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| Fund Name: | Lazard Real Assets and Pricing Opportunities Fund |
| Adviser: | Lazard Asset Management LLC |
| Sub-Adviser(s): | None |
| Fees: | 0.70% Management Fee |
| Open- or Closed-End: | Open-End (Mutual fund) |
| Investor Restrictions: | $100,000 minimum initial investment for institutional shares, $2,500 for open shares; $1 million minimum initial investment for R6 shares |
| Filing Date: | Dec. 14, 2016 |
| Effective Date: | Dec. 30, 2016 |
| Fund Name: | VanEck Coastland Online Consumer Finance Fund |
| Adviser: | Van Eck Associates Corporation |
| Sub-Adviser(s): | Coastland Capital LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $1 million minimum initial investment; minimum subsequent investment not specified. |
| Filing Date: | Dec. 30, 2016 |
| Effective Date: | Pending |
| Fund Name: | Eaton Vance High Income 2022 Target Term Trust |
| Adviser: | Eaton Vance Management |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Dec. 20, 2016 |
| Effective Date: | Pending |
| Fund Name: | FS Diversified Income Fund |
| Adviser: | FS Diversified Income Advisor LLC |
| Sub-Adviser(s): | Not specified |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum investment for regular accounts, $1,000 for retirement plan accounts; $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C); Minimum initial investment for Class I shares not specified, subsequent investments may be made in any amount. |
| Filing Date: | Dec. 13, 2016 |
| Effective Date: | Pending |
| Fund Name: | BlackRock 2022 Global Income Opportunity Trust |
| Adviser: | BlackRock Advisers LLC |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares ($1,000) |
| Filing Date: | Dec. 6, 2016 |
| Effective Date: | Pending |
| Fund Name: | City National Rochdale Reinsurance Premium Fund |
| Adviser: | City National Rochdale LLC |
| Sub-Adviser(s): | None |
| Fees: | 0.5% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | Minimum Investment: By or through an RIA or intermediary= $1 million per RIA or intermediary; Direct Investment= $1 million |
| Filing Date: | Dec. 5, 2016 |
| Effective Date: | Pending |
| Fund Name: | PIMCO Flexible Credit Income Fund |
| Adviser: | Pacific Investment Management Company LLC |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | Not specified |
| Filing Date: | Nov. 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | Steadfast Alcentra Global Credit Fund |
| Adviser: | Steadfast Investment Adviser LLC |
| Sub-Adviser(s): | Alcentra NY LLC |
| Fees: | Management Fee: 2% of gross assets up to and including $500 million; 1.75% of gross assets over $500 million and up to and including $1 billion; and 1.50% of gross assets over $1 billion |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $4,000 minimum initial investment (Class A, T and D); $10,000 minimum initial investment (Class I); Additional purchases in $500 increments, unless made pursuant to the DRP or as otherwise permitted by the Fund |
| Filing Date: | Nov. 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | Sierra Opportunity Fund |
| Adviser: | SOF Advisors LLC |
| Sub-Adviser(s): | None |
| Fees: | 2% Management Fee; 20% incentive fee on pre-incentive net investment income with a 6% annualized hurdle and a catch up feature |
| Open- or Closed-End: | Closed-End (Annual repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts (Class A); $2,500 minimum initial investment for regular and retirement plan accounts (Class T); minimum subsequent investment of $100 under the fund's automatic investment program or $1,000 (Class A and Class T); $2 million minimum initial investment, no minimum subsequent investment (Class I) |
| Filing Date: | Oct. 31, 2016 |
| Effective Date: | Pending |
| Fund Name: | FS Energy Total Return Fund |
| Adviser: | FS Energy Advisor LLC |
| Sub-Adviser(s): | Magnetar Asset Management LLC |
| Fees: | 1.75% Management Fee on gross assets |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts, $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C); minimum investment for Class I not specified |
| Filing Date: | Oct. 25, 2016 |
| Effective Date: | Pending |
| Fund Name: | Versus Capital Real Assets Fund LLC |
