Investors should read the prospectus carefully before investing.
All investors should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. Information regarding such considerations, including the prospectus of the ‘40 Act-registered fund, may be found below.
* Gross expense is based on the expense limitation implemented and noted within the prospectus. Some expenses are excluded from this and the expense ratio my be greater as a result. Please see the prospectus for more detail.
** The Adviser has entered into an expense limitation and reimbursement agreement with the Fund that is expected to continue for at least two years from the effective date of the Prospectus, and will renew automatically for successive periods of one year thereafter, unless written notice of termination is provided by the Adviser to the Fund not less than 10 days prior to the end of the then-current term. The Expense Limitation Agreement may also be terminated by the Fund’s Board on 60 days’ written notice to the Adviser. There is no guarantee that the Adviser will elect to renew the Expense Limitation Agreement after the first year of the Fund’s operations.
*** Correlation measures the degree to which two securities move in relation to each other (source).