DEF 14C 1 locorr_def14c.htm DEFINITIVE INFORMATION STATEMENT


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 14C INFORMATION

INFORMATION STATEMENT PURSUANT TO SECTION 14(c)
OF THE SECURITIES EXCHANGE ACT OF 1934

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[  ] Preliminary Information Statement
[  ] Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))
[X] Definitive Information Statement

LoCorr Investment Trust
(Name of Registrant As Specified In Its Charter)

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LOCORR DYNAMIC EQUITY FUND
A SERIES OF LOCORR INVESTMENT TRUST
687 EXCELSIOR BOULEVARD
EXCELSIOR, MN 55331

IMPORTANT NOTICE OF INTERNET AVAILABILITY OF INFORMATION STATEMENT

December 31, 2018

This Notice presents only an overview of the more complete Information Statement that is available to you on the Internet relating to the LoCorr Dynamic Equity Fund (the “Fund”), a series of LoCorr Investment Trust (the “Trust”).  We encourage you to access and review all of the important information contained in the Information Statement.

The Fund and the Trust have made the following material available for view:

Information Statement

The Information Statement details a recent new sub-adviser related to the Fund.  Specifically, the Board of Trustees of the Trust (the “Board of Trustees”) has approved a new sub-advisory agreement on behalf of the Fund between First Quadrant LP and LoCorr Fund Management, LLC (the “Adviser”), the investment adviser to the Fund.

The Adviser and the Trust have received an exemptive order (the “Manager of Managers Order”) from the U.S. Securities and Exchange Commission.  This Manager of Managers Order permits the Adviser to enter into and materially amend sub-advisory agreements (with non-affiliated entities) with the approval of the Board of Trustees, including a majority of Trustees who are not parties to the agreement and are not interested persons, as defined in the Investment Company Act of 1940, as amended, of the parties to the agreement, without obtaining shareholder approval.  The Manager of Managers Order requires that the Information Statement be provided to you.

By sending you this Notice, the Fund and the Trust are notifying you that they are making the Information Statement available to you online in lieu of mailing you a copy.  You may print and view the full Information Statement on the Fund’s website at http://www.locorrfunds.com, until at least March 31, 2019.  You may request a paper or email copy of the Information Statement, free of charge, by contacting the Fund in writing at LoCorr Dynamic Equity Fund, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, WI or by calling (toll-free) 1-855-523-8637 by March 31, 2019.  If you do not request a paper or email copy by this date, you may not otherwise receive a copy.

If you want to receive a paper copy of the Information Statement, you must request one.

There is no charge to you for requesting a copy.





LOCORR DYNAMIC EQUITY FUND
A SERIES OF LOCORR INVESTMENT TRUST
687 EXCELSIOR BOULEVARD
EXCELSIOR, MN 55331

____________________________
INFORMATION STATEMENT


NOTICE OF APPOINTMENT OF NEW SUB-ADVISER


A Notice of Internet Availability of this Information Statement is being mailed on or about December 31, 2018 to shareholders of record as of November 30, 2018 (the “Record Date”).  The Information Statement is being provided to shareholders of the LoCorr Dynamic Equity Fund (the “Fund”), a series of LoCorr Investment Trust (the “Trust”), an Ohio business trust with principal offices located at 687 Excelsior Boulevard, Excelsior, MN 55331, in lieu of a proxy statement, pursuant to the terms of an exemptive order that the Trust and the investment adviser to the Fund, LoCorr Fund Management, LLC (the “Adviser”), received from the U.S. Securities and Exchange Commission (“SEC”) effective as of March 23, 2016.  The exemptive order permits the Adviser, subject to approval of the Trust’s Board of Trustees (the “Board of Trustees” or the “Trustees”), to enter into or materially amend sub-advisory agreements without obtaining shareholder approval, provided that an Information Statement (or a Notice of Internet Availability of Information Statement) is sent to shareholders of the Fund.

IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF
THIS INFORMATION STATEMENT
This Information Statement is available at www.locorrfunds.com/literature.html.

WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.

The Fund will bear the expenses incurred with preparing and distributing this Information Statement.  One Notice of Internet Availability of this Information Statement may be delivered to shareholders sharing the same address unless the Fund has received contrary instructions from a shareholder.

