West Loop Realty Fund Awarded Five Star Morningstar Rating™

NEW YORK, Jan. 10, 2017 /PRNewswire/ -- Liberty Street Advisors, Inc. ("Liberty Street") has announced that the A and I share classes of the West Loop Realty Fund (the "Fund") received a five-star Overall Morningstar Rating^™ out of 235 funds in the Real Estate category as of December 31^st, 2016 based on risk-adjusted returns for the 3-year period.

The Morningstar Rating^™, commonly referred to as the Star rating, allows fund investors to assess a fund's performance within its category. Mutual funds are rated from one to five stars, with the best performers receiving five stars. Funds awarded a five-star rating rank in the top 10% of risk-adjusted returns in their category.

"We were excited to learn that Morningstar had awarded us a five-star rating for West Loop Realty Fund," said West Loop Portfolio Managers Bruce Garrison and Matt Werner in a recent statement. "We are proud of our investment process, which fully integrates property tours, management one-on-one meetings, and proprietary financial analysis with top down analysis of economic conditions in cities across the United States.  This intense research allows us to construct a concentrated portfolio of our highest conviction real estate companies.  We also employ specific risk management tools across the portfolio, as well as property sector, and geography in an attempt to maximize risk-adjusted returns."    

As of 12/31/16, the fund's 3 year annualized returns of 13.59%, 12.74%, and 13.84% for the A,C and I shares, respectively, compares to the average of 11.78% for the Morningstar peer group, and 13.23% for our benchmark, the MSCI US REIT Index. 

The West Loop Realty Fund is available at UBS, Morgan Stanley, and various independent broker dealers as well as through major custodians including Charles Schwab, Fidelity, Pershing, & TD Ameritrade.

About the Fund
The West Loop Realty Fund ("The Fund") is an open-end mutual fund investing primarily in income-producing securities, such as Real Estate Investment Trusts ("REITs"). The fund employs an investment process founded in diligent fundamental research, boots-on-the-ground experience, and proprietary earnings models. The fund typically assembles portfolios of 25-35 companies that are diversified by property type, geography, and tenant in an attempt to maximize risk-adjusted returns.

About Liberty Street Advisors
Liberty Street offers investors mutual funds which are sub-advised by third party boutique independent managers who possess a particular expertise in their space. Through its selective multi-manager family of funds, Liberty Street provides access to timely investment strategies designed to help investors and financial advisors meet the challenges of today's market environment. With approximately $3.1 billion in assets under management as of 12/31/16, Liberty Street is the advisor to the Center Coast MLP Focus Fund, the West Loop Realty Fund, the Robinson Tax Advantaged Fund, the Robinson Opportunistic Income Fund, the Braddock Multi-Strategy Income Fund, and the Horizon Spin-off & Corporate Restructuring Fund.

About Chilton Capital Management LLC
Chilton Capital Management LLC is an independently owned and operated firm formed in 1996. Chilton provides investment advisory services for private clients, family offices, endowments, foundations, retirement plans and trusts. Chilton focuses on traditional methods of security analysis; primarily research, critical thought and analytical depth, which are integral to their investment process. Chilton's investment approach seeks to combine its real estate industry experience with traditional methods of security selection to make sound investment decisions in real estate companies.

Performance (as of 12/31/2016)

Performance data quoted represents past performance and is no guarantee of future results. Total return figures include the reinvestment of dividends and capital gains. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For the most recent month end performance, please call (800) 207-7108. Returns showing less than one year are cumulative. *ITD represents inception-to-date data. The Fund's inception date was 12/31/2013. The gross operating expense ratio for the Class A, C, and Institutional Shares are 1.82%, 2.57% and 1.57%, respectively. The net operating expenses after fee waiver and/or expense reimbursements are 1.50%, 2.25% and 1.25% for the Class A, C, and Institutional Shares, respectively. The contractual agreement between the Fund and the Advisor for fee waiver and/or expense reimbursement is in effect until April 30, 2017. Without the contractual agreement, performance would have been lower. Fund performance may be subject to substantial short-term changes.

Before investing you should carefully consider the West Loop Realty Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800) 207-7108 or by visiting the Fund's website at www.libertystreetfunds.com. Please read the prospectus and summary prospectus carefully before you invest.

For information about the Fund, please contact your Financial Advisor, or contact the Fund directly at (800) 207-7108. 
Financial Professionals only may call: (212) 240-9726
Media Relations please contact: (703) 933-3437

RISK AND OTHER DISCLOSURES:
An investment in the West Loop Realty Fund is subject to risk, including the possible loss of principal amount invested and including, but not limited to, the following risks, which are more fully described in the prospectus:  The Fund invests in Real Estate Investment Trusts (REITs). REITs are dependent upon management skills; generally may not be diversified; and are subject to heavy cash flow dependency, defaults by borrowers, self-liquidation, and tax risks.  The Fund will be closely linked to the performance of the real estate markets. The Real Estate industry is subject to certain market risks such as property revaluations, interest rate fluctuations, rental rate fluctuations and operating expenses, increasing vacancies, rising construction costs and potential modifications to government regulations.

Continued disruptions in the financial markets and deteriorating economic conditions could adversely affect the value of the Fund's investments. As a non-diversified fund, the Fund may focus its assets in the securities of fewer issuers, which exposes the Fund to greater market risk than if its assets were diversified among a greater number of issuers. The Fund's investments will be concentrated in the real estate sector. The focus of the Fund's portfolio on a specific sector may present more risks than if the portfolio were broadly diversified over numerous sectors.

Foreign investment risk. These risks include currency fluctuations, economic or financial instability, lack of timely or reliable financial information or unfavorable political or legal developments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies. The Fund invests in small and mid-cap real estate companies, which may involve less trading and, therefore, a larger impact on a stock's price than customarily associated with larger, more established company stocks. In order to qualify for the favorable tax treatment generally available to regulated investment companies, the Fund must satisfy certain diversification requirements. The Fund's strategy of investing in a relatively small number of securities may cause it inadvertently to fail to satisfy the diversification requirements. If the Fund were to fail to qualify as a regulated investment company, it would be taxed in the same manner as an ordinary corporation, and distributions to its shareholders would not be deductible by the Fund in computing its taxable income.

Past performance is no guarantee of future results. The Morningstar Rating^™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Morningstar Rating is for the share class specified only; ratings for other share classes will vary.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Fund may not be suitable for all investors. We encourage you to consult with a financial professional before considering an investment in the Fund.

Distributed by Foreside Fund Services, LLC. www.foreside.com 

SOURCE Liberty Street Advisors, Inc.