CONFIDENTIAL. NOT FOR PUBLIC DISTRIBUTION.

AlphaCentric Global Innovations Fund

The first actively managed mutual fund dedicated to automation and robotics

GNXAX | GNXCX | GNXIX

Quarter 1 2017 Presentation

AlphaCentric Global Innovations Fund

DISCLOSURES

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Investors should carefully consider the investmentobjectives, risks, charges and expenses of theAlphaCentric Funds. This and other importantinformation about the Fund is contained in theprospectus, which can be obtained by calling 844‐ACFUNDS (844‐223‐8637) or atwww.AlphaCentricFunds.com. The prospectus shouldbe read carefully before investing. The AlphaCentricFunds are distributed by Northern Lights Distributors,LLC, member FINRA/SIPC. AlphaCentric Advisors LLCand Pacific View Asset Management are not affiliatedwith Northern Lights Distributors, LLC.

Investing in the Fund carries certain risks. The Fund mayinvest a percentage of its assets in derivatives, such asfutures and options contracts. The use of suchderivatives and the resulting high portfolio turn‐overmay expose the Fund to additional risks that it wouldnot be subject to if it invested directly in the securitiesand commodities underlying those derivatives. The Fundmay experience losses that exceed those experienced byfunds that do not use futures contracts and optionsstrategies. To the extent the Fund invests in the stocks ofsmaller‐sized companies, the Fund may be subject toadditional risks, including the risk that earnings andprospects of these companies are more volatile thanlarger companies. Smaller‐sized companies mayexperience higher failure rates than larger companiesand normally have lower trading volume than largercompanies. These factors may affect the value of your

investment. The Fund is non‐diversified and as a result,changes in the value of a single security may havesignificant effect on the Fund’s value. The Fund issubject to regulatory change and tax risks; changes tocurrent rules could increase costs associated with aninvestment in the Fund. These factors may affect thevalue of your investment. Investments in internationalmarkets present special risks including currencyfluctuation, the potential for diplomatic and politicalinstability, regulatory and liquidity risks, foreigntaxations and differences in auditing and other financialstandards. Risks of foreign investing are generallyintensified for investment in emerging markets.Emerging market securities tend to be more volatile andless liquid than securities traded in developed countries.

4524-NLD-6/28/2017

Investing in “The Second Machine Age”

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Global Growth Opportunity – We believe growth in robotics for workplace automation has reached a tipping point toward wide-scale adoption

– Global spending on robotics in 2017 is forecasted to be $135.4 billion vs. $71 billion in 2015*

– Compound annual growth rate projected to exceed 17% annually*

– Demand for highly automated solutions should exceed GDP and corporate profit growth for years tocome

Thematic Investment Opportunity

– Participate in growth dynamics related to adoption of robotics and workplace automation“The Second Machine Age”

– Currently, the only actively managed mutual fund dedicated to automation and robotics

– Complement to a diversified equity portfolio

– Demand trends should protect holdings from macro forces

– Diversified by company/industry/sector/country/market capitalization and style

– Growth potential (from smaller base) could exceed energy, biotech, and technology

Advantage – Singular focus of investment team

– Significant long-term earnings growth and capital appreciation potential

– Long-term investment horizon should produce tax-efficient returns

There is no assurance these opinions or forecasts will come to pass and past performance is no assurance of future results.*International Data Corporation - Press Release dated 2/24/16

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Commercial – Robotic surgical platforms

– Picking, packing and sorting

– Biotech/Agriculture

– Warehouse/Laboratory automation

Industrial – Industrial robotics

– Injection molding and machining

– Solar cleaning and tracking

Military – Unmanned aerial vehicles

– Unmanned ground vehicles

– Autonomous marine systems and geological exploration

– Surveying and location instruments

Sensors & Components – Visual/Cameras

– Light

– Motion

Consumer – Toys and entertainment

– Bionic, exoskeleton and prosthetics

– Education

– Home task robots

Industries Impacted

One powerful trend benefits many industries– Robotic solutions are used in 5 sectors, with 22 application communities (and growing)

Source: The Boston Consulting Group, The Robotics Market - Figures and Forecasts – 9/29/16

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SURGICAL ROBOTS: Watch Six of the Coolest Surgical Robots in Action IEEE Spectrum

