While money market accounts offer a viable and widely used alternative for parking cash, their yields may barely keep pace with inflation. RCLO focuses on BBB-B tranches that seek higher yields than senior AAA CLOs while maintaining significantly more structural seniority compared to high yield corporate bond options. The fund’s principal investment risks include management risk, novel structure risk, affiliated fund risk, collateralized loan obligation risk, non-diversified fund risk, new fund risk, leverage risk, and liquidity risk. For additional information about these and other fund risks, please refer to the “Principal Investment Risks” section of the prospectus. Investments in CLOs presents risks similar to those of other credit investments, including interest rate risk, credit risk, liquidity risk, prepayment risk, and the risk of defaults of the underlying assets.