Highland Capital Management Welcomes Index Enhancements for Highland/iBoxx Senior Loan ETF

Highland Capital Management Fund Advisors, L.P. (together with its affiliates "Highland") is pleased to announce its support for a series of changes to the Markit iBoxx USD Liquid Leveraged Loans Index ("LLI" or the "Index") set forth by IHS Markit. The changes will impact the Highland/iBoxx Senior Loan ETF (Ticker: SNLN), which seeks to track the investment results that correspond to LLI performance. The changes are a product of the iBoxx USD Loans Annual Index Review process, which concluded earlier this month.

The changes introduce new elements to the LLI methodology, including:

• the introduction of a weekly cash reinvestment process, which addresses cash in the Index from restructured and/or paid down loans intra-month, providing a system for reinvesting that cash into the next eligible loan(s); and
• the introduction of a loans substitution process, which provides the ability to substitute a restructured loan with a replacement loan from the same issuer.