| Adviser: | Versus Capital Advisors LLC |
| Sub-Adviser(s): | None |
| Fees: | $1.15% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $10 million minimum initial investment |
| Filing Date: | Oct. 19, 2016 |
| Effective Date: | Pending |
| Fund Name: | NorthStar/Townsend Institutional Real Estate Fund Inc. |
| Adviser: | Townsend Holdings LLC |
| Sub-Adviser(s): | NSAM B-TCEF Ltd. |
| Fees: | 1.5% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment, $100 minimum subsequent investment (Class A and C); $25,000 minimum initial investment (Class I) |
| Filing Date: | Oct. 19, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust Senior Floating Rate 2022 Target Term Fund |
| Adviser: | First Trust Advisors L.P. |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | None specified |
| Filing Date: | Oct. 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Preferred & Income 2022 Term Fund |
| Adviser: | Nuveen Fund Advisors LLC |
| Sub-Adviser(s): | Nuveen Asset Management LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | None specified |
| Filing Date: | Oct. 11, 2016 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Credit Opportunities 2024 Target Term Fund |
| Adviser: | Nuveen Fund Advisors LLC |
| Sub-Adviser(s): | Symphony Asset Management LLC |
| Fees: | Annual management fee to a maximum of 0.7% of the fund's average daily managed assets. |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Oct. 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Credit Opportunities 2022 Target Term Fund |
| Adviser: | Nuveen Fund Advisors LLC |
| Sub-Adviser(s): | Symphony Asset Management LLC |
| Fees: | Annual management fee to a maximum of 0.7% of the fund's average daily managed assets. |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Oct. 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Credit Opportunities 2020 Target Term Fund |
| Adviser: | Nuveen Fund Advisors LLC |
| Sub-Adviser(s): | Symphony Asset Management LLC |
| Fees: | Annual management fee to a maximum of 0.7% of the fund's average daily managed assets. |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Oct. 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | ACA/Prism Multi-Strat Alternatives Fund |
| Adviser: | Crow Point Partners LLC |
| Sub-Adviser(s): | Alternative Capital Advisers LLC |
| Fees: | Advisory fee at the annual rate of 0.75% of the fund's average daily gross invested assets; The Adviser will also receive a fulcrum fee of between 0% and 1.50%, calculated using an annual base advisory fee rate of a specified amount of the average daily net assets of the Fund, adjusted by the Fund's performance over a rolling 12-month period relative to the HFRI Fund of Funds Conservative Index. |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $25,000 minimum initial investment; $10,000 minimum subsequent investment |
| Filing Date: | Sept. 13, 2016 |
| Effective Date: | Pending |
| Fund Name: | TCW Diversified High Income 2021 Target Term Fund |
| Adviser: | TCW Investment Management Company LLC |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Aug. 30, 2016 |
| Effective Date: | Pending |
| Fund Name: | Partners Group Private Income Opportunities LLC |
| Adviser: | Partners Group (USA) Inc. |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | Accredited investor; Unspecified minimum investments |
| Filing Date: | Aug. 30, 2016 |
| Effective Date: | Pending |
| Fund Name: | Crow Point Technology Opportunity 2021 Target Conversion Trust |
| Adviser: | Crow Point Partners LLC |
| Sub-Adviser(s): | Recon Capital Partners LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded) |
| Investor Restrictions: | Minimum initial investment of 100 common shares |
| Filing Date: | Aug. 30, 2016 |
| Effective Date: | Pending |
| Fund Name: | Invesco High Income 2023 Target Term Fund |
| Adviser: | Invesco Advisers Inc. |
| Sub-Adviser(s): | Invesco Asset Management Deutschland Gmbh, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Ltd., Invesco Senior Secured Management Inc., Invesco Canada Ltd. |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Annual repurchase) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | Aug. 29, 2016 |
| Effective Date: | Pending |
