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The Fund seeks to generate attractive risk-adjusted total returns using a multi-sector approach to fixed income value investing. The Sub-Advisor will invest the Fund’s assets using a multi-sector approach across a broad range of credit-oriented markets. The Fund is expected to allocate dynamically across the credit universe to the areas which the Sub-Advisor believes produce the most attractive risk-adjusted returns. The Sub-Advisor will utilize a flexible value investment style and will allocate the Fund’s assets across four areas: U.S. corporate credit, global corporate credit, structured credit, and real estate credit. The Sub-Advisor will seek to invest the Fund’s assets in both secured and unsecured obligations such as: loans; high yield bonds; stressed or distressed credit assets; securities related to debtor-in-possession financing, rescue financing or exit financing; securities related to a corporate reorganization or restructuring; corporate notes, bonds and other investments; RMBS; CMBS; asset-backed securities; emerging market investments; structured credit assets (including CLOs and customized commercial and consumer obligations); infrastructure and infrastructure-related investments; and any other asset or instrument having a similar target return profile. The Sub-Advisor may invest in any level of the capital structure, including senior, mezzanine and subordinated debt.

Resolute Investment Distributors, Inc.

The Fund seeks to provide high current income and, secondarily, capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a variety of credit-related instruments, including corporate obligations and securitized and structured issues of varying maturities. Corporate obligations may include fixed and floating-rate securities and bank loans, among others, issued by U.S. or foreign (non-U.S.) entities. The mix of assets in which the Fund may invest will be flexible and responsive to market conditions; however, the Manager and Sub-Advisor expect, under normal circumstances, bank loans to constitute at least 40% of the Fund’s managed assets. Bank loans may include first-lien and second-lien loans, among other loan types. Securitized issues primarily include CLOs, and structured notes generally include CLNs. The Fund also expects to have exposure to equity-related securities, which typically include the equity tranches of securitized issues. Instruments may be issued by public or private entities and may be restricted as to the type of entity or investor that may transact in them. The Fund may invest without limit in securities rated below investment grade and in unrated securities. The Fund may invest in the obligations of companies undergoing an actual or anticipated corporate event, transaction or other catalyst, which is sometimes referred to as “event-driven” investing.

Resolute Investment Distributors, Inc.

The Fund’s investment objective is to seek to generate a return comprised of both current income and long-term capital appreciation with low-to-moderate volatility and low correlation to the broader markets. Under normal circumstances, the Fund intends to invest at least 80% of the Fund’s net assets in a portfolio of institutional quality real estate and real estate-related investments, which will be comprised of the following primary asset classes: (i) Direct Real Estate Investments, (ii) Private CRE Investment Funds, (iii) Publicly Traded CRE Securities, and (iv) CRE Debt Investments.

ALPS Distributors, Inc.

The Fund’s investment objective is to generate current income and, as a secondary objective, long-term capital appreciation. The Fund expects to invest primarily in the equity and, to a lesser extent, in the junior debt tranches of CLOs that own a pool of senior secured loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated (“Senior Secured Loans”). We may, to a lesser extent, invest in (i) debt and equity securities issued by business development companies, (ii) Senior Secured Loans directly, (iii) fixed income securities and (iv) investment funds that provide exposure to Senior Secured Loans and fixed income securities. The CLOs in which we intend to invest will generally be comprised of Senior Secured Loans that meet specified credit and diversity criteria and are subject to concentration limitations in order to create an investment portfolio that is diversified by borrowers and industries.

ALPS Distributors, Inc.

The Fund’s investment objective is to seek total return consisting of current income and longer-term capital appreciation. The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its total assets in the securities of Healthcare Companies. A company will be deemed to be a Healthcare Company if, at the time the Fund makes an investment in a company, 50% or more of such company’s sales, earnings or assets arise from or are dedicated to healthcare products or services or medical technology activities. Healthcare Companies are considered by the Adviser to include companies in one or more of the following sub-sectors: pharmaceuticals, biotechnology, managed care, life science and tools, healthcare technology, healthcare services, healthcare supplies, healthcare facilities, healthcare equipment, healthcare distributors, health and wellness, cosmetics and skin care and Healthcare REITs. Additionally, we consider the term Healthcare Company to include companies that are materially impacted by the healthcare industry, such as a contractor that primarily derives its revenue or profit from the construction of hospitals. The Fund may invest in equity and debt securities.

Highland Capital Funds Distributor, Inc.

The Fund’s investment objective is to produce current income. The Fund seeks to achieve its investment objective by opportunistically allocating its assets across a wide range of credit strategies. Under normal circumstances, the Fund will invest at least 80% of its assets in private fixed-income securities and credit instruments. The Fund will opportunistically allocate its assets across any number of the following credit strategies: (a) liquid credit (including publicly traded debt instruments and Treasury securities); (b) direct lending (including first lien loans, second lien loans, unitranche loans and mezzanine debt); (c) opportunistic credit (including private credit solutions, special situations and market dislocations); and (d) loans and structured credit (syndicated loans and CLOs). To a lesser extent, the Fund also may invest in distressed credit (distressed-for-control debt and equity investments).

OppenheimerFunds Distributor, Inc.

The fund’s investment objective is total return. The fund invests primarily in insurance-linked securities (“ILS”). ILS include event-linked bonds (also known as insurance-linked bonds or catastrophe bonds), quota share instruments (also known as “reinsurance sidecars”), collateralized reinsurance investments, industry loss warranties, event-linked swaps, securities of companies in the insurance or reinsurance industries, and other insurance- and reinsurance-related securities. Because ILS are typically rated below investment grade or unrated, a substantial portion of the fund’s assets ordinarily will consist of below investment grade (high yield) debt securities. Investment in securities of below investment grade quality involves substantial risk of loss. Securities in which the fund may invest may also be subordinated or “junior” to more senior securities of the issuer.

Amundi Pioneer Distributor, Inc.

The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (“Municipal Bonds”0. In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds.

First Dominion Capital Corp.

The Fund’s primary objective is to provide a high level of current income. Capital appreciation will be considered a secondary objective. Under normal market conditions, the Fund will seek to achieve its investment objective by investing, directly or indirectly through a wide range of investment vehicles, a majority of its net assets in alternative income-generating investments. Such investments are typically domestic and foreign privately-held investments that are outside of traditional public equity and bond markets. These positions typically generate an interest payment, pay dividends, or have other forms of distributions that generally accrue value over time. These assets may include, but are not limited to, real estate equity and debt securities, life settlements, receivables, specialty finance, litigation finance-related investments, royalties, transportation finance, collateralized loan obligation warehouse facility investments, as well as purchases of interests in private credit funds in the secondary market. The Fund may also invest in public securities, including public debt, master limited partnerships, business development companies, and preferred stock. The Fund will allocate its investments across multiple strategies in both developed and emerging markets with varying levels of liquidity and credit quality, including distressed and defaulted investments. The Fund may use derivative investments and may have exposure to long and short positions across its asset classes to obtain the desired risk exposure consistent with its investment strategies.

Foreside Fund Services, LLC