Watch Six of the Coolest Surgical Robots in Action - https://youtube/2fnv_3qn3Yc da Vinci Robot Stitches a Grape Back Together - https://www.youtube.com/watch?v=0XdC1HUp-rU

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Intuitive Surgical

– Symbol: ISRG (US)– Current market cap: $31 billion– Founded in 1995. IPO in 2000– In 2000, da Vinci System became first robotic solution cleared

by FDA for general laparoscopic surgery– Revenues grow from $2 billion in 2014 to $3 billion estimated

for 2017– Profits increase from $1.6 billion in 2014 to $2.1 billion

estimated for 2017– Installed base of 3,919 units (as of 12/31/16)– 71% of 2016 revenues were recurring

Surgical Robots

Intuitive Surgical, Inc. (5.1%)

Mazor Robotics Ltd. (4.9%)

Corindus Vascular Robotics, Inc.

TransEnterix, Inc.

– da Vinci System– Urologic, gynecologic, pediatric and

transoral otolaryngology procedures

– Renaissance guidance system– Spine and brain surgery

– CorPath® System– Robotic-assisted vascular intervention

– Senhance surgical robotic system– Multi-port robotic surgery system and

laparoscopic surgical instruments.

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice. Source: Intuitive Surgical Investor Presentation 1Q17

Targeted Theme Investments

Holdings are subject to change and should not be considered investment advice.

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Industrial Robotics: FANUC Industrial Robots at AUDI FANUC Europe

FANUC Industrial Robots at AUDI - https://youtube/rbki4HR41-4

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Industrial Robotics

KUKA AG (5.0%)

FANUC Corp. (7.8%)

Yaskawa Electric Corporation (4.8%)

OMRON Corporation (5.0%)

– 80,000 robots installed worldwide in 2015

– Global specialist in the field of robotics and automationtechnology, KUKA covers virtually all payload ranges androbot types, and sets standards in the field of human-robot collaboration (HRC)

– 400,000 robots installed worldwide in 2015

– Global manufacturer of factory automation and industrialrobots

– 300,000 robots installed worldwide in 2015

– Over 150 robot models currently in production specific toindustrial, educational and laboratory applications

– 25,000 robots installed worldwide in 2015

– Robot arms, robot controllers, and vision systems forflexible production lines along with Autonomous IntelligentVehicles (AIVs) assist with routine, labor intensive materialhandling tasks

KUKA AG

– Symbol: KU2 GY (Germany)

– Current market cap: $5 billion

– Founded in 1898 in Augsburg, Germany, by Johann Josef Keller and JacobKnappichIn as an engineering company. In 1973, KUKA created its ownindustrial robot.

– Completes IPO in 1996

– Revenues grow from $2 billion in 2014 to $3.1 billion estimated for 2017

– Profits increase from $500 million in 2014 to $850 million estimated for2017

Targeted Theme Investments

The security holdings are presented to illustrate examples of the securities that the fundhas bought and the diversity of areas in which the funds may invest, and may not berepresentative of the fund’s current or future investments. Portfolio holdings aresubject to change and should not be considered to be investment advice.

Holdings are subject to change and should not be considered investment advice.

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Share Classes – A Shares: GNXAX

– C Shares: GNXCX

– I Shares: GNXIX

Global Innovations Team

– Portfolio Manager: Brian Gahsman

– Managing Director: Rob Branton

Objective – Long-term growth of capital through investments in global equity securities

– Primary focus - Companies involved with innovative/breakthrough technologies in robotics and automation

– Goal - Outperform the S&P 500 and MSCI All Country World Equity Index

Strategy – Identify companies with innovative technological solutions for any aspect of business process automation

– Conduct proprietary, fundamental analysis on businesses with products/services that should benefit fromthe automation trend over the long term

– Purchase the shares of companies that are believed to be best positioned to benefit disproportionately

Opportunity – Technological advances in sensors, semiconductors and wireless data transmission have dramaticallyreduced the cost of robotic solutions for a wide range of industries

– The efficiency gains, quality improvement and fast payback on these expenditures are increasing adoptionrates by industrial facilities worldwide

– Capital expenditures favor automated solutions for reducing/eliminating repetitive/dangerous tasks,completing highly precise functions with low error tolerances, implementing projects with fast paybackleading to ancillary cost savings

