruptive SurgicalRobotic InnovatorGlobal Leader inIndustrial RoboticsCutting-Edge “SmartWarehouse” AutomationAccuray, Inc.FANUCKardex Group Innovative cancer treatment thatspecializes in treating brain,prostate and other tumors withprecision radiation. The CyberKnife S7 deliversradiosurgery and radiation therapytreatments anywhere in the body,utilizing Artificial Intelligence (AI).9 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXAX GNXCX GNXIX Leading factory automationsolutions provider, located inJapan. Used by Tesla. Introduces next step in completerobotics and CNCs integration formore efficient operations. CNCs can control connectedFANUC robots providing assistancethrough FANUC's Quick and SimpleStartup of Robotization (QSSR). L eading supplier of automatedstorage solutions and materialhandling systems, located inSwitzerland. A global industry partner forintra-logistic process solutionsand smart, automated storagesolutions.

A Global Growth FundCountry Allocation as of .09%Investors may considerusing this Fund as asatellite investment/sector play or as partof a global allocation.10 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX0.10%0.17%

Fund PerformanceFund ObjectiveThe Fund’s objective is long-term growth of capital.Portfolio ManagerFund Performance as of 3/31/21 (Annualized if greater than 1 year)Brian GahsmanInception Date: 5/31/17QTD6 MOSYTD1 YR3 YRInceptionClass I1.3523.421.3577.4512.3816.79Class A1.2523.191.2577.0512.1116.48Class C1.1022.831.1075.7211.2715.62S&P 500 TR6.1719.076.1756.3516.7816.10MSCI ACWI 9.9314.69Class A w/ Sales ChargeGrowth of 10,000Robotics & Automation FundClass AS&P 500 TR IndexMSCI ACWI TR Index3/31/21 17,942 17,720 15,8805/31/17 10,000 10,000 10,000YEARS11 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXAX GNXCX GNXIX P ortfolio Manager of the Fund since inception Managed this strategy since 2013 in the following formats: 11/1/13 - 1/12/16, as a sub-strategy within the Leuthold Strategies LLC Fund(launched and co-managed fund) 12/1/15 - 10/7/16, as segregated investment portfolio for a single client 6/1/16 - 5/31/17, as the Global Innovations Fund 5/31/17 - Present, as the AlphaCentric Robotics & Automation Fund Chief Investment Officer at the Contego Capital Group Bachelor of Business Administration in Finance from the Quantitative Securities Analysis program ofHaworth College of Business at Western Michigan UniversityPast performance does not guarantee future results and there is no assurance that the Fund will achieve its investment objective.The maximum sales charge for Class “A” Shares is 5.75%. Performance is historic and does not guarantee future results.Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may beworth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.To obtain the most recent month end performance information or the funds prospectus please call the Fund, toll free at1-844-ACFUNDS (844-223-8637). You can also obtain a prospectus at www.AlphaCentricFunds.com.The advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limitoperating expenses (excluding front-end or contingent deferred loads, taxes, leverage interest, brokerage commissions, expensesincurred in connection with any merger or reorganization, dividend expense on securities sold short, underlying Fund fees andexpenses or extraordinary expenses, such as litigation) at 1.65%, 2.40%, and 1.40% for Class A shares, Class C shares, andClass I shares, respectively, through July 31, 2021.

Risk Disclosure & Key DefinitionsImportant Risk InformationInvesting in the Fund carries certain risks. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives and the resulting high portfolioturnover may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses thatexceed those experienced by funds that do not use futures contracts and option strategies. Securities of Robotics & Automation companies, especially smaller, start-up companies tend to be more volatilesecurities than securities of companies that do not rely heavily on technology. Smaller sized companies may experience higher failure rates than larger companies and normally have a lower trading volumethan larger companies. Rapid change to technologies that affect a company’s products could have a material adverse effect on operating results. Robotics & Automation companies may rely on a combinationof patents, copyrights, trademarks and trade secret laws to establish and protect proprietary rights in their products and technologies. The Fund is non-diversified and as a result, changes in the value of asingle security may have a significant effect on the Fund’s value. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in theFund. Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxations and differencesin auditing and other financial standards. Emerging market securities tend to be more volatile and less liquid than securities traded in developed countries.Investors should carefully consider the investment objectives, risks, charges and expenses of the AlphaCentric Funds. This and other important information about the Fund is contained in theprospectus, which can be obtained by calling 844-ACFUNDS (844-223-8637) or at www.AlphaCentricFunds.com. The prospectus should be read carefully before investing. The AlphaCentricFunds are distributed by Northern Lights Distributors, LLC, member FINRA. AlphaCentric Advisors LLC is not affiliated with Northern Lights Distributors, LLC.Investment Terms UsedCash Burn Rate: The rate at which a company uses up its cash reserves or cash balance.Float: The regular shares a company has issued to the public that are available for investors to trade.Index Definitions (Indices assume reinvestment of all dividends and distributions. You cannot invest directly in an index.)MSCI ACWI TR Index: The MSCI ACWI Index, MSCI’s flagship global equity index, is designed to represent performance of the full opportunity set of large- and mid-cap stocks across 23 developed and 26emerging marketsS&P 500 TR Index: The S&P 500 is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the U.S.There is no assurance that the Fund will achieve its investment objective. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.12 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX

