| 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 - 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 |
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.