– Accelerating demand + Low penetration rates = Heightened earnings visibility

AlphaCentric Global Innovations Fund

Of course, there is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

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Universe Criteria – Proprietary bottom-up research identifies companies worldwide that exhibit breakthrough innovative technologies

– Market capitalizations in excess of $50 million

– Level or increasing 90-day average volume

– High ratio of research and development spending to sales

– For start up companies without earnings, the company should be in the final stages of development/approvalphase with estimated production within 18-months

Fundamental Research

– Understand industry dynamics and target company’s competitive position

– Analyze regulatory filings and sell-side research to develop an earnings model

– Conduct high-level channel checks (speak with competitors, suppliers and customers) to compile internal revenueforecasts

– Purchase the shares of businesses believed to have the best outlook with high potential product demand, as wellas a diversified pipeline

Portfolio Construction – New positions will be established when share prices are flat or trending higher along with the 50-day and 200-day moving averages

– Portfolio will typically contain 25-30 positions

– No single holding will represent in excess of 10% of the fund’s assets

– Robotics and automation companies will comprise at least 75% of fund assets

Risk Management – Earnings growth potential of stocks trading at high valuations is heavily scrutinized

– For startup companies without earnings the holding period may potentially be short term due to poor guidancefrom management, delays in the estimated production timeline, not achieving product approval, significant shortcampaigns 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 trimming holdings

– Positions are eliminated when fundamentals change (earnings decelerate, margins compress, pricing becomeschallenged or a corporate action takes place which may be detrimental to holding the position)

– Positions are eliminated if the company’s cash burn rate is increasing, cash runway is decreasing and multipleshare dilutions are likely

Investment Process

Of course, there is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.

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Targeted Diversification

Industry Exposure Country Allocation

Sector diversification can change and should not be considered investment advice. The Fund's assets may be invested in the securities of a limited number of companies, which may cause theFund's portfolio to be susceptible to a single economic event.

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Market Capitalization Breakdown Thematic Groupings

Average Market Cap $26.8 billionMedian Market Cap $ 3.1 billion

– Robots– Automation Equipment– loT– 3D Printing– Diversified Innovations– Cash and Equivalents

Top Targeted Holdings

– KUKA AG (5.0%)– Keyence Corp.– Fanuc Corp. (7.8%)– Harmonic Drive Systems– Yaskawa Electric Corp. (4.8%)

Targeted Diversification

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of thefund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

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Growth – All stocks in sector are at the infantile entry levels, think Amazon, Google 10 years ago

– Positioned as a core growth allocation

Global – Robotics + Automation is a Global Movement = The Second Machine Age

– Every industry in every developed and emerging market in world

– Positioned as Global/International allocation

Sector – New Sector Play – Nascent stage of robotics and automation

– Akin to Biotech in the late 1970’s

– Positioned as replacement for sector play allocation (Biotech, Healthcare, Technology, etc.)

Positioning Allocation

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Sub-adviser - Pacific View Asset Management, LLC (“Pacific View”)

Pacific View – SEC registered investment adviser, majority owned by employees, founded in 2012

– Multi-disciplined asset manager

– Sub-adviser to AlphaCentric Global Innovations Fund

– Committed to achieving client financial goals

– Services include separately managed accounts and commingled funds

Focus – Niche strategies typically within inefficient market segments

– Fundamental research and thorough due diligence

– Time-tested strategies managed by seasoned professionals

Current Strategies Offered

– Global Innovations – Thematic equity strategy focused on companies involved in robotics and automation

– U.S. Small Cap Growth – Factor based, proactive risk controls improve return consistency

– U.S. Large Cap Growth – Concentration and risk management produce strong results

– North American Microcap – Inefficient market, private equity type due diligence, low turnover

– Venture Capital – Investments in late-round financings of post-product, post-revenue companies

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Brian GahsmanPortfolio Manager

Brian graduated with a Bachelor of Business Administration in Finance from the quantitative securities analysis program of HaworthCollege of Business, at Western Michigan University, in July of 2004.

