Lifetime Achievement Fund reorganizes, keeps same portfolio management

By Toni Weeks

San Diego, Jan. 3 - Northern Lights Fund Trust III, a newly formed open-end management investment company, announced it will acquire all assets and liabilities of the Lifetime Achievement Fund, Inc. and reorganize it into the Lifetime Achievement Fund, according to an N-1A filing with the Securities and Exchange Commission on Friday.

The fund will keep the existing investment adviser, Omaha-based Manarin Investment Counsel, Ltd., lead portfolio manager Roland R. Manarin and portfolio manager Aron D. Huddleston.

The fund will continue to seek long-term capital appreciation and growth of investment by investing in shares of other open-end investment companies and exchange-traded funds. The investments are not restricted in terms of capitalization, credit quality or country of an issuer.

The fund will continue trading under the symbol "LFTAX."

Shareholders will pay a maximum sales charge of 2.5% of the offering price and a redemption fee of 2% for shares held less than 90 days.

Management fees will be 0.75%. Total annual fund operating expenses have not yet been announced. Before the reorganization, total annual fund operating expenses were 2.89%.

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