| 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 |
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.
