Holdings
Blackstone/GSO Long-Short Credit Income Fund
 
Holdings (as of 10/15/2014)

Rank

Issue

Quantity ($)

Value($)
% of
Managed Assets
1.Resolute Energy Corp., Senior Unsecured Bond,4,750,000$4,631,250.001.51%
2.Armored AutoGroup, Inc. ((fka Viking Acquisition Inc. (aka Global AutoCare)) Term Loan B4,655,453$4,623,447.151.50%
3.Expro Financial Services S.A.R.L., Senior Secured First Lien Initial Term Loan,4,687,500$4,605,468.751.50%
4.Kronos, Inc. (aka Seahawk Acquisition Corp.), Senior Secured First Lien Incremental Term Loan,4,595,522$4,556,459.841.48%
5.U.S. Foods, Inc., Senior Secured First Lien Term Loan,4,407,729$4,393,404.311.43%
6.Lineage Logistics LLC, Senior Secured First Lien Term Loan,4,091,591$4,011,457.051.30%
7.1-800 Contacts, Inc., Senior Secured First Lien Term Loan,3,989,975$3,921,826.171.28%
8.Caesars Entertainment Resort Properties LLC, Senior Secured First Lien Term B Loan,4,108,488$3,829,111.151.25%
9.Sensus USA Inc. (fka Sensus Metering Systems) Second Lien Term Loan3,714,286$3,705,000.001.21%
10.J. Crew Group, Inc., Senior Secured First Lien Initial Term Loan,3,384,658$3,221,077.801.05%
11.Onex Carestream Finance LP, Senior Secured First Lien Term Loan,3,190,798$3,175,514.201.03%
12.PDC Energy, Inc., Senior Unsecured Bond,3,000,000$3,135,000.001.02%
13.BJ's Wholesale Club, Inc., Senior Secured First Lien Replacement Term Loan,2,992,462$2,934,483.350.95%
14.Del Monte Foods Co., Senior Unsecured Bond,2,998,000$2,911,807.500.95%
15.AlixPartners LLP, Senior Secured First Lien Replacement Term B-2 Loan,2,932,949$2,888,954.820.94%
16.Capital Safety North America Holdings, Inc., Senior Secured First Lien Initial Term Loan,2,969,136$2,883,773.360.94%
17.Blackboard, Inc., Senior Secured First Lien Term B-3 Loan,2,887,148$2,858,276.620.93%
18.Sophia, L.P., Senior Secured First Lien Term B-1 Loan,2,843,397$2,774,103.180.90%
19.Avaya Inc. Term B-3 Loan2,878,249$2,715,152.770.88%
20.ProQuest, LLC Initial Term Loan2,700,000$2,697,192.000.88%
21.Houston Fuel Oil Terminal Co., Senior Secured First Lien Tranche B Term Loan,2,727,273$2,686,363.840.87%
22.Delta 2 Lux SARL, Senior Secured First Lien Term Loan,2,722,886$2,678,639.130.87%
23.Palace Entertainment Holdings LLC, Senior Secured Bond,2,600,000$2,663,375.000.87%
24.Sports Authority, Inc (aka TSA) Term B Loan2,790,357$2,657,814.900.86%
25.Apex Tool Group LLC, Senior Secured First Lien Term Loan,2,726,377$2,549,162.400.83%
26.Pinnacle Operating Corp., Senior Secured First Lien Term B Loan,2,534,625$2,509,278.470.82%
27.EMG Utica LLC, Senior Secured First Lien Term Loan,2,472,028$2,475,118.000.81%
28.Spin Holdco, Inc. (aka Coinmach Corp.), Senior Secured First Lien Initial Term Loan,2,465,242$2,417,490.190.79%
29.MA FinanceCo., LLC (Micro Focus International plc) New TL B2,490,119$2,385,844.860.78%
30.Monitronics International, Inc., Senior Secured First Lien Term B Loan,2,397,978$2,374,010.000.77%
31.Abercrombie & Fitch Co., Senior Secured First Lien Initial Term Loan,2,382,979$2,365,106.380.77%
32.Technicolor S.A., Senior Secured First Lien Term Loan,2,329,580$2,317,932.380.75%
33.Avaya, Inc., Senior Secured Bond,2,450,000$2,296,875.000.75%
34.Container Store Inc (The) Term Facility2,344,192$2,244,563.770.73%
35.Envision Pharmaceutical Services, Inc., Senior Secured First Lien Term Loan,2,232,013$2,233,407.680.73%