YOU MAY OBTAIN A COPY OF THE FUND’S MOST RECENT ANNUAL OR SEMI-ANNUAL REPORT TO SHAREHOLDERS, FREE OF CHARGE, BY VISITING THE FUND’S WEBSITE AT WWW.LOCORRFUNDS.COM, BY WRITING TO THE FUND, C/O U.S. BANK GLOBAL FUND SERVICES, P.O. BOX 701, MILWAUKEE, WI 53201, OR BY CALLING (TOLL-FREE) 1-855-523-8637.
 
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LOCORR DYNAMIC EQUITY FUND
A SERIES OF LOCORR INVESTMENT TRUST
687 EXCELSIOR BOULEVARD
EXCELSIOR, MN 55331
__________________________
INFORMATION STATEMENT

NOTICE OF APPOINTMENT OF NEW SUB-ADVISER

This Information Statement is being made available to shareholders of the LoCorr Dynamic Equity Fund (the “Fund”), a series of LoCorr Investment Trust (the “Trust”), an Ohio business trust with principal offices located at 687 Excelsior Boulevard, Excelsior, MN 55331, in lieu of a proxy statement, pursuant to the terms of an exemptive order that the Trust and the investment adviser to the Fund, LoCorr Fund Management, LLC (the “Adviser”), received from the U.S. Securities and Exchange Commission (“SEC”) effective as of March 23, 2016.  The exemptive order permits the Adviser, subject to approval of the Trust’s Board of Trustees (the “Board of Trustees” or the “Trustees”), to enter into or materially amend sub-advisory agreements without obtaining shareholder approval, provided that an Information Statement (or a Notice of Internet Availability of Information Statement) is sent to shareholders of the Fund.

THE MANAGEMENT AGREEMENT

Management Agreement

Pursuant to a management agreement dated October 18, 2018, between the Trust, with respect to the Fund, and the Adviser, the Adviser serves as the investment adviser to the Fund (the “Management Agreement”).  The Management Agreement was most recently approved by the Board of Trustees at a meeting held on November 19, 2018.  Following its initial two-year period, the Management Agreement shall continue in effect from year to year only if such continuance is specifically approved at least annually by the Board of Trustees or by vote of a majority of the Fund’s outstanding voting securities, and by the vote of a majority of Trustees of the Trust who are not parties to the Management Agreement or “interested persons,” as that term is defined in the Investment Company Act of 1940, as revised (the “1940 Act”), of any such party, at a meeting called for the purpose of voting on the Management Agreement.  The Management Agreement is terminable without penalty (i) by the Trust, on behalf of the Fund, by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund, upon 60 days’ written notice to the Adviser; and (ii) by the Adviser upon 60 days’ written notice to the Fund.  The Management Agreement provides that it will automatically terminate in the event of its “assignment,” as defined in the Investment Company Act of 1940, as amended (the “1940 Act”).

The Management Agreement provides that the Adviser, except by reason of willful misfeasance, bad faith, gross negligence in the performance of its duties, or reckless disregard of its obligations and duties under the Management Agreement, will not be subject to liability for, or damages, expenses or losses incurred by the Trust in connection with any error of judgment, mistake of law, any act or omission connected with or arising out of any services rendered under, or payment made pursuant to the Management Agreement, or any other matter to which the Management Agreement relates.

At a special meeting of the Board held on October 16, 2018, the Board approved a reduction in the management fees of the Fund as well as a new expense limitation agreement. Pursuant to the Management Agreement, the Adviser is entitled to receive, on a monthly basis, an annual advisory fee of 1.50% of the Fund’s average daily net assets.  The Adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund until at least April 30, 2020, to ensure that total annual Fund operating expenses after fee waiver and/or reimbursement (exclusive of any Rule 12b-1 distribution and/or servicing fees, taxes, interest, short selling expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, swap fees and expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational costs incurred prior to the commencement of operations) will not exceed 1.99% of the Fund’s daily average net assets attributable to each class, subject to possible recoupment from the Fund within the three years following the date on which the fee waiver or expense reimbursement occurred, if such recoupment can be achieved within the foregoing expense limit.

