A Path to the World of Alternative Investments

The Multi-Strategy Growth & Income Fund may serve as a core holding for long-term investors and can potentially provide consistent income, lower volatility, and a hedge against inflation through a combination of equity income investments, business development companies, and real estate investment trusts.

About the Fund

Public, Private, Listed, and Non-listed Securities All in One Fund

The Multi-Strategy Growth & Income Fund (“the Fund”) is a continuously offered, diversified, closed-end interval fund featuring an annualized 6% managed distribution rate, paid monthly, and quarterly redemption offers of no less than 5% of shares outstanding*. The Fund seeks to achieve long-term performance non-correlated to the broad stock and bond markets. It invests primarily in real estate investment trusts, debt and equity income securities, and alternative investment funds.

Income Potential

Core Alternative Allocation

Seeks Low Correlation with Traditional Asset Classes

Quarterly Access to Liquidity

*Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for up to 5% of the shares outstanding at net asset value. The Fund’s distribution policy is expected to result in distributions that equal a fixed percentage of the Fund’s current net asset value per share. All or a portion of a distribution may consist of a return of capital (i.e. from your original investment). Shareholders should not assume that the source of a distribution from the Fund is net profit.

Risk Management

Available in four unique share classes, the Fund gives investors access to alternative income strategies that may provide greater yields and growth opportunities than traditional investments without requiring the high minimum investment that such strategies often entail.

The Fund aims to maximize risk-adjusted returns and therefore does not try to directly compete with stocks or bonds. Instead, it consists of investments with low correlations to these traditional asset classes, seeking to lower overall volatility and add value to an investor’s existing investment portfolio across a variety of market cycles.

There is no guarantee that the Fund will achieve its objectives, generate profits, or avoid losses. Alternative investments typically have a different return profile and different risks than traditional investments.

Asset allocation among investment categories and specific securities is determined according to a risk budgeting process that categorizes each security as core, value-added, or opportunistic.

  • Core allocations are essential to delivering non-correlated returns; holding periods are expected to be three to five years.
  • Value-added allocations are expected to have shorter holding periods and may be over-weights of core allocations.
  • Opportunistic allocations take advantage of short-term inefficiencies; holding periods are expected to be approximately twelve months.
Allocation Methology

Top 10 Holdings

As of July 31, 2018

Security DescriptionAsset %
Collins Masters Access Fund, Ltd.14.57%
Clarion Lion Properties Fund7.62%
Clarion Lion Industrial Trust6.87%
Cottonwood Residential, Inc.6.64%
Mosaic Real Estate Credit, LLC5.23%
NorthStar Healthcare Income, Inc.4.55%
Ovation Alternative Income Fund4.03%
CION Investment Corporation3.65%
Hospitality Investors Trust, Inc.3.39%
Healthcare Trust, Inc.3.06%

Portfolio holdings are subject to change and should not be considered investment advice. 7419-NLD-08/23/2018