| Fund Name: | Peachtree Alternative Strategies Fund |
| Adviser: | Homrich & Berg Inc. |
| Sub-Adviser(s): | ABS Investment Management LLC |
| Fees: | 1% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | Accredited investor; $25,000 minimum initial investment, $5,000 minimum subsequent investment |
| Filing Date: | Aug. 24, 2016 |
| Effective Date: | Pending |
| Fund Name: | Brookfield Real Assets Income Fund Inc. |
| Adviser: | Brookfield Investment Management Inc. |
| Sub-Adviser(s): | Schroder Investment Management North America Inc. |
| Fees: | 1.00% of average daily managed assets |
| Open- or Closed-End: | Closed-End |
| Investor Restrictions: | Not specified |
| Filing Date: | Aug. 10, 2016 |
| Effective Date: | July 12, 2016 |
| Fund Name: | XAI Octagon Credit Opportunities Alternative Registered Trust - Brokerage Feeder |
| Adviser: | XA Investments LLC |
| Sub-Adviser(s): | Octagon Credit Investors LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Feeder fund) |
| Investor Restrictions: | None specified |
| Filing Date: | Aug. 8, 2016 |
| Effective Date: | Pending |
| Fund Name: | Relative Value Fund |
| Adviser: | Vivaldi Asset Management LLC |
| Sub-Adviser(s): | RiverNorth Capital Management LLC |
| Fees: | 1.5% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $1,000 minimum initial investment |
| Filing Date: | Aug. 8, 2016 |
| Effective Date: | Pending |
| Fund Name: | Federated Project & Trade Finance Tender Fund |
| Adviser: | Federated Investment Management Company |
| Sub-Adviser(s): | Federated Investors (UK) LLP |
| Fees: | 0.50% management fee on the average daily value of the fund's total managed assets |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500,000 minimum initial investment; $25,000 minimum subsequent investment |
| Filing Date: | July 21, 2016 |
| Effective Date: | Pending |
| Fund Name: | Pioneer ILS Bridge Fund |
| Adviser: | Pioneer Investment Management Inc. |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $1 million minimum initial investment (per registered investment adviser or intermediary if made through an adviser or intermediary, or per individual investor if made directly) |
| Filing Date: | July 15, 2016 |
| Effective Date: | Pending |
| Fund Name: | NB Crossroads Private Markets Fund IV (TE) - Custody Client LLC |
| Adviser: | Neuberger Berman Investment Advisers LLC |
| Sub-Adviser(s): | NB Alternatives Advisers LLC |
| Fees: | Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund. |
| Open- or Closed-End: | Closed-End (Feeder fund) |
| Investor Restrictions: | Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment |
| Filing Date: | July 13, 2016 |
| Effective Date: | Pending |
| Fund Name: | NB Crossroads Private Markets Fund IV (TE) - Client LLC |
| Adviser: | Neuberger Berman Investment Advisers LLC |
| Sub-Adviser(s): | NB Alternatives Advisers LLC |
| Fees: | Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund. |
| Open- or Closed-End: | Closed-End (Feeder fund) |
| Investor Restrictions: | Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment |
| Filing Date: | July 13, 2016 |
| Effective Date: | Pending |
| Fund Name: | NB Crossroads Private Markets Fund IV (TI) Client LLC |
| Adviser: | Neuberger Berman Investment Advisers LLC |
| Sub-Adviser(s): | NB Alternatives Advisers LLC |
| Fees: | Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund. |
| Open- or Closed-End: | Closed-End (Feeder fund) |
| Investor Restrictions: | Accredited investors; Qualified clients; $50,000 minimum capital commitment |
| Filing Date: | July 13, 2016 |
| Effective Date: | Pending |
| Fund Name: | RiverPark Commercial Real Estate Fund |
| Adviser: | RiverPark Advisors LLC |
| Sub-Adviser(s): | Talimco LLC |
| Fees: | 0.65% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $100,000 minimum initial investment |
| Filing Date: | July 11, 2016 |
| Effective Date: | Pending |
| Fund Name: | RiverNorth/DoubleLine Strategic Opportunity Fund |
| Adviser: | RiverNorth Capital Management LLC |
| Sub-Adviser(s): | DoubleLine Capital LP |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (To be NYSE listed) |
| Investor Restrictions: | Not specified |
| Filing Date: | July 1, 2016 |
| Effective Date: | Pending |