36.Sandy Creek Energy Associates LP, Senior Secured First Lien Term Loan,2,238,130$2,223,212.620.72%
37.EnergySolutions LLC, Senior Secured First Lien Advance Term Loan,2,176,364$2,213,089.770.72%
38.Reynolds Group Holdings, Inc., Senior Unsecured Bond,2,100,000$2,184,000.000.71%
39.Smile Brands Group, Inc., Senior Secured First Lien Term B Loan,2,200,495$2,156,485.470.70%
40.Arch Coal Inc., Senior Secured First Lien Initial Term Loan,2,493,637$2,130,501.130.69%
41.Comstock Resources, Inc., Senior Unsecured Bond,2,000,000$2,130,000.000.69%
42.California Pizza Kitchen, Inc., Senior Secured First Lien Term Loan2,211,088$2,124,026.290.69%
43.Crestwood Midstream Partners LP, Senior Unsecured Bond,2,000,000$2,090,000.000.68%
44.Viasystems, Inc., Senior Unsecured Bond,2,000,000$2,090,000.000.68%
45.United Surgical Partners International Inc. New Tranche B Term Loan2,083,671$2,086,702.340.68%
46.Reynolds Group Holdings, Inc., Senior Unsecured Bond,2,000,000$2,082,500.000.68%
47.Pier 1 Imports, Inc., Senior Secured First Lien Initial Term Loan,2,078,125$2,044,355.470.66%
48.Alta Mesa Holdings LP, Senior Unsecured Bond,2,000,000$2,030,000.000.66%
49.CrownRock LP / CrownRock Finance, Inc., Senior Unsecured Bond,2,000,000$2,030,000.000.66%
50.Blue Coat Systems, Inc., Senior Secured First Lien Term Loan,2,042,762$2,001,907.150.65%
51.AmWins Group LLC, Senior Secured First Lien Term Loan,2,005,385$1,995,769.620.65%
52.JELD-WEN, Inc. Term Loan2,000,000$1,986,660.000.65%
53.CEC Entertainment, Inc., Senior Secured First Lien Term B Loan,2,044,076$1,975,936.810.64%
54.Platform Specialty Products Corp., Senior Secured First Lien Term Loan,2,000,000$1,971,000.000.64%
55.Aspect Software Tranche B Term Loan1,973,684$1,967,111.840.64%
56.Nextgen Finance, LLC, Senior Secured First Lien Term B Loan,1,995,000$1,925,175.000.63%
57.Academy Ltd., Senior Secured First Lien Initial Term Loan,1,941,625$1,920,267.110.62%
58.Flexera Software LLC, Senior Secured First Lien Term Loan,1,937,029$1,920,079.990.62%
59.Drillships Ocean Ventures, Inc., Senior Secured First Lien Term Loan,2,014,925$1,915,851.490.62%
60.Utex Industries, Inc., Senior Secured First Lien Initial Term Loan,1,918,269$1,909,473.970.62%
61.Syniverse Holdings, Inc. (Buccaneer Merger Sub Inc) Initial Term Loan1,919,653$1,882,056.150.61%
62.FHC Health Systems Inc (Beacon Health) New Term Loan1,875,000$1,866,403.130.61%
63.Paradigm Precision Group, Senior Secured First Lien Term Loan,1,860,938$1,865,589.840.61%
64.Cunningham Lindsey Corp., Senior Secured First Lien Initial Term Loan,1,842,188$1,816,866.630.59%
65.SGMS Escrow Corp (Scientific Games) Initial Term B-2 Loan1,848,739$1,793,277.310.58%
66.Fairpoint Communications, Inc., Senior Secured First Lien Term Loan,1,723,781$1,744,794.390.57%
67.Advantage Sales & Marketing, Inc., Senior Secured First Lien Initial Term Loan,1,772,962$1,738,832.800.57%
68.Wide Open West Finance LLC, Senior Secured First Lien Term B Loan,1,725,525$1,719,053.950.56%
69.Alvogen Pharmaceuticals U.S., Inc., Senior Secured First Lien Term Loan,1,689,793$1,702,466.200.55%
70.Interactive Data Corp., Senior Secured First Lien Term Loan,1,660,625$1,650,254.530.54%
71.Sabre, Inc., Senior Secured First Lien Incremental Term Loan,1,665,000$1,629,618.730.53%
72.Tembec Industries, Inc.,1,600,000$1,620,000.000.53%
