SNLN

NASDAQ

Highland/iBoxx Senior Loan ETF

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The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx USD Liquid Leveraged Loan Index. The fund will, under normal circumstances, invest at least 80% of its assets (the "80% basket") in component securities of the underlying index. The underlying index is a subset of the Markit iBoxx USD Leveraged Loan Index. "Leveraged Loans" are loans to companies that typically already have a high amount of debt and are often characterized by lower credit ratings or higher interest rates. It is non-diversified.

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2036dPR
Highland Capital Management Fund Advisors Announces Portfolio Manager Updates for the Highland/iBoxx Senior Loan ETF
DALLAS, Sept. 25, 2020 /PRNewswire/ -- Highland Capital Management Fund Advisors, L.P. ("HCMFA") today announced recent portfolio manager updates for the Highland/iBoxx Senior Loan ETF (NASDAQ: SNLN) ("SNLN" or the "Fund"), effective September 22, 2020. David Owens was appointed as a portfolio manager for the Fund. With this appointment, Mr. Owens will oversee the Fund's investment activities. Mr. Owens previously served as a senior trading and structured products analyst for the Highland Capital Management investment platform ("Highland"). He joined Highland in 2015 from Bank of America, where he served as a senior financial analyst in the Corporate Investments and Enterprise Capital M