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Sector Focus: Generative Artificial Intelligence

Private Shares Fund Q1 2023 Sector Focus Artificial Intelligence

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Liberty Street Funds provides timely, value-added and differentiated investment strategies from niche asset managers historically not available to independent RIAs, wirehouses and regionals advisors. Because Liberty Street focuses on boutique managers, financial advisors can provide value-added strategies in actively managed, differentiated portfolios to their clients.

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Financial Professionals

To contact your wholesaler, financial professionals should call HRC Fund Associates, LLC. HRC Fund Associates, LLC, Member FINRA/SIPC, is an affiliate of Liberty Street Advisors, Inc.

212-240-9726

Retail Public Individual Investors

Individual investors and shareholders should contact their financial advisor, or the Fund at:

800-207-7108

Disclosures

Before investing you should carefully consider each 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 each Fund’s Prospectus and Regulatory Documents tab on this website. Please read the prospectus or summary prospectus carefully before investing.

This Internet site is not an offer to sell or a solicitation of an offer to buy shares in any fund to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Furthermore, the mutual funds advised by Liberty Street Advisors, Inc. are not available for sale outside of the United States. The information in this website represents past performance and is not predictive of future results. Other fees and expenses do apply to a continued investment in the Funds and are described in each Fund’s current Summary Prospectus and Prospectus.

Mutual fund investing is subject to risk, including the possible loss of principal amount invested.

Diversification does not assure a profit, nor does it protect against a loss in a declining market. Asset allocations are subject to change and should not be considered a recommendation to buy or sell any security.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

The Funds advised by Liberty Street Advisors are distributed by Foreside Fund Services, LLC.

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