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In addition, fees that may be incurred by an investor in any of the funds sponsored by FS Investments may be different than fees incurred by an endowment investing in similar assets as those in which the funds invest.ДЇS Investment Solutions, LLC | 201 Rouse Boulevard | Philadelphia, PA 19112ДЇS interval funds are distributed by ALPS Distributors, Inc. Individual investors and endowments may have different investment horizons, liquidity needs and risk tolerances. An offering is made only by a prospectus, which must be made available to you in connection with any offering.В No offering is made to New York investors except by a prospectus filed with the Department of Law of the State of New York. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Securities and Exchange Commission (SEC) before investing. Investors should read and carefully consider all information found in the applicable fundвЂ™s prospectus and other reports filed with the U.S.

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Investors may obtain a copy of the applicable fundвЂ™s prospectus free of charge at or by phone at 87 for FS interval funds and closed-end funds or 87 for FS mutual funds. For funds offering shares to new investors, the applicable fundвЂ™s prospectus contains this and other information. Investors are advised to consider the investment objectives, risks, and charges and expenses of the applicable fund carefully before investing.

An investment in any fund sponsored by FS Investments involves a high degree of risk and may be considered speculative.