| Fund Name: | CION Ares Diversified Credit Fund |
| Adviser: | CION Ares Management LLC |
| Sub-Adviser(s): | Unspecified entity affiliated with Ares Management LLC |
| Fees: | 1.5% Management Fee; and Non-specified percentage of quarterly pre-incentive fee net investment income. |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment (regular accounts); $1,000 minimum initial investment (retirement plan accounts) |
| Filing Date: | June 30, 2016 |
| Effective Date: | Pending |
| Fund Name: | NuShares Enhanced Yield U.S. Aggregate Bond ETF |
| Adviser: | Nuveen Fund Advisors LLC |
| Sub-Adviser(s): | Teachers Advisors Inc. |
| Fees: | Not specified |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | June 15, 2016 |
| Effective Date: | Pending |
| Fund Name: | Griffin Institutional Access Global Credit Fund |
| Adviser: | Not specified (The Adviser is an indirect majority-owned subsidiary of Griffin Capital Corporation) |
| Sub-Adviser(s): | Not specified |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment for regular accounts, $1,000 for retirement plan accounts; $100 minimum subsequent investment for regular accounts, $50 for retirement plan accounts (Class A and C) |
| Filing Date: | June 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Merger Arbitrage Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee (on daily gross assets) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | April 19, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Latin American Opportunities Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee (on daily gross assets) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | March 24, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Distressed Strategies Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee (on daily gross assets) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | March 24, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust Strategic Mortgage REIT ETF |
| Adviser: | First Trust Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 0.85% Management Fee |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | March 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust Long/Short Currency Strategy ETF |
| Adviser: | First Trust Advisors LP |
| Sub-Adviser(s): | First Trust Global Portfolios Ltd. |
| Fees: | Not specified |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | March 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust Equity Market Neutral ETF |
| Adviser: | First Trust Advisors LP |
| Sub-Adviser(s): | Perella Weinberg Partners Capital Management LP |
| Fees: | Not specified |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | March 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust CEF Income Opportunity ETF |
| Adviser: | First Trust Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | March 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | First Trust Municipal CEF Income Opportunity ETF |
| Adviser: | First Trust Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Open-End (Exchange traded) |
| Investor Restrictions: | Not specified |
| Filing Date: | March 14, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Healthcare Opportunities Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee on gross assets (Class A, C and Z) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | March 4, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Energy Opportunities Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee on gross assets (Class A, C and Z) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | March 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Discount Yield Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee on gross assets (Class A, C and Z) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $500 minimum initial investment for regular accounts, $50 for retirement accounts, $50 minimum subsequent investment (Class A and C); $100,000 minimum initial investment (Class Z) |
| Filing Date: | March 3, 2016 |
| Effective Date: | Pending |
| Fund Name: | FEG Directional Access TEI Fund |
| Adviser: | FEG Investors LLC |
| Sub-Adviser(s): | InterOcean Capital LLC |
| Fees: | 0.85% Management Fee |
| Open- or Closed-End: | Closed-End (Twice-annual repurchase; Feeder fund) |