All Holdings

As of July 31, 2018

Fund Performance

Distributions

PeriodRecord DateClass A: MSFDXClass C: MCFDXClass I: MSFIXClass L: MSFYX
September 20189/26/2018$0.0709$0.0689$0.0720$0.0696
August 20188/29/2018$0.0721$0.0701$0.0731$0.0708
July 20187/27/2018$0.0715$0.0696$0.0725$0.0702
June 20186/27/2018$0.0729$0.0710$0.0740$0.0717
May 20185/29/2018$0.0729$0.0711$0.0739$0.0717
April 20184/26/2018$0.0723$0.0705$0.0733$0.0711
March 20183/27/2018$0.0722$0.0705$0.0732$0.0711
February 20182/26/2018$0.0732$0.0715$0.0742$0.0720
January 20181/29/2018$0.0755$0.0738$0.0765$0.0743
December 201712/27/2017$0.0762$0.0745$0.0772$0.0750
November 201711/29/2017$0.0764$0.0747$0.0774$0.0753
October 201710/27/2017$0.0766$0.0750$0.0776$0.0755
September 20179/27/2017$0.0768$0.0752$0.0777$0.0757
August 20178/29/2017$0.0763$0.0747$0.0772$0.0752
July 20177/27/2017$0.0768$0.0753$0.0777$0.0758
June 20176/28/2017$0.0771$0.0756$0.0780$0.0761
May 20175/26/2017$0.0781$0.0767$0.0790$0.0772
April 20174/29/2017$0.0787$0.0773$0.0796$0.0778
March 20173/29/2017$0.0782$0.0769$0.0791$0.0773
February 20172/24/2017$0.0792$0.0779$0.0801$0.0783
January 20171/27/2017$0.0787$0.0775$0.0796$0.0779
December 201612/28/2016$0.0782$0.0770$0.0790$0.0774
November 201611/28/2016$0.0779$0.0768$0.0787$0.0771
October 201610/27/2016$0.0779$0.0768$0.0787$0.0772
September 20169/28/2016$0.0792$0.0781$0.0800$0.0785
August 20168/29/2016$0.0792$0.0782$0.0800$0.0785
July 20167/27/2016$0.0792$0.0783$0.0800$0.0786
June 20166/28/2016$0.0780$0.0771$0.0783$0.0774
May 20165/26/2016$0.0774$0.0765$0.0777$0.0768
April 20164/28/2016$0.0775$0.0767$0.0778$0.0769
March 20163/29/2016$0.0777$0.0770$0.0780$0.0772
February 20162/25/2016$0.0762$0.0755$0.0764$0.0757
January 20161/27/2016$0.0761$0.0755$0.0763$0.0757
December 201512/29/2015$0.0783$0.0777$0.0785$0.0779
November 201511/25/2015$0.0783$0.0778$0.0785$0.0780
October 201510/28/2015$0.0793$0.0788$0.0795$0.0789
September 20159/28/2015$0.0778$0.0774$0.0780$0.0775
August 20158/27/2015$0.0789$0.0785$0.0791$0.0786
July 20157/29/2015$0.0809$0.0805$0.0810$0.0806
June 20156/26/2015$0.0806$0.0803$0.0807$0.0804
May 20155/27/2015$0.0826$0.0823$0.0827$0.0824
April 20154/28/2015$0.0836$0.0833$0.0836$0.0834
March 20153/27/2015$0.0836$0.0834$0.0837$0.0835
February 20152/25/2015$0.0722$0.0633$0.0754$0.0667
January 20151/28/2015$0.0567$0.0473$0.0603$0.0505
December 201412/29/2014$0.0809$0.0706$0.0847$0.0746
November 201411/25/2014$0.0642$0.0612$0.0672$0.0614
October 201410/29/2014$0.0682$0.0592$0.0720$0.0627
September 20149/26/2014$0.0646$0.0553$0.0646$0.0596
August 20148/27/2014$0.0770$0.0696$0.0769$0.0733
July 20147/29/2014$0.0641$0.0605$0.0632
June 20146/26/2014$0.0626
May 20145/28/2014$0.0713
April 20144/28/2014$0.0637
March 20143/27/2014$0.0713
February 20142/26/2014$0.0647
January 20141/29/2014$0.0690
December 201312/27/2013$0.0700
November 201311/26/2013$0.0690
October 201310/29/2013$0.0686
September 20139/26/2013$0.0678
August 20138/28/2013$0.0653
July 20137/29/2013$0.0640
2Q 20136/26/2013$0.1850
1Q 20133/26/2013$0.1736
4Q 201212/26/2012$0.1631
3Q 20129/26/2012$0.1274
2Q 20126/27/2012$0.0650

Note: Cumulative distributions represent the Fund’s total regular distributions (excluding capital gain distributions and tax reporting adjustments) per share from inception through the time periods shown in the chart above. Monthly distributions include a return of shareholder capital. The Fund’s distribution rate amounts were calculated based on the ordinary income received from the underlying investments net of Fund expenses. Net capital gains realized from the disposition of Fund investments, if any, will be paid out annually. The distribution rate does not reflect other non-income items and has not been adjusted for tax reporting purposes.


Please contact LCM Investment Management, LLC (“LCM”) at (800) 825-0937 if you have any general questions regarding distributions. This information is general in nature and should not be construed as legal or tax advice. LCM makes no warranties with regard to such information or the results obtained by its use. LCM disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Always consult an attorney or qualified tax professional regarding your specific legal or tax situation. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Multi-Strategy Growth & Income Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (855) 601-3841. The prospectus should be read carefully before investing. The Multi-Strategy Growth & Income Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. LCM Investment Management, conducting business as Lucia Capital Management, is not affiliated with Northern Lights Distributors, LLC. 7460-NLD-09/17/2018

Resources

Fund Materials

Fact Sheet

Fact Sheet

prospectus

Prospectus

sai

Statement of Additional Information

MSGI Annual Report

2018 Annual Report

MSGI Annual Report

2017 Semi-Annual Report

MSGI Annual Performance Update

Annual Performance Update

MSGI Annual Performance Update

Market Commentary

MSGI Audit Committee Charter

Audit Committee Charter

Account Forms

New Account Application Form

New Account Application Form

Individual Retirement Transfer of Assets

Individual Retirement Transfer of Assets

Individual Retirement Custodial Account Adoption Agreement

Individual Retirement Custodial Account Adoption Agreement

Designation of Transfer on Death Beneficiary Form

Designation of Transfer on Death Beneficiary Form

Contact

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