Liberty Street Horizon Fund

Overview

The Liberty Street Horizon Fund is the culmination of a longstanding relationship between the principals of Liberty Street Advisors and Horizon Asset Management, the Fund's sub-advisor. While working as their marketing agent, Liberty Street's principals developed a deep respect for Horizon's research discipline and investment expertise. A significant number of private family offices, financial advisors and large institutional financial centers share that sentiment and have regularly requested a way to expand the offering of Horizon's asset management services to their clients. This Fund was created in response to these requests and provides them not only a more flexible delivery vehicle, but also a blend of Horizon strategies.

Investment Strategy Overview

The Fund seeks to achieve long-term growth of capital by primarily investing in U.S. and foreign stocks. The Fund may invest in any size company, including small- and medium-sized companies, and further may invest in companies which are financially distressed. The Fund may also invest up to 20% of its assets in fixed income securities and may use certain derivative instruments. The Fund's investments in foreign equity stocks will primarily be purchased in developed markets, although it may also purchase foreign equity stocks in emerging markets pursuant to its investment strategy.