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Prior to October 18, 2018, the Adviser earned an advisory fee of 2.45% of the Fund’s average daily net assets, before any waivers or reimbursements. For the fiscal years ended December 31, the Fund paid the following management fees to the Adviser.   

Management Fees
 
Accrued
Waived
Recouped
Total Paid
2017
$1,919,260
$(58,609)
$0
$1,860,651
2016
$1,015,046
$(102,813)
$0
$912,233
2015
$869,057
$(132,040)
$0
$737,017


INFORMATION ABOUT LOCORR FUND MANAGEMENT, LLC

LoCorr Fund Management, LLC is an SEC-registered investment adviser with principal offices located at 687 Excelsior Boulevard, Excelsior, MN 55331.  The Adviser was established in 2010 for the purpose of advising the funds within the Trust and has no other clients. As of November 30, 2018, it had approximately $1.4 billion in assets under management. Kevin M. Kinzie is deemed to indirectly control the Adviser by virtue of his ownership of more than 25% of the Adviser’s parent company’s membership interests.  Jon C. Essen is an affiliated person of the Trust because he is a Trustee and officer.  Mr. Essen is also an affiliated person of the Adviser because he is an officer of the Adviser.  Kevin M. Kinzie is an affiliated person of the Trust because he is a Trustee and officer and because he indirectly controls the Funds through his control of the Adviser, which in turn controls the Funds.  Mr. Kinzie is also an affiliated person of the Adviser because he is an officer of the Adviser and indirectly controls the Adviser.  Subject to the supervision and direction of the Trustees, the Adviser manages the Funds’ securities and investments in accordance with the Funds’ stated investment objectives and policies, makes investment decisions and places orders to purchase and sell securities on behalf of the Funds.

The following table provides information about the principal executive officers and directors of the Adviser:

Name and Address*
Title and Principal Occupation
Kevin Kinzie
Chief Executive Officer
Jon Essen
Chief Financial Officer, Chief Operating Officer
Jason Roeske
Chief Compliance Officer
Bob Sarna
Managing Director of Operations
Jackie Boie
Controller
Sean Katof
Senior Vice President, Director of Product Development, Portfolio Manager
*The address of each officer and director is that of the Adviser, listed above.

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BOARD APPROVAL AND EVALUATION OF NEW SUB-ADVISORY AGREEMENT

At an in-person meeting of the Board of Trustees held November 19, 2018 (the “Meeting”), the Board of Trustees approved First Quadrant LP (“First Quadrant”) to serve as an additional sub-adviser to the Fund.  At the Meeting, the Board of Trustees, including a majority of the Trustees who are not “interested persons” of the Trust within the meaning of the 1940 Act (the “Independent Trustees”), reviewed the various factors relevant to its consideration of the sub-advisory agreement between the Adviser and First Quadrant on behalf of the Fund (the “Sub-Advisory Agreement”), as well as the Board of Trustees’ legal responsibilities related to such consideration.  After analysis and discussions of the factors identified below, the Board of Trustees, including a majority of the Independent Trustees, approved the Sub-Advisory Agreement for an initial two-year term.

First Quadrant LP

Nature, Extent and Quality of Services Provided by First Quadrant to the Fund:  The Trustees noted that, as a sub-adviser to the Fund, First Quadrant will provide quantitative research, security selection and trade execution for the Fund’s portfolio as well as compliance services to assure assets are managed within the Fund’s investment restrictions. The Trustees also noted that First Quadrant managed approximately $23.9 billion in assets as of September 30, 2018. The Trustees reviewed the responsibilities of First Quadrant’s key individuals, noting the experience and backgrounds of these individuals. The Trustees noted that First Quadrant has certified that it adopted a code of ethics under Rule 17j-1 of the 1940 Act, and also noted the Adviser’s familiarity with First Quadrant. In response to a question, a representative of the Adviser explained that the Adviser had identified First Quadrant as a potential sub-adviser after conducting significant due diligence on First quadrant’s investment, operational and compliance capabilities.

