EnTrust Diversified Select

Credit Fund Ltd. Class C

Fund Investment Objectives

The Fund seeks above-average rates of return and long-term capital growth as a multi-manager fund through a diversified portfolio of private investment entities and/or separately managed accounts managed by portfolio managers specializing in credit related alternative investment strategies. 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.