The Board of Trustees of the Tatro Tactical Appreciation Fund (TCTNX), a series of the Northern Lights Fund Trust, has decided to shut down the fund.
The Board is shuttering the fund in the best interests of its shareholders, according to a filing.
The fund stopped trading on May 23 and will close on June 21. It launched in May 2011 and was managed by William Tatro, according to Bloomberg. The fund returned -3.90% in 2012 versus the S&P 500 Total Return 16.0%. through April 30, 2013, the fund was down 5.97% versus 12.74% for its benchmark.