sustain a significant risk of loss as a result of changes in the price of unhedged positions. In addition, there is no guarantee that the returns of the Multi-Strat Fund will continue to have a low correlation or be non-correlated with market indices and the Multi- Sint Fund could experience significant losses. The

to or may conflict with those of the Corporate Value Fund, or may compete with or have interests adverse to the Corporate Value Fund. For example, the Multi-Strat Fund implements the Strategy as one of its various strategies. Such conflicts could affect the prices and availability of securities in which the Corpor