Can You Time Managed Futures?

Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other important information about the Fund is contained in the Fund’s prospectus, which can be obtained by calling 855.775.5571 or visiting www.steben.com. Please read the prospectus carefully before investing.

Managed futures involve special risks and considerations. Each fund’s investment program is speculative and involves risks inherent in an investment in securities, as well as specific risks associated with the use of leverage, short sales, options, futures, derivatives, junk bonds, emerging markets, illiquid securities and limited regulatory oversight.

Alternative investment products, including managed futures involve a high degree of risk, often engage in leveraging and other speculative investment practices that may increase the risk of investment loss, can be highly illiquid, are not always required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, may not be not subject to the same regulatory requirements as mutual funds, often charge high fees which may offset any trading profits, and in many cases the underlying investments are not transparent and are known only to the investment manager. Alternative investment performance can be volatile. An investor could lose all or a substantial amount of his or her investment.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

This information is provided for educational purposes only. Steben does not make any representation or warranty, express or implied, as to the information's accuracy or completeness, and accepts no liability for any inaccuracy or omission. No reliance should be placed on the information and it should not be used as the basis of any investment decision.

Foreside Fund Services, LLC, Distributor