The Trustees further noted First Quadrant’s overall strategy and risk controls. The Trustees considered First Quadrant’s compliance controls including its monitoring of Investment Company Act restrictions as well as its technology and infrastructure. As of the Trustees’ review, First Quadrant did not report any material compliance issues in the past 36 months, nor did First Quadrant have any recent regulatory examinations, material compliance issues or material litigations in the past 36 months. The Trustees concluded that First Quadrant was well-suited to perform the services as sub-adviser to the Fund.

The Trustees noted that First Quadrant carries an appropriate Errors and Omissions/Directors’ and Officers’ (“E&O/D&O”) policy. The Trustees concluded that, based on the revenue from its assets under management, First Quadrant has adequate resources available and sufficient insurance coverage. The Trustees concluded that First Quadrant is well-staffed and has a depth of experienced personnel and the quantitative expertise to provide high quality services to the Fund.

Investment Performance of First Quadrant:  The Trustees considered the investment performance of First Quadrant’s representative accounts for its tactical trend strategy, which the Trustees noted is a reasonable substitute as a reference performance record. First Quadrant’s representative fund accounts reported 1-year and since inception returns that outperformed the Barclay CTA Index and Newedge CTA Index. After a discussion, the Trustees concluded that it was reasonable that First Quadrant would provide satisfactory performance.

Costs of Services Provided and Profitability to be Realized and Extent of Economies of Scale to be Realized:  The Trustees considered the proposed sub-advisory fee was slightly lower than the average fee charged by First Quadrant to its separately managed account clients. After further discussion, the Trustees concluded that the proposed sub-advisory fee was reasonable. The Trustees considered whether there will be economies of scale with respect to the management of the Fund. The Trustees agreed that this was primarily an adviser-level issue and should be considered with respect to the overall advisory contract, taking into consideration the impact of the sub-advisory expense. After discussion, it was the consensus of the Trustees that a lack of breakpoints was acceptable. The Trustees considered the anticipated profits to be realized by First Quadrant in connection with its relationship with the Fund and whether the amount of profit is reasonable with respect to the sub-advisory services to be provided to the Fund. The Trustees noted that First Quadrant estimates realizing profits during the initial fiscal year, both in terms of percentage of revenue as well as actual dollars, based on the amount of assets that First Quadrant is expected to manage initially. The Trustees also noted First Quadrant’s intention to continue to devote considerable resources in developing and maintaining its trading programs. After a discussion, the Trustees concluded that the anticipated level of profit was not excessive.

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Conclusions:  Having requested and received such information from First Quadrant as the Trustees believed to be reasonably necessary to evaluate the terms of the Sub-Advisory Agreement, and as assisted by the advice of counsel, the Trustees concluded that the fee structure is reasonable and that approval of the Sub-Advisory Agreement is in the best interests of the shareholders of the Fund.


INFORMATION REGARDING THE SUB-ADVISORY AGREEMENT

The Sub-Advisory Agreement was approved by the Board of Trustees at the Meeting for an initial term of two years to commence on the date on which the Adviser allocates Fund assets to the sub-adviser for management.  Thereafter, continuance of the Sub-Advisory Agreement will require annual approval by the Board of Trustees or by the vote of a majority of the outstanding voting securities of the Fund, and by the vote of a majority of the Trustees who are not parties to the Sub-Advisory Agreement or interested persons of any such party.  The Sub-Advisory Agreement is terminable without penalty (i) by the Trust, on behalf of the Fund, by the Board of Trustees, by the Adviser or by the vote of a majority of the outstanding voting securities of the Fund, upon 60 days’ written notice to the sub-adviser, and (ii) by the sub-adviser upon 60 days’ written notice.  The Sub-Advisory Agreement provides that it will terminate automatically in the event of its “assignment” within the meaning of the 1940 Act, except as otherwise provided by applicable law or the exemptive order.

The Sub-Advisory Agreement provides that First Quadrant, among other duties, will make all investment decisions for the portion of the Fund’s assets allocated to the sub-adviser as described in the Fund’s prospectus.  The sub-adviser, subject to the supervision of the Board of Trustees and the Adviser, will conduct an ongoing program of investment, evaluation, and, if appropriate, sale and reinvestment of the portion of the Fund’s assets allocated to First Quadrant.  The sub-adviser also will perform certain other administrative and compliance-related functions in connection with the management of its allocated portion of the Fund’s assets.