Thank you for your interest in the Fund.Contact Us: 1 855 674 FUND www.alphacentricfunds.com info@alphacentricfunds.comGNXIXGNXAXGNXCX

AppendixGNXIXGNXAXGNXCX

Portfolio Construction: A Closer LookPortfolio Construction New positions will be established when share prices are flat or trending higher, along with the 50day and 200-day moving averagesPortfolio Sector Allocationas of 3/31/21 Portfolio will typically contain 25-30 positions No single holding will represent in excess of 10% of the Fund’s assets26.22% Robotics & automation companies will comprise at least 80% of fund net assetsIndustrialsRisk Management Earnings growth potential of stocks trading at high valuations is heavily scrutinized23.82% For startup companies without earnings, the holding period may potentially be short term due topoor guidance from management, delays in the estimated production timeline, not achieving productapproval, significant short campaigns or other events which negate the initial selection criteria Price targets are used to protect the portfolio from valuation risk and begin the process of trimmingholdings Positions are eliminated when fundamentals change (earnings decelerate, margins compress, pricingbecomes challenged or a corporate action takes place which may be detrimental to holding theposition) Positions are eliminated if the company’s cash burn rate is increasing, cash runway is decreasingand multiple share dilutions are likelyAPPENDIX 2 ALPHACENTRIC ROBOTICS & AUTOMATION FUND GNXIX GNXAX GNXCX8.17%2.71%39.08%Health CareInformation TechnologyCashConsumer Discretionary

Robotics and Automation FundGNXAX GNXCX GNXIX1Q 2021The AlphaCentric Robotics and Automation Fund invests primarily in companies that design andbuild robotics and automation systems worldwide.Why Invest? As an actively managed portfolio, we believe the Fund is a pure-play strategy that offers highgrowth potential underrepresented in the S&P 500 The drivers of growth in this space (aging demographics, competitive pressures, productivityenhancement) have been accelerated by Covid-19 Portfolio Manager was an early investor in robotics and automation and has developed domainexpertise within this rapidly growing industry Fund may provide differentiated exposure by investing broadly across robotics and automationFund Performance as of 3/31/21 (Annualized if greater than 1 year)Inception Date: 5/31/17QTD6 MOSYTD1 YR3 YRInceptionClass I1.3523.421.3577.4512.3816.79Class A1.2523.191.2577.0512.1116.48Class C1.1022.831.1075.7211.2715.62S&P 500 TR6.1719.076.1756.3516.7816.10MSCI ACWI TR 66.839.9314.69Class A w/ Sales ChargePast performance does not guarantee future results and there is no assurance that the Fund will achieve its investmentobjective.The maximum sales charge for Class “A” Shares is 5.75%. Performance is historic and does not guarantee futureresults. Investment return and principal value will fluctuate with changing market conditions so that when redeemed,shares may be worth more or less than their original cost. Current performance may be lower or higher than theperformance data quoted. To obtain the most recent month end performance information or the funds prospectusplease call the Fund, toll free at 1-844-ACFUNDS (844-223-8637). You can also obtain a prospectus at www.AlphaCentricFunds.com.Growth of 10,000Robotics & Automation FundClass AS&P 500 TR IndexMSCI ACWI TR IndexFund ObjectiveThe Fund’s objective is long-term growth ofcapital.Investment Strategy The Fund seeks to achieve its objectiveby investing in US and foreign companiescreating innovative technologies acrossmultiple sectors Invests primarily in developed marketsbut may also invest in emerging markets,targeting companies with a marketcapitalization over 50 million Portfolio consists of companiesdeveloping breakthrough technologies inareas such as: Robotic-assisted surgery Aerospace & defense Transportation ManufacturingHow to InvestShare ClassTickerCUSIPClass AGNXAX62827P675Class CGNXCX62827P667Class IGNXIX62827P659Min. Initial Investment: 2,500Min. Subsequent Investment: 1003/31/21 17,942 17,720 15,8805/31/17 10,000 10,000 10,000YEARSMSCI ACWI TR Index: The MSCI ACWI Index, MSCI’s flagship global equity index, is designed to representperformance of the full opportunity set of large- and mid-cap stocks across 23 developed and 26 emergingmarkets. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expensesor sales charges.S&P 500 TR Index: The S&P 500 is a stock market index that measures the stock performance of 500 largecompanies listed on stock exchanges in the U.S.Alternative investments may not be suitable for all investors and an investment in the Fund is suitable onlyfor investors who can bear the risks associated with the Fund’s shares and should be viewed as a long-terminvestment.There is no assurance that the Fund willachieve its investment objective. You cannotinvest directly in an index and unmanagedindex returns do not reflect any fees, expensesor sales charges.

