Highland HFR Global ETF (HHFR)

Highland Capital Management Fund Advisors, L.P., investment adviser to Highland HFR Global ETF (the “Fund”), announced on April 1, 2016 that it will be closing and liquidating the Fund effective April 11, 2016. On April 15, 2016, the Fund made a final liquidating distribution to shareholders in the amount of $2,765,130.00 or $18.4342 per share.

For more information, please see the press release here. For questions regarding the liquidation, please contact SEI Shareholder Services at 1-855-799-4757.

Premium/Discount to NAV

As of: TICKER NAV CLOSE BID/ASK MID PT PREMIUM/DISCOUNT
Highland HFR Global ETF
Quarter:

Explanation of Premium/Discount:

Premium is when an ETF’s market price (selling or purchase price) is greater than its calculated NAV. So when the ETF’s price is above the NAV, the ETF is said to trade at a “premium” – the ETF is trading higher than what the underlying holdings are worth.

Discount is when an ETF’s market price (selling or purchase price) is less than its calculated NAV. So when the ETF’s price is lower than the NAV, the ETF is said to be at a “discount” – the ETF is valued less than the fund’s overall holdings.

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.

The data resented represents past performance and cannot be used to predict future results. Carefully consider the investment objectives, risk factors, charges, and expenses of the Fund before investing. This and additional information about the Fund can be found in the prospectus, which may be obtained by calling 1-855-4757 or by visiting the Documents tab on the fund page. Read the prospectus carefully before investing.

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The daily market price is calculated using the Midpoint price which is the midpoint between the Ask price and the Bid price at the time the NAV is calculated (generally XX p.m. eastern time). The vertical axis of the chart shows the premium or discount of the Midpoint price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.