73.Sedgwick Holdings Inc Second Lien TL1,660,377$1,609,528.300.52%
74.Penton Media, Inc., Senior Secured First Lien Term B Loan,1,584,000$1,580,040.000.51%
75.National Financial Partners Corp., Senior Secured Specified Refinancing Term Loan,1,600,000$1,579,008.000.51%
76.SurveyMonkey.com LLC, Senior Secured First Lien Term Loan,1,580,962$1,577,009.430.51%
77.Sheridan Production Partners Tranche B-2 Term Loan1,594,717$1,576,776.820.51%
78.Truven Health Analytics, Inc., Senior Secured New Tranche B First Lien Term Loan,1,607,034$1,570,875.960.51%
79.Nexeo Solutions, LLC (aka Ashland Distribution) Initial Loans1,583,590$1,566,764.120.51%
80.Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Initial Term Loan,1,575,032$1,559,935.460.51%
81.Asurion LLC, Senior Secured Second Lien Term Loan,1,550,064$1,551,350.380.50%
82.MModal LLC, Senior Secured First Lien Term B Loan,1,566,079$1,546,503.370.50%
83.Albertson's LLC New Incr. TL B41,534,545$1,521,808.730.50%
84.Moxie Liberty LLC, Senior Secured First Lien Term B-1 Loan,1,470,588$1,500,000.000.49%
85.Star West Generation LLC, Senior Secured First Lien Term B Advance Loan,1,494,481$1,483,272.340.48%
86.Telx Group, Inc., Senior Secured First Lien Initial Term Loan,1,496,250$1,480,666.560.48%
87.Cambium Learning Group, Inc., Senior Secured Bond,1,500,000$1,470,000.000.48%
88.Neff Rental, Senior Secured Second Lien Term Loan,1,449,275$1,449,282.610.47%
89.Hyland Software, Inc., Senior Secured First Lien Initial Term Loan,1,453,352$1,448,629.060.47%
90.ConvergeOne Holdings Corp., Senior Secured First Lien Initial Term Loan,1,425,000$1,417,875.000.46%
91.PowerTeam Services (Power Buyer) Initial Term Loan (First Lien)1,420,734$1,388,767.420.45%
92.Multi Packaging Solutions, Inc., Senior Secured First Lien Initial Tranche B Term Loan,1,398,985$1,384,127.730.45%
93.Crossmark Holdings, Inc., Senior Secured First Lien Term Loan,1,337,459$1,318,239.390.43%
94.Transaction Network Services, Senior Secured First Lien Initial Term Loan,1,319,900$1,309,175.630.43%
95.BlackBrush TexStar LP (aka BBTS Borrower LP), Senior Secured Second Lien Term Loan,1,327,434$1,294,247.790.42%
96.Payless, Inc. (aka Collective Brands Finance, Inc.), Senior Secured First Lien Term Loan,1,336,319$1,293,890.870.42%
97.RCN Corporation (aka Yankee Cable) Term Loan1,294,588$1,280,023.800.42%
98.PRA Holdings, Inc., Senior Secured First Lien Tranche B-1 Term Loan,1,290,226$1,271,194.720.41%
99.Mood Media Corp., Senior Secured First Lien Term Loan,1,285,784$1,256,853.450.41%
100.Monitronics International, Inc., Senior Unsecured Bond,1,250,000$1,250,000.000.41%
101.Pike Electric, Inc. New Term Loan1,250,000$1,244,793.750.40%
102.ADS Waste Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan,1,258,374$1,223,769.090.40%
103.Service Master Co., Senior Secured First Lien Term Loan,1,229,358$1,208,870.550.39%
104.Wastequip LLC, Senior Secured First Lien Term Loan,1,202,174$1,202,173.900.39%
105.Accellent, Inc., Senior Secured First Lien Initial Term Loan,1,213,415$1,194,703.780.39%
106.Southern Graphics, Inc., Senior Secured First Lien Term Loan,1,187,500$1,176,373.130.38%
107.McJunkin Red Man Corp., Senior Secured First Lien Term Loan,1,150,541$1,140,473.290.37%
108.Smart & Final Stores LLC, Senior Secured First Lien Term Loan,1,147,113$1,138,510.130.37%
109.Dole Food Co., Inc., Senior Secured First Lien Tranche B Term Loan,1,148,342$1,137,817.400.37%