| Investor Restrictions: | Accredited investors; $50,000 minimum initial investment; $25,000 minimum subsequent investment |
| Filing Date: | Feb. 24, 2016 |
| Effective Date: | Pending |
| Fund Name: | FS Global Credit Opportunities Fund - ADV |
| Adviser: | FS Global Advisor LLC |
| Sub-Adviser(s): | GSO Capital Partners LP |
| Fees: | 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 11.25% per year measured quarterly, once return on adjusted capital exceeds 9% per year, with a catch-up provision (at the Master Fund level) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Feeder fund) |
| Investor Restrictions: | $5,000 minimum initial investment; $500 minimum subsequent investment |
| Filing Date: | Feb. 22, 2016 |
| Effective Date: | Pending |
| Fund Name: | FS Global Credit Opportunities Fund - T |
| Adviser: | FS Global Advisor LLC |
| Sub-Adviser(s): | GSO Capital Partners LP |
| Fees: | 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 11.25% per year measured quarterly, once return on adjusted capital exceeds 9% per year, with a catch-up provision (at the Master Fund level) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Feeder fund) |
| Investor Restrictions: | $5,000 minimum initial investment; $500 minimum subsequent investment |
| Filing Date: | Feb. 22, 2016 |
| Effective Date: | Pending |
| Fund Name: | Sierra Total Return Fund |
| Adviser: | Sierra Total Return Fund Advisors LLC |
| Sub-Adviser(s): | None |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment for regular accounts, $1,000 for retirement accounts (Class A); $2,500 minimum initial investment for regular and retirement accounts (Class T); and $2 million minimum initial investment (Class I) |
| Filing Date: | Feb. 12, 2016 |
| Effective Date: | Pending |
| Fund Name: | Oppenheimer Macquarie Global Infrastructure Fund |
| Adviser: | OFI Global Asset Management Inc. |
| Sub-Adviser(s): | OppenheimerFunds Inc. (sub-adviser), Macquarie Capital Investment Management LLC (sub-sub-adviser) |
| Fees: | 0.9% Management Fee |
| Open- or Closed-End: | Open-End (Mutual fund) |
| Investor Restrictions: | $1,000 minimum initial investment (Class A, C, R and Y); $500 minimum initial investment for Traditional and Roth IRA, Asset Builder Plan, Automatic Exchange Plan and government allotment plan accounts; No minimum initial investment for wrap fee-based programs, salary reduction plans and other retirement plans and accounts. |
| Filing Date: | Feb. 6, 2016 |
| Effective Date: | May 23, 2016 |
| Fund Name: | NorthStar Real Estate Capital Income Master Fund |
| Adviser: | NSAM B-RECF Ltd. |
| Sub-Adviser(s): | NSAM US-RECF LLC |
| Fees: | 2% management fee on gross assets; 20% of pre-incentive fee net investment income that exceeds 8.75% per year measured quarterly, once return on adjusted capital exceeds 7% per year, with a catch-up provision |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Master fund) |
| Investor Restrictions: | Accredited investors |
| Filing Date: | Feb. 4, 2016 |
| Effective Date: | Pending |
| Fund Name: | NorthStar Real Estate Capital Income Fund-T |
| Adviser: | NSAM B-RECF Ltd. |
| Sub-Adviser(s): | NSAM US-RECF LLC |
| Fees: | 2% management fee on gross assets (at the Master Fund level); 20% of pre-incentive fee net investment income that exceeds 8.75% per year measured quarterly, once return on adjusted capital exceeds 7% per year, with a catch-up provision (at the Master Fund level) |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Feeder fund) |
| Investor Restrictions: | $4,000 minimum initial investment; $500 minimum subsequent investment |
| Filing Date: | Feb. 4, 2016 |
| Effective Date: | Pending |
| Fund Name: | NexPoint Real Estate Strategies Fund |
| Adviser: | NexPoint Advisors LP |
| Sub-Adviser(s): | None |
| Fees: | 1.25% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase) |
| Investor Restrictions: | $2,500 minimum initial investment (Class A and C); $100,000 minimum initial investment (Class Z); $50 minimum initial investment (retirement accounts); $50 minimum subsequent investments |
| Filing Date: | Jan. 19, 2016 |
| Effective Date: | Pending |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