The Sub-Advisory Agreement provides that the Adviser will compensate the sub-adviser at an incremental rate based on the Fund’s average daily net assets allocated to the sub-adviser by the Adviser, payable monthly.  The Adviser compensates the sub-advisers from the management fees that it receives from the Fund.  First Quadrant generally will pay all expenses it incurs in connection with its activities under the Sub-Advisory Agreement, other than the costs of the Fund’s portfolio securities and other investments.
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INFORMATION ABOUT FIRST QUADRANT LP

First Quadrant is an SEC-registered investment adviser with principal offices located at 800 East Colorado Boulevard, Suite 900, Pasadena, California 91101.  First Quadrant was established in 1988 and is an innovative investment management firm specializing in alternative approaches to global investing.  As of September 30, 2018, First Quadrant had approximately $23.9 billion in assets under management.

The following table provides information on the principal executive officers and directors of First Quadrant:

Name and Address*
Title and Principal Occupation
Ronnie M. Darnell
Chief Investment Officer, Managing Partner
Joel L. Brouwer
Chief Financial Officer, Partner
James R. Tufts
Chief Operating Officer, Partner
Jeff C. Chang
Chief Compliance Officer
Eugene Park
Director, General Counsel
Dori S. Levanoni
Partner, Investments
Jia Ye
Partner, Investments
Edgar E. Peters
Partner, Investments
*The address of each officer and director is that of the sub-adviser, listed above.


Portfolio Managers

Jia Ye, PhD, Partner, Investments, joined First Quadrant in 1996. She has been a partner since 2008 and is a senior member of the investment team.

Dori Levanoni, Partner, Investments, joined First Quadrant in 1991, left the firm in 1995 to work in the anatomy and neurobiology department of Washington University in St. Louis, and returned to the firm in 1996. He has been a partner since 2006 and is a senior member of the investment team.

Ms. Ye and Mr. Levanoni of First Quadrant, have each served the Fund as a sub-adviser portfolio manager since November 2018.

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ADDITIONAL INFORMATION ABOUT
LOCORR DYNAMIC EQUITY FUND

ADMINISTRATOR

U.S. Bank Global Fund Services, located at 615 East Michigan Street, Milwaukee, WI 53202, serves as the administrator of the Fund.

PRINCIPAL UNDERWRITER

Quasar Distributors, LLC, located at 777 East Wisconsin Avenue, Milwaukee, WI 53202, serves as distributor and principal underwriter for the Fund.

TRANSFER AGENT

U.S. Bancorp Fund Services, LLC, located at 615 East Michigan Street, Milwaukee, WI 53202, provides transfer agency services to the Fund.

CUSTODIAN

U.S. Bank N.A., Custody Operations, located at 1555 North River Center Drive, Suite 302, Milwaukee, WI  53212, provides custody services for the Fund.

FINANCIAL INFORMATION

The Fund’s most recent annual report and semi-annual report are available on request, without charge, by writing to the Fund, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, WI  53201 or by calling 1-855-523-8637.

RECORD OF BENEFICIAL OWNERSHIP

A principal shareholder is any person who owns of record or beneficially 5% or more of the outstanding shares of the Fund.  A control person is one who owns beneficially or through controlled companies more than 25% of the voting securities of a company or acknowledges the existence of control.  Shareholders with a controlling interest could affect the outcome of voting or the direction of management of the Fund.  For each control person listed that is a company, the jurisdiction under the laws of which the company is organized (if applicable) and the company’s parent entity are listed.

As of November 30, 2018, the total shares outstanding of each Class of the Fund were:

Share Class
Shares Outstanding
Class A
929,392.817
Class C
587,571.137
Class I
1,884,689.477

In addition, as of November 30, 2018, the following shareholders were considered to be either a control person or principal shareholder of the Fund:

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Dynamic Equity Fund – Class A

Name and Address
%
Ownership
Parent Company
State of
Jurisdiction
Type of
Ownership
National Financial Services LLC
499 Washington Blvd.
Jersey City, NJ 07310-1995
 
48.45%
Fidelity Global
Brokerage Group, Inc.
 