110.SRS Distribution, Inc., Senior Secured First Lien Term Loan,1,143,421$1,136,989.300.37%
111.CT Technologies Intermediate Holdings, Inc. (aka Smart Document Solutions, Inc.), Senior Secured First Lien Initial Term Loan,1,102,778$1,095,196.170.36%
112.MSC Software Corp., Senior Secured Second Lien Term Loan,1,095,833$1,084,875.000.35%
113.Sudbury Mill CLO Ltd., Senior Unsecured Collateralized Loan Obligation,1,200,000$1,079,625.290.35%
114.DAE Aviation Holdings, Inc., Senior Secured First Lien Tranche B-1 Term Loan,1,072,147$1,066,786.580.35%
115.MPH Acquisition Holdings LLC, Senior Secured First Lien Tranche B Term Loan,1,101,181$1,061,951.580.35%
116.Sedgwick Claims Management Services, Inc., Senior Secured Second Lien Initial Term Loan,1,090,909$1,057,500.000.34%
117.Fairpoint Communications, Inc., Senior Secured Bond,1,000,000$1,050,000.000.34%
118.The Pantry, Inc., Senior Unsecured Bond,1,000,000$1,050,000.000.34%
119.Serta Simmons Holdings LLC, Senior Unsecured Bond,1,000,000$1,047,500.000.34%
120.Mitchell International, Inc., Senior Secured First Lien Initial Term Loan,1,050,265$1,040,024.490.34%
121.AssuredPartners Capital, Inc., Senior Secured First Lien Initial Term Loan,1,049,180$1,040,005.250.34%
122.SunSource Holdings, Senior Secured First Lien Term Loan,1,041,279$1,039,977.470.34%
123.Ascend Learning LLC, Senior Secured Second Lien Term Loan,1,030,303$1,036,742.420.34%
124.Signode Industrial Group U.S., Inc., Senior Secured First Lien Term Loan,1,052,515$1,031,464.900.34%
125.Vertafore, Inc. Term Loan (Second Lien)1,000,000$1,008,330.000.33%
126.Zayo Group LLC (Zayo Capital, Inc.) Term Loan1,017,227$996,674.410.32%
127.Peak 10, Inc., Senior Secured First Lien Term Loan,997,500$992,667.110.32%
128.Burlington Coat Factory Warehouse Corp., Senior Secured First Lien Term B Loan,1,000,000$990,535.000.32%
129.Peak 10, Inc., Senior Secured Second Lien Term Loan,1,000,000$988,750.000.32%
130.Logan's Roadhouse, Inc., Senior Unsecured Bond,1,300,000$984,750.000.32%
131.CHG Buyer Corp., Senior Secured First Lien Term Loan,987,012$981,153.850.32%
132.DBP Holdings Corp., Senior Secured First Lien Initial Term Loan,1,000,000$971,565.000.32%
133.The Men's Wearhouse, Inc., Senior Secured First Lien Tranche B Term Loan,975,610$968,297.540.31%
134.Brickman Group Holdings, Inc., Senior Secured First Lien Term Loan,992,506$966,661.360.31%
135.EquiPower Resources Holdings LLC, Senior Secured First Lien Term C Loan,955,650$952,668.160.31%
136.Go Daddy Operating Company, LLC, Senior Secured First Lien Initial Term Loan,964,250$950,393.730.31%
137.Caesars Entertainment Resort Properties, LLC, Senior Secured Bond,1,000,000$940,000.000.31%
138.Universal Hospital Services, Inc., Senior Unsecured Bond,1,000,000$930,000.000.30%
139.Hudson's Bay Co., Senior Secured First Lien Initial Term Loan,925,000$922,941.880.30%
140.Affinia Group, Inc., Senior Secured Tranche B-2 First Lien Term Loan,922,762$919,302.050.30%
141.Nexeo Solutions LLC (aka Ashland Distribution), Senior Secured First Lien Term B-3 Loan,924,920$918,561.530.30%
142.MMI International Ltd., Senior Secured First Lien Term Loan,908,511$903,968.090.29%
143.La Frontera Generation LLC, Senior Secured First Lien Term Loan,874,556$865,080.520.28%
144.Road Infrastructure Investment LLC, Senior Secured First Lien Term Loan,866,613$845,671.210.28%
