| Fund Name: | FS Multi-Alternative Income Fund |
| Adviser: | FS Multi-Alternative Advisor, LLC |
| Sub-Adviser(s): | GoldenTree Asset Management Credit Advisor LLC, KKR Credit Advisors (US) LLC and StepStone Group Real Estate LP. |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Interval fund) |
| 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, L, M and T); $1 million minimum initial investment, no restrictions on subsequent investments (Class I) |
| Filing Date: | April 17, 208 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Emerging Markets Debt 2025 Term Fund |
| Adviser: | Nuveen Fund Advisors, LLC |
| Sub-Adviser(s): | Teachers Advisors, LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded - NYSE) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | April 13, 2018 |
| Effective Date: | Pending |
| Fund Name: | Nuveen Impact Bond 2025 Term Fund |
| Adviser: | Nuveen Fund Advisors, LLC |
| Sub-Adviser(s): | Teachers Advisors, LLC |
| Fees: | Not specified |
| Open- or Closed-End: | Closed-End (Exchange traded - NYSE) |
| Investor Restrictions: | Minimum investment of 100 common shares |
| Filing Date: | April 13, 2018 |
| Effective Date: | Pending |
| Fund Name: | Symmetry Panoramic Alternatives Fund |
| Adviser: | Symmetry Partners, LLC |
| Sub-Adviser(s): | None |
| Fees: | 1.29% Management Fee |
| Open- or Closed-End: | Open-End |
| Investor Restrictions: | $1,000 minimum initial investment; $100 minimum subsequent investment |
| Filing Date: | April 5, 2018 |
| Effective Date: | Pending |
| Fund Name: | Cliffwater Direct Lending Fund |
| Adviser: | Cliffwater LLC |
| Sub-Adviser(s): | Not specified |
| Fees: | 1% Management Fee |
| Open- or Closed-End: | Closed-End (Quarterly repurchase; Interval fund) |
| Investor Restrictions: | $10,000 minimum initial investment (Class A and B), $1 million minimum initial investment (Class I); $5,000 minimum subsequent investment. |
| Filing Date: | March 30, 2018 |
| 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.
