EnTrust Diversified Select

Credit Fund L.P. Class C

Fund Investment Objectives

The Fund seeks above-average rates of return and long-term capital growth through investment as a multi-manager fund. In managing the Fund's investments, the Advisor focuses on selecting Managers who have demonstrated their skill and experience over long periods of time and through numerous market cycles. Class C shareholders are charged management fees on a sliding scale relative to assets and do not get charged an incentive fee. $1-10M: 1.40% annual management fee; $10-$50M: 1.30% annual management fee; $50-$100M: 1.20% annual management fee; Greater than $100M: 0.85% annual management fee.