145.Lion's Gate Entertainment Corp., Senior Secured Second Lien Term Loan,833,333$838,541.660.27%
146.Sheridan Production Partners II LP, Senior Secured First Lien SIP Facility Term Loan,833,343$825,530.110.27%
147.TPF II Power, LLC Term Loan823,970$823,623.970.27%
148.Calumet Specialty Products Partners LP, Senior Unsecured Bond,750,000$821,250.000.27%
149.Applied Systems, Inc., Senior Secured First Lien Initial Term Loan,827,083$817,435.410.27%
150.Delachaux S.A. New USD 1st Lien TL792,079$795,148.520.26%
151.Nine West Holdings, Inc., Senior Secured First Lien Initial Term Loan,798,000$773,724.840.25%
152.Moxie Patriot LLC, Senior Secured First Lien Term B-1 Loan,740,741$755,555.550.25%
153.Lundin Mining Corporation,750,000$752,812.500.24%
154.Exopack LLC, Senior Secured First Lien Term Loan,744,375$746,005.180.24%
155.Medpace, Inc., Senior Secured First Lien Initial Term Loan,746,813$742,612.030.24%
156.WS Packaging Group, Inc., Senior Secured First Lien Term Loan,743,793$740,073.780.24%
157.Chief Exploration & Development LLC, Senior Secured Second Lien Term Loan,752,941$737,882.360.24%
158.Ikaria Acquisition, Inc., Senior Secured First Lien Term Loan,736,685$733,001.970.24%
159.Eco Services Operations LLC/Finance Corp. New 1st Lien TL727,273$725,000.000.24%
160.Emerald Performance Materials LLC, Senior Secured First Lien Term Loan,727,273$717,578.180.23%
161.Penn Virginia Resource Partners LP, Senior Unsecured Bond,650,000$706,875.000.23%
162.Winebow, Inc., Senior Secured Second Lien Term Loan,693,642$686,705.100.22%
163.NVA Holdings, Inc., Senior Secured First Lien Term Loan,685,714$682,285.720.22%
164.Renaissance Learning, Inc., Senior Secured First Lien Initial Term Loan,698,246$682,102.170.22%
165.HUB International Ltd., Senior Secured First Lien Initial Term Loan,698,841$680,496.590.22%
166.TransFirst Holdings, Inc., Senior Secured First Lien Term B-2 Loan,666,667$665,000.000.22%
167.Dynegy Holdings, Inc.,650,000$644,312.500.21%
168.Sabre, Inc., Senior Secured First Lien Term B Loan,644,223$628,923.040.20%
169.Pelican Products, Inc., Senior Secured Second Lien Term Loan,562,500$562,500.000.18%
170.Empire Generating Co. LLC, Senior Secured First Lien Term B Loan,539,969$535,919.720.17%
171.Compressco Partners LP, Senior Unsecured Bond,500,000$500,000.000.16%
172.Stater Brothers Holdings, Senior Secured First Lien Term B Loan,490,574$487,816.750.16%
173.DAE Aviation Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan,486,040$483,609.910.16%
174.Swift Energy Co., Senior Unsecured Bond,500,000$477,500.000.16%
175.Berlin Packaging L.L.C. Initial Term Loan (First Lien)473,373$470,710.060.15%
176.Surgery Center Holdings, Inc., Senior Secured First Lien Term Loan,454,545$452,840.900.15%
177.Swift Energy Co., Senior Unsecured Bond,500,000$452,500.000.15%
178.QoL Meds LLC, Senior Secured First Lien Term Loan,444,444$443,333.330.14%
179.Erickson, Inc., Senior Secured Bond,469,000$443,205.000.14%
180.W3 Co., Senior Secured First Lien Term Loan,440,497$438,019.110.14%
181.Atlantic Power Co., Senior Secured First Lien Term Loan,440,458$436,328.530.14%
182.WTG Holdings III Corp., Senior Secured First Lien Term Loan,422,340$418,644.940.14%
183.Ascend Learning LLC, Senior Secured First Lien Term Loan,392,425$393,896.280.13%