DE
Record
Wells Fargo Clearing Services
2801 Market Street
St. Louis, MO 63103-2523
 
17.20%
Wells Fargo
Advisors, LLC
 
DE
Record
Charles Schwab & Co. Inc.
Special Custody A/C FBO Customers
Attn: Mutual Funds
211 Main St.
San Francisco, CA 94105-1905
 
13.79%
The Charles Schwab
 Corporation
 
DE
Record
American Enterprise Investor Services
707 2nd Ave. S.
Minneapolis, MN 55402-2405
 
5.16%
American Enterprise
Investment Services, Inc.
 
MN
Record

Dynamic Equity Fund – Class C

Name and Address
%
Ownership
Parent Company
State of
Jurisdiction
Type of
Ownership
Charles Schwab & Co. Inc.
Special Custody A/C FBO Customers
Attn: Mutual Funds
211 Main St.
San Francisco, CA 94105-1905
 
20.81%
The Charles Schwab
Corporation
 
DE
Record
National Financial Services LLC
499 Washington Blvd.
Jersey City, NJ 07310-1995
 
18.25%
Fidelity Global
Brokerage Group, Inc.
 
DE
Record
American Enterprise Investor Services
707 2nd Ave. S.
Minneapolis, MN 55402-2405
 
15.62%
American Enterprise
Investment Services, Inc.
 
MN
Record
Wells Fargo Clearing Services
2801 Market Street
St. Louis, MO 63103-2523
 
14.29%
Wells Fargo
Advisors, LLC
 
DE
Record
LPL Financial
Omnibus Customer Account
Attn: Lindsay O’Toole
4707 Executive Dr.
San Diego, CA 92121-3091
 
7.39%
LPL Holdings, Inc.
 
CA
Record

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Dynamic Equity Fund – Class I

Name and Address
%
Ownership
Parent Company
State of
Jurisdiction
Type of
Ownership
Wells Fargo Clearing Services
2801 Market Street
St. Louis, MO 63103-2523
 
37.55%
Wells Fargo
Advisors, LLC
DE
Record
Charles Schwab & Co. Inc.
Special Custody A/C FBO Customers
Attn: Mutual Funds
211 Main St.
San Francisco, CA 94105-1905
 
26.75%
The Charles Schwab
 Corporation
DE
Record
National Financial Services LLC
499 Washington Blvd.
Jersey City, NJ 07310-1995
 
8.48%
Fidelity Global
Brokerage Group, Inc.
DE
Record

As of December 31, 2017, the Board members and officers of the Trust beneficially owned the following amounts of the Fund’s shares, which was less than 1% of the outstanding shares of the Fund:

Name of Trustee
Dollar Range of Equity
Securities Owned in
Dynamic Equity Fund
Aggregate Dollar Range of
Equity Securities in All
Registered Investment
Companies Overseen by
Trustee in Family of
Investment Companies
Jon C. Essen
$10,001 - $50,000
Over $100,000
Kevin M. Kinzie
None
Over $100,000
Gary Jarrett
None
None
Mark A. Thompson
Over $100,000
Over $100,000
Ronald A. Tschetter
None
Over $100,000


SHAREHOLDER PROPOSALS

The Fund is not required to hold regular meetings of shareholders each year. Meetings of shareholders are held from time to time and shareholder proposals intended to be presented at future meetings must be submitted in writing to the Fund in reasonable time prior to the solicitation of proxies for the meeting.

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DELIVERY OF SHAREHOLDER DOCUMENTS

Only one copy of the Notice of Internet Availability of this Information Statement and other documents related to the Fund, such as annual reports, proxy materials, quarterly statements, etc., is being delivered to multiple shareholders sharing an address, unless the Trust has received contrary instructions from one or more shareholders.  Shareholders sharing an address who are currently receiving a single copy of such documents and who wish to receive a separate copy of such documents may make such request by writing to the Fund, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, WI  53201 or by calling 1‑855-523-8637.  Such copies will be delivered promptly upon request.  Shareholders sharing an address who are currently receiving multiple copies of such documents and who wish to receive delivery of a single copy of such documents may make such request by contacting the Fund at the same address or telephone number.
 

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