Morningstar Alternatives Fund (MSTVX) Diversifiers

The investment seeks long-term capital appreciation and low sensitivity to traditional U.S. asset classes. In seeking long-term capital appreciation and low sensitivity to traditional U.S. asset classes, the fund allocates assets to strategies that provide alternative sources of return including (i) long/short macro strategies; (ii) long/short alpha strategies; (iii) merger arbitrage strategy; and (iv) convertible arbitrage strategy. It will normally invest in both U.S. and non-U.S. securities, including securities of companies located in emerging markets. The fund may invest in non-U.S. dollar denominated investments.