184.VGroup Ltd., Senior Secured First Lien Term Loan,394,615$393,135.580.13%
185.Hillman Group, Inc., Senior Secured First Lien Term B Loan,344,531$344,531.240.11%
186.Information Resources, Inc., Senior Secured First Lien Term Loan,330,900$330,901.870.11%
187.MModal LLC, Common Equity20,481$322,575.750.10%
188.Pelican Products, Inc., Senior Secured First Lien Term Loan,299,928$298,428.820.10%
189.Unifrax I LLC, Senior Secured First Lien Dollar Term Loan,294,767$291,512.490.09%
190.Exopack Holdings SA, Senior Secured Bond,250,000$260,000.000.08%
191.Opal Acquisition, Inc. (aka One Call Medical, Inc.), Senior Secured First Lien Term B Loan,258,442$257,150.190.08%
192.Phillips-Medisize Corp., Senior Secured First Lien Initial Term Loan,229,310$228,450.440.07%
193.Solenis International LP, Senior Secured First Lien Initial Dollar Term Loan,219,298$214,546.060.07%
194.Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan211,313$208,935.840.07%
195.Dynegy Holdings, Inc.,170,000$169,787.500.06%
196.Equipower Resources Holdings LLC, Senior Secured First Lien Term B Loan,160,062$159,562.830.05%
197.Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan129,071$127,619.230.04%
198.Sheridan Production Partners II LP, Senior Secured First Lien Facility A Term Loan,115,924$114,837.210.04%
199.Winebow, Inc., Senior Secured First Lien Term Loan,114,218$113,503.700.04%
200.US 5Yr T-Note Future84$113,311.170.04%
201.PowerTeam Services (Power Buyer) Delayed Draw Term Loan (First Lien)75,669$73,966.700.02%
202.Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Canadian Term Loan,62,514$61,914.800.02%
203.Advantage Sales & Marketing, Inc., Senior Secured First Lien Delayed Draw Term Loan,59,099$57,961.090.02%
204.Sheridan Production Partners II LP, Senior Secured First Lien Term Loan,43,233$42,827.990.01%
205.Empire Generating Co. LLC, Senior Secured First Lien Term C Loan,37,862$37,577.640.01%
206.US 2Yr Note Future(23)($15,154.01)0.00%
207.US 10 Yr Note Future(40)($87,604.80)-0.03%
Net Cash Equivalent & Other Assets Minus Liabilities$13,006,145.624.23%
 Total $307,426,729.26100.00%
Total Number of Holdings: 207
Futures Holdings (as of 10/15/2014)*

Long/(Short)

Futures Contracts

Quantity
Notional Value ($) Unrealized Appreciation / Depreciation ($)
Long US 5Yr T-Note Future 84 10,139,724.00 113,311.17
Short US 2Yr Note Future (23) (5,062,898.00) (15,154.01)
Short US 10 Yr Note Future (40) (5,142,520.00) (87,604.80)

*Future Holdings are also reflected in the above Holdings table.

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.

The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

Secured loan funds are a distinct segment of the fixed income market and are not an alternative to money markets or certificates of deposit.

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund. Please read the prospectus carefully before investing.

For a more complete information about the Fund, please read the prospectus , call your financial professional or call 1.877.299.1588.

Shares of closed-end investment companies frequently trade at a discount from their net asset value. The risk of loss due to this discount may be greater for investors expecting to sell their shares in a relatively short period. The Fund is newly organized with no operating history.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee