Managed portfolio risk – As an actively
managed portfolio, the Fund's portfolio manager(s) make decisions to buy and sell holdings in the Fund's portfolio. Because of this, the
value of the Fund’s investments could decline because the financial condition of an issuer may change (due to such factors as management
performance, reduced demand or overall market changes), financial markets may fluctuate or overall prices may decline, the Sub-Adviser's investment
techniques could fail to achieve the Fund’s investment objective or negatively affect the Fund’s investment performance, or
legislative, regulatory, or tax developments may affect the investment techniques available to the Sub-Adviser of the Fund.
There is no guarantee that the investment objective of the Fund will be achieved.
REIT investment risk – The
risks of investing in REITs include certain risks associated with the direct ownership of real estate and the real estate industry in
general. These include risks related to general, regional and local economic conditions; difficulties in valuing and disposing of real
estate; fluctuations in interest rates and property tax rates; shifts in zoning laws; environmental regulations and other governmental
action; cash flow dependency; increased operating expenses; lack of availability of mortgage funds; losses due to natural disasters; overbuilding;
losses due to casualty or condemnation; changes in property values and rental rates; the management skill and creditworthiness of the
REIT manager; and other factors. REITs may have limited financial resources, may trade less frequently and in limited volume, may engage
in dilutive offerings of securities and may be more volatile than other securities. REITs could be adversely affected by failure to maintain
their exemptions from registration under the Investment Company Act of 1940, as amended, or failure to qualify for the “dividends
paid deduction” under the Internal Revenue Code of 1986, as amended, which allows REITs to reduce their corporate taxable income
for dividends paid to their shareholders.