AXS Merger Fund Class I Shares NMFQS:GAKIX

Under normal market conditions, the fund will invest primarily in equity securities and related derivatives of U.S. and foreign companies that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. The fund may have significant exposure to one or more economic sectors of the market. The fund may invest without limitation in securities of foreign companies. The fund is non-diversified.