Terry Riordan

Alternative Fund Advisors, LLC

Alternative Fund Advisors, LLC ("AFA") is the investment manager of the AFA Funds, a family of interval funds that enables individual investors to access private investments with greater convenience than traditional limited partnerships. While private investment allocations are growing among institutional investors, they are largely absent in the portfolios of individual investors. Yet, investments in private assets may offer investors attractive returns on a risk-adjusted as well as absolute basis. Our first offering, The AFA Multi-Manager Credit Fund, is an interval fund sub- advised by Aon Investments, USA. The Fund seeks to provide of high level of income, with capital appreciation as a secondary objective. It offers efficient access to institutional specialty managers dedicated to uncovering distinct opportunities across debt markets around the world. To learn more about our firm, please visit alternativefundadvisors.com. INVESTORS SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES BEFORE INVESTING. THIS AND OTHER IMPORTANT INFORMATION IS INCLUDED IN THE FUND PROSPECTUS AND CAN BE ACCESSED BY CALLING 800-452-6804 OR info@alternativefundadvisors.com. READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST. Investing involves risk; Principal loss is possible. Foreside Fund Services, LLC, distributor.