Fund Name:

NorthStar Real Estate Capital Income Fund-ADV

Adviser:

CNI RECF Advisors LLC

Sub-Adviser(s):

None specified

Fees:

Management fee paid at the Master Fund level - fee calculated at an annual rate of 1.25% of the Master Fund's average daily net assets.

Open- or Closed-End:

Closed-End (Feeder fund)

Investor Restrictions:

$4,000 minimum initial investment, $100 minimum subsequent investment

Filing Date:

June 1, 2017

Effective Date:

Pending

Fund Name:

Putnam PanAgora Managed Futures Fund

Adviser:

Putnam Investment Management LLC

Sub-Adviser(s):

PanAgora Asset Management Inc.

Fees:

1% Management Fee

Open- or Closed-End:

Open-End (Mutual fund)

Investor Restrictions:

$500 minimum initial investment (currently waived; Putnam reserves the right to reject initial investments of less than $500 at its discretion)

Filing Date:

May 23, 2017

Effective Date:

Pending

Fund Name:

PanAgora Market Neutral Fund

Adviser:

Putnam Investment Management LLC

Sub-Adviser(s):

PanAgora Asset Management Inc.

Fees:

1.3% Management Fee

Open- or Closed-End:

Open-End (Mutual fund)

Investor Restrictions:

$500 minimum initial investment (currently waived; Putnam reserves the right to reject initial investments of less than $500 at its discretion)

Filing Date:

May 23, 2017

Effective Date:

Pending

Fund Name:

Putnam PanAgora Risk Parity Fund

Adviser:

Putnam Investment Management LLC

Sub-Adviser(s):

PanAgora Asset Management Inc.

Fees:

0.75% Management Fee

Open- or Closed-End:

Open-End (Mutual fund)

Investor Restrictions:

$500 minimum initial investment (currently waived; Putnam reserves the right to reject initial investments of less than $500 at its discretion)

Filing Date:

May 23, 2017

Effective Date:

Pending

Fund Name:

Vivaldi Opportunities Fund

Adviser:

Vivaldi Asset Management LLC

Sub-Adviser(s):

RiverNorth Capital Management LLC and Angel Oak Capital Advisors LLC

Fees:

Management fee payable on a monthly basis at the annual rate of 1.4% of the Fund's average daily Managed Assets.

Open- or Closed-End:

Closed-End (Exchange traded)

Investor Restrictions:

$1,500 minimum initial investment, $500 minimum subsequent investment

Filing Date:

May 22, 2017

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.