After graduation, Brian served as a Global Network Management Consultant, within the International Asset Services Group, at WellsFargo. His responsibilities included oversight and account maintenance of Foreign Securities and American Depository Receipts. In Aprilof 2008, Brian joined the Leuthold Group (Leuthold Weeden Capital Management) as an Operations Research Analyst/InstitutionalTrader, primarily focusing on market entry, country exposure, foreign taxation, foreign exchange trading, fair value pricing and globalcorporate actions analysis. He was also responsible for hedge/mutual fund trading, valuation, administration and audit support. Inaddition, he provided a variety of support to research, portfolio management, marketing, and executive management teams. In April of2013, Brian joined investor Steve Leuthold as portfolio manager co-managing the Leuthold Strategies Fund along with a number ofprivate accounts. In this capacity, Brian mainly focused on investments in global water, robotics & automation and biotech. In 2015,Steve Leuthold formally retired and the Leuthold Strategies Fund was closed. In July 2016, Brian, along with Rob Branton, formedGahsman Branton, LLC to focus exclusively on making investments in businesses benefiting from the robotics and automation theme. InMarch 2017, Brian and Rob Branton joined Pacific View Asset Management, where Brian is responsible for managing the PVAM GlobalInnovations Strategy and AlphaCentric Global Innovations Fund.

Rob BrantonManaging Director

Rob graduated with a Bachelor of Arts in Finance and Marketing from St. Cloud State University. He also holds the following licenses inthe security and insurance industry: Series 7, 24, 66 and life/health and annuities license.

Rob has been involved in the financial industry for 20 years, most recently as Founder/Chairman of the Advisory Board of ContegoCapital, a registered investment adviser in Edina, MN. Rob started his career with Merrill Lynch managing money for clients andimplementing company retirement plans and corporate cash plans. Rob left Merrill Lynch to become one of the founding members ofOrion Wealth Management, a wealth manager that was ultimately acquired by a larger wealth manager. Upon the sale of his company,Rob was recruited to enter the wholesaling and distribution side of the financial services business. He managed multi-person salesteams that drove sales of funds, retirement plans, and annuities for two of the largest distributors in the world, AIG and Pacific Life. InMarch 2017, Rob and Brian Gahsman joined Pacific View Asset Management, where Rob is responsible for the distribution of theGlobal Innovations Strategy.

Pacific View - Key People Biographies

PACIFIC VIEW ASSET MANAGEMENT, LLC

600 Montgomery Street, 5th FloorSan Francisco, CA 94111

Telephone (415) 318-5800Facsimile (415) 318-5801

Contacts Rob Branton, Managing Director(612) 845-0444RBranton@pacviewam.com

Brendan J. Contant, President(212) 277-1062BContant@pacviewam.com

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Disclaimers:

This Presentation has been prepared by Pacific View Asset Management, LLC solely for informational purposes of prospective advisory clients. By accepting this Presentation, the recipientacknowledges that all the information contained herein is confidential and may not be used for any purpose other than for discussions with Pacific View regarding its advisory services. ThisPresentation and the information contained herein may not be divulged to any person other than the persons who are actively and directly participating in the discussions with Pacific View. Theinformation contained in this Presentation is provided as of specific dates. Pacific View has no obligation to update, supplement or correct any information in this Presentation, although it reservesthe right to do so. This Presentation does not purport to be all-inclusive or to contain all of the information that a prospective advisory client may deem material to its decision to engage Pacific Viewas an investment adviser. Accordingly, each client or investor must conduct and rely on its own evaluation of Pacific View, its personnel and services, including the merits and risks involved therein.

Pacific View claims compliance with the CFA Institute Asset Manager Code of Professional Conduct. This claim has not been verified by CFA Institute.

Pacific View is an institutional asset management firm and is registered with the Securities and Exchange Commission as an investment adviser. Additional information regarding Pacific View maybe found at: http://www.adviserinfo.sec.gov.

Sub-Advisor Contact Information

(844) 223 - 8637

info@alphacentricfunds.com

ADDITIONAL INFORMATION

AlphaCentric Advisors LLC36 North New York Avenue, Floor 2Huntington, NY 11743

Advisor Services

c/o Gemini FundsPO Box 541150Omaha, NE 68154-1150

General/Shareholder Inquiries

Address

For more information, please do not hesitate to contact us or visit www.AlphaCentricFunds.com

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