span style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (plus any borrowing for investment purposes) in a portfolio of equity securities in the broader energy market (/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“Energy /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;margin-left:0%;"Companies”/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"). Energy Companies include companies in the Global Industry Classification Standard (/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“GICS”/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;") energy sector, /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"companies in the GICs utility sector (excluding water utilities), or companies in any other GICS sectors that derive at least 50% of their revenues or profits from exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing, of natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, petrochemicals, electricity, coal, uranium, hydrogen or other energy sources, renewable energy production, renewable energy equipment, energy storage, carbon, carbon dioxide, carbon dioxide and fugitive methane mitigation and management, as well as electric transmission, distribution, storage and system reliability support. Energy Companies also include companies providing engineering, consulting and construction services that derive at least 50% of their revenues or profits from the above, all of which are selected by Energy Income Partners, LLC, the Fund’s investment sub-advisor (/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“Energy Income Partners” /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"or the /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“Sub-Advisor”/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"). These companies may include publicly traded master limited partnerships or limited liability companies taxed as partnerships (/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“MLPs”/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;") and MLP affiliates. /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"The Fund’s portfolio will be selected based upon the Sub-Advisor’s belief that a professionally managed portfolio of Energy Companies offers an attractive balance of income and growth through a combination of dividends and capital appreciation. The Sub-Advisor believes that rapid changes to the energy system driven by innovations like shale, renewable energy and storage, government policies relating to sustainability for companies, and investment funds have created a wider range of /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"opportunities in the energy sector than in the past. /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;margin-left:0%;"In selecting the Fund’s portfolio, the Sub-Advisor focuses primarily on a company’s yield, growth, and valuation. In evaluating yield, the Sub-Advisor seeks companies with stable cash flows and higher-than-average dividend payout ratios or companies with cyclical cash flows that have lower and more sustainable dividend payout ratios. In evaluating growth, the Sub-advisor focuses on increasing per share earnings and cash flow, with a belief that free cash flow can drive reinvestment or share repurchase, each of which can drive per share growth. Finally, in evaluating a company’s valuation, the Sub-advisor seeks companies that have the potential to experience positive changes in value, where business restructuring, changes in management or asset mix, or changes in government policy may positively impact investor perception about a company’s future. Through the analysis described above, and use of rigorous investment research and analytical tools applied to stock selection and portfolio construction, the Sub-Advisor selects companies for the Fund’s portfolio that it believes have the best /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"potential to achieve the Fund’s investment objective. /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"The Fund may invest in U.S. and non-U.S. companies, including depositary receipts and investments that are denominated in U.S. or non-U.S. currencies, with various market capitalizations. /spanspan style="font-family:Arial;font-size:9.00pt;"As of January 30, 2026, the Fund had significant investments /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"in energy companies and utility companies, although this may change from time to time. /spanspan style="font-family:Arial;font-size:9.00pt;"Over time, the Fund may have /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"significant investments in a jurisdiction, investment sector or industry or group of industries that it may not have had as of January/spanspan style="font-family:Arial;font-size:9.00pt;" 30, 2026./spanspan style="font-family:Arial;font-size:9.00pt;"To the extent the Fund invests a significant portion of its assets in a given jurisdiction,/spanspan style="font-family:Arial;font-size:9.00pt;line-height:10.80pt;" /spanspan style="font-family:Arial;font-size:9.00pt;"investment sector /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"or industry or group of industries/spanspan style="font-family:Arial;font-size:9.00pt;", the Fund may be exposed to the risks associated with that jurisdiction,/spanspan style="font-family:Arial;font-size:9.00pt;line-height:10.80pt;" /spanspan style="font-family:Arial;font-size:9.00pt;"investment sector /spanspan style="font-family:Arial;font-size:9.00pt;margin-left:0%;"or industry or group of industries/spanspan style="font-family:Arial;font-size:9.00pt;". While the Fund may invest in equity securities of MLPs, the Fund will limit its investment in MLPs, or other companies taxed as partnerships in order to comply with applicable tax diversification rules. /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;"The Fund is classified as “non-diversified” under the Investment Act of 1940, as amended (the /spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;font-style:italic;"“1940 Act”/spanspan style="color:#000000;font-family:Arial;font-size:9.00pt;")./span