1Q 2021 Robotics and Automation FundInvestment ProcessFund ManagementManagement has constructed what they believe is a ‘pure-play’ portfolio by conductingfundamental bottom-up research on a universe of over 200 stocks.Investment AdvisorAlphaCentric Advisors, LLCInvestment Sub-AdvisorContego Capital Group, Inc.Portfolio ManagerBrian Gahsman Portfolio Manager since fund inception 18 years of investment experience BBA in Finance from the Haworth College ofBusiness at Western Michigan UniversityShare Class InformationShareClassNetExpense*GrossExpenseClass A GNXAX1.66%2.19%Class C GNXCX2.41%2.94%Class I GNXIX1.41%1.94%Companies must derive a significant amount of their revenues from the sale of roboticsand automation systems and maintenance. The manager also seeks smaller market capcompanies who maintain a high spending rate on research and development.Risk is managed via portfolio construction guidelines, cash levels and the use ofstructural hedges.Allocations are made worldwide in an effort to provide greater diversificationCountry Allocation as of .61%0.17%0.10%Inception date: 5/31/17* The advisor has contractually agreed to waivefees and/or reimburse expenses of the Fund tothe extent necessary to limit operating expenses(excluding front-end or contingent deferredloads, taxes, leverage interest, brokeragecommissions, expenses incurred in connectionwith any merger or reorganization, dividendexpense on securities sold short, underlyingFund fees and expenses or extraordinaryexpenses, such as litigation) at 1.65%, 2.40%,and 1.40% for Class A shares, Class C shares,and Class I shares, respectively, through July31, 2021.Investors should carefully consider theinvestment objectives, risks, charges andexpenses of the AlphaCentric Funds. This andother important information about the Fundis contained in the prospectus, which can beobtained by calling 844-ACFUNDS (844-2238637) or at www.AlphaCentricFunds.com. Theprospectus should be read carefully beforeinvesting.The AlphaCentric Funds are distributed byNorthern Lights Distributors, LLC, memberFINRA/SIPC. AlphaCentric Advisors, LLC is notaffiliated with Northern Lights Distributors, LLC.8058-NLD-4/13/2021Contact Us 1 855 674 FUNDPortfolio Characteristics as of 3/31/21United raelFranceNew ZealandAustraliaLong Equity39Median Market Cap 5.4BAverage Market Cap 17.2BMedian P/E Ratio64.01Portfolio composition is subject to change.Portfolio Sector Weights as of 3/31/21Industrials39.08%Information Technology23.82%Cash8.17%Healthcare26.22%Consumer DiscretionaryTop Ten Holdings as of 3/31/21Holding2.71%% of PortfolioStereotaxis Inc5.31%Brooks Automation Inc3.97%Raven Industries Inc3.73%Nidec Corp3.69%Intuitive Surgical Inc3.59%AeroVironment Inc3.53%Sandvik AB3.33%GEA Group AG3.24%Omnicell Inc3.16%Allied Motion Technologies Inc3.12%Past performance does not guarantee future results and there is no assurance that the Fund will achieve itsinvestment objective. Holdings are subject to change and should not be considered investment advice.Important Risk InformationInvesting in the Fund carries certain risks. The Fund may invest a percentage of its assets in derivatives, suchas futures and options contracts. The use of such derivatives and the resulting high portfolio turnover may info@alphacentricfunds.comexpose the Fund to additional risks that it would not be subject to if it invested directly in the securities andcommodities underlying those derivatives. The Fund may experience losses that exceed those experienced byfunds that do not use futures contracts and option strategies. Securities of robotics and automation companies, 2021 AlphaCentric Advisors ACFS GNX 1Q2021especially smaller, start-up companies tend to be more volatile securities than securities of companies thatdo not rely heavily on technology. Smaller sized companies may experience higher failure rates than largercompanies and normally have a lower trading volume than larger companies. Rapid change to technologies that affect a company’s products could have a material adverseeffect on operating results. Robotics and automation companies may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protectproprietary rights in their products and technologies. The Fund is non-diversified and as a result, changes in the value of a single security may have a significant effect on theFund’s value. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in the Fund. Investments ininternational markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxationsand differences in auditing and other financial standards. Emerging market securities tend to be more volatile and less liquid than securities traded in developed countries.w ww.alphacentricfunds.com

Securities of Robotics & Automation companies, especially smaller, start-up companies tend to be more volatile securities than securities of companies that do not rely heavily on technology. Smaller sized companies may experience higher failure rates than larger companies and normally have a lower trading volume

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