Interval Funds
Interval funds focused on income, diversification, and structured equity participation.
NAGRX
Multi-strategy interval fund with a focus on current income
DNLIX
Primary focus on income-generating investments, with the income used to create potential capital appreciation
The Structure
Shares are priced daily at NAV and can be purchased any business day, with a $1,000 minimum initial investment.
Each fund offers to repurchase at least 5% of outstanding shares every quarter, in line with its repurchase policy.
Shares do not trade on an exchange and are not redeemable on demand. Liquidity comes through the quarterly repurchase offers. Interval Funds are considered illiquid.
Schedule a call with our team to talk through how our interval funds work, or get to know the people who manage them.
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An investment in the Funds’ shares is subject to risks. The value of the Funds’ investments will fluctuate based on changes in the prices of the securities they hold, which will cause the value of the Funds’ shares to increase or decrease. You could lose money by investing in the Funds. By themselves, the Funds do not constitute a complete investment program. Before investing in the Funds, you should carefully consider the risks they face, along with the other information contained in the prospectus.
Since the Funds are non-diversified, they may be subject to greater volatility and potential reduction of capital than funds that are more broadly allocated across a larger number of securities. An investment in the Funds involves risk. The Funds are new and lack a significant operating history by which to evaluate their potential performance. There can be no assurance that the Funds’ strategies will be successful. The Funds may use leverage in their investments by “borrowing,” which increases both the risk of loss and the potential for profit.
Shares of the Funds are not listed on any securities exchange, making them inherently illiquid. There is no secondary market for the Funds’ shares, and it is not anticipated that one will develop. Shares of the Funds are not redeemable. Therefore, an investment in the Funds may not be suitable for investors who may need access to their invested capital within a specific time frame.
Although the Funds will offer to repurchase at least 5% of outstanding shares on a quarterly basis in accordance with their repurchase policies, they are not required to repurchase shares at a shareholder’s option, nor are shares exchangeable for units, interests, or shares of any other security. The Funds are not obligated to extend repurchase offers beyond the minimum, and shareholders should not expect the Boards of Trustees to authorize repurchases in excess of 5% of outstanding shares.
Regardless of how the Funds perform, investors may not be able to sell or otherwise liquidate their shares when desired and, except as permitted under the quarterly repurchase offer, will be unable to reduce exposure during market downturns.
The Funds may invest a portion of their assets in securities with speculative characteristics, such as lower-rated or unrated debt commonly referred to as “high yield bonds” or “junk bonds.”
Shares are an illiquid investment.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other important information about the Fund, please visit the Documents section of this website or call 1-800-632-4027. Read the prospectus carefully before investing.
Shareholder Services: 1-800-632-4027
Investment Professionals: 770-350-8700 or info@LSfunds.com
NAGRX and DNLIX are closed end interval fund distributed by Foreside Fund Services, LLC, which is not affiliated with the Adviser.
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KHPI is subject to investment risks, including possible loss of principal. Investors should carefully consider the fund’s objectives, risks, charges, and expenses before investing. This and other important information are contained in the fund’s prospectus and summary prospectus, which can be obtained by visiting the KHPI website. Please read the prospectus and summary prospectus carefully before investing.
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DFNDX is subject to investment risks, including possible loss of principal. Investors should carefully consider the fund’s objectives, risks, charges, and expenses before investing. This and other important information are contained in the fund’s prospectus and summary prospectus, which can be obtained by visiting the DFNDX website. Please read the prospectus and summary prospectus carefully before investing.
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KPO is subject to investment risks, including possible loss of principal. Investors should carefully consider the fund’s objectives, risks, charges, and expenses before investing. This and other important information are contained in the fund’s prospectus and summary prospectus, which can be obtained by visiting the KPO website. Please read the prospectus and summary prospectus carefully before investing.
