CHICAGO, February 23, 2022 – The Mesirow High Yield Fund (MFHIX) celebrated its three-year anniversary on December 3, 2021. The Fund completed the three-year period ending December 31, 2021 with a 4-star overall rating from Morningstar. Additionally, Morningstar ranked the fund in the top 4% of the High Yield Bond category for total return out of 634 funds for the 3-year period. The Mesirow High Yield Fund seeks to provide a high level of current income consistent with preservation of capital. The fund employs a value-driven analysis that seeks companies able to generate free cash flow and consistent investment returns throughout an economic cycle. 

Mesirow’s Senior Managing Director, Fixed Income, Kevin Buckle, CFA, had this to say about the Fund’s anniversary, “We have demonstrated the resilience of our investment style through a challenging period and are thrilled to provide investors with outstanding absolute and relative returns.”

The Fund is available in two share classes – Institutional Class (MFHIX) and Investor Class (MFHVX).

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.

Disclosure: Mesirow refers to Mesirow Holdings, Inc. and its divisions, subsidiaries, and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. ©2022. All rights reserved. Mesirow High Yield (“MHY”) is a division of Mesirow Financial Investment Management, Inc., (“MFIM”) an SEC-registered investment advisor. This communication is for institutional use only and may contain privileged and/or confidential information. It is intended solely for the use of the addressee. If this information was received in error, you are strictly prohibited from disclosing, copying, distributing, or using any of this information and are requested to contact the sender immediately and destroy the material in its entirety, whether electronic or hardcopy. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle. The information contained herein has been obtained from sources believed to be reliable but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Mesirow does not provide legal or tax advice. Securities offered by Mesirow Financial, Inc. member FINRA, SIPC.  

Additional information is available upon request. It is not for use with the public and may not be redistributed.

Carefully consider the Fund’s investment objective, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds’ full & summary prospectus, which may be obtained at mesirow.com/mutual-funds or by calling 1. 833.MESIROW. Read the prospectus before investing. 

The Mesirow Funds are distributed by SEI Investments Distribution Co. (SIDCO). The Funds are managed by Mesirow Financial Investment Management, Inc. SIDCO is not affiliated with Mesirow Financial Investment Management, Inc. or Mesirow Financial, Inc. 

Risk Disclosure: Mutual fund investing involves risk, including the possible loss of principal. There is no guarantee the fund will achieve its stated objective. Bonds and bond funds are subject to interest rate risk and decline in value as interest rates rise. High yield bonds have greater risk of default or downgrade and are more volatile than investment grade bonds. Mortgage-backed securities (MBS) are subject to prepayment and extension risk. Small movements in interest rates may quickly and significantly reduce the value of certain MBS. The Fund may invest in derivatives. Changes in market value of fund securities and those securities related derivatives may not be proportionate. Derivatives are subject to illiquidity and counterparty risk. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic, or political instability in other nations. The fund’s use of leverage may accelerate the velocity of potential losses. Investments in MLPs involve risks that diff er from investments in common stock including risks related to limited control and limited rights to vote on matters affecting the MLP.

Morningstar: The Morningstar RatingTM 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 Morningstar Rating does not include any adjustment for sales load. 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 has the greatest impact because it is included in all three rating periods. | The Mesirow High Yield Bond Fund was rated against the following numbers of U.S.-domiciled High Yield Bond funds over the following time periods and received the following Morningstar Rating(s): For the three-year period, the fund was rated against 634 funds, and received a Morningstar Rating of four stars. | Morningstar percentile ranking is an investment’s total return percentile rank against others in its Morningstar Category, ranging from 1 (best) to 100 (worst). The ranking does not account for sales loads, where applicable. © 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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. Past performance is no guarantee of future results. | Morningstar is an independent provider of financial information. Morningstar rankings are not intended to constitute investment advice. Rather, you should use the rankings for informational purposes only. Rankings are only one form of performance measurement. | The Fund began investing activities on 12.3.2018.