Lawrence A. Cunningham
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Value Investment Risk. The stock of companies deemed to be “value companies” can continue to be undervalued for long periods of time and may not realize the value expected by the Adviser in response to the activities and financial prospects of the particular “value companies”. Over time, a value oriented investing style may go in and out of favor, which may cause the Fund to underperform relative to other equity funds that use different investing styles. The prospectus contains this and other information relevant to an investment in the fund. Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. Please read the accompanying prospectus carefully before you invest or send money. If a free prospectus did not accompany this literature, please contact your securities representative or the Boyar Value Fund, 32 West 39th Street, 9th Floor, New York, NY 10018, amalia@boyarvaluegroup.com, 212-995-8300. Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor’s shares, when redeemed, may be worth more or less than their original cost. The Boyar Value fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Northern Lights Distributors and Boyar Asset Management, Inc. are not affiliated. This information is not a recommendation, or an offer to sell, or a solicitation of any offer to buy, an interest in any security, including an interest in any investment vehicle managed or advised by Boyar Asset Management (“Boyar”) or its affiliates. Past performance does not guarantee future results. This material is as of the date indicated, is not complete, and is subject to change. Additional information is available upon request. No representation is made with respect to the accuracy, completeness or timeliness of information and Boyar assumes no obligation to update or revise such information. *Nothing in the article should be construed as investment advice of any kind. Consult your financial adviser before making any investment decisions. Any opinions expressed herein represent current opinions only and no representation is made with respect to the accuracy, completeness or timeliness of information, and Boyar Asset Management and its affiliates assumes no obligation to update or revise such information. You should not assume that any investment discussed herein will be profitable or that any investment decisions in the future will be profitable. Past performance does not guarantee future results. Certain information has been provided by and/or is based on third party sources and, although believed to be reliable, has not been independently verified and Boyar Asset Management or any of its affiliates is not responsible for third-party errors. This information is not a recommendation, or an offer to sell, or a solicitation of any offer to buy, an interest in any security, including an interest in any investment vehicle managed or advised by Boyar Asset Management. Any information that may be considered advice concerning a federal tax issue is not intended to be used, and cannot be used, for the purposes of (i) avoiding penalties imposed under the United States Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. Boyar Asset Management owns shares in Bank of New York, Comcast, Disney, IAC, Merck and Unifirst. The top ten positions of The Boyar Value Fund as of 3/31/21 are MSFT (7.59%), AMP (6.54%), HD (6.45%), DIS (5.80%), JPM (5.41%), BAC (3.74%), CMCSA (3.27%), SMG (3.0%), MSGS (2.93%), UPS (2.81%)
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