RiverNorth Managed Volatility Fund

Class Retirement (RNBWX)

Fund Fees

Updated 06.04.2014

Maximum Sales Fees %
Initial
Deferred

Updated 06.04.2014

Maximum Fees %
Administrative 0.05
Management 1.0
Redemption 2.0

Updated 06.04.2014

Actual Fees %
12b-1 0.25
Management 1.0
Net Expense Ratio: Annual Report 1.8
Net Expense Ratio: Prospectus 1.8

Updated 07.03.2014

Total Cost Projections
3-Year $647.00
5-Year $1,138.00
10-Year $2,490.00

Purchase Information

Updated 01.28.2014

Minimum Investments
Initial $5,000.00
Additional $100.00
Initial IRA $1,000.00
Additional IRA $100.00
Initial AIP
Additional AIP