Core Market Neutral Fd USD Class N (STTKX) Exchange: NMFQS

DELISTED - The Fund seeks exposure to equity and equity-related securities based on market neutral strategies. Market neutral strategies use quantitative and statistical data analysis to take advantage of pricing aberrations in equity and equity-related securities. The Fund’s advisor seeks exposure to market neutral strategies by investing the Fund’s assets in negotiated derivative instrument(s) with counterparty banks (such as a swap, option, or other derivative) that provides exposure to one or more market neutral strategies. To preserve principal and to generate income, the advisor may also invest the Fund’s assets in short-term investment grade fixed-income securities. Such short-term fixed income securities include commercial paper and U.S. Treasury securities.   Additionally, the Fund has exposure to long or short positions in equity securities of U.S. and non-U.S. companies of various market capitalizations. The Fund defines equity securities as common and preferred stocks and equity-related securities such as securities and financial instruments (e.g. derivatives) that derive their value from equity securities. The equity and equity-related securities in which the Fund invests may be listed or unlisted, of issuers of any size, and may include, but are not limited to, common stocks, preferred stocks, rights, warrants and total return swap contracts (including equity and asset swaps). Equity swaps may be based on a single name equity, a broader basket of equities, or an equity index.   With respect to derivatives that provide exposure to one or more third-party managers’ market neutral strategies, the Fund’s exposure to long and short positions will be based on the manager’s strategy, which employs statistical and quantitative analysis to identify pricing aberrations in equity and equity-related securities. The manager’s strategy seeks to take advantage of the pricing aberrations identified by its models, which utilize inputs such as price data, fundamental data, and corporate events. In normal market conditions, the advisor will attempt to maintain exposure to strategies at or near both market neutral (that is, a nearly equal amount of long and short position exposure) and beta neutral (that is, the Fund’s returns have little or no correlation to the overall market’s returns).   In general, the Fund may take or have exposure to long positions in those securities believed to be undervalued, and short positions in those securities believed to be overvalued. The advisor or manager may sell a long position when a price target is reached, fundamentals have deteriorated or more attractive investments are available. The advisor or manager may cover (buy back) short positions when a price target is reached, fundamentals have improved or more attractive short positions are available.