FSYIX : FS Long/Short Equity Fund Class I

Fund Summary

The investment seeks to provide equity-like returns through long-short investing within equity markets. Under normal market conditions, the fund pursues its investment objective by investing at least 80% of its net assets in equity instruments and equity related and/or derivative instruments. Equity instruments include common stock, preferred stock, and depositary receipts ("Equity Instruments"). Equity related and/or derivative instruments are investments that provide exposure to the performance of Equity Instruments, including equity swaps, equity index futures, ETFs and ETN and similar pooled investment vehicles. The fund is non-diversified.