Highland/iBoxx Senior Loan ETF Announces Declaration of March Regular Distribution

Highland/iBoxx Senior Loan ETF Announces Declaration of March Regular Distribution

DALLAS--(BUSINESS WIRE)-- Highland/iBoxx Senior Loan ETF (the "Fund") (NYS: SNLN) declared a regular distribution, for March 2013, of $0.081 per share, payable on the last business day of the month to holders of record at the close of business March 19, 2013.

Month-End Distributions   
Payment DateAmount
Ordinary  ST Cap Gain  LT Cap Gain  Total

March 31, 2013

February 28, 2013$0.085$$$0.085
January 31, 2013$0.099$$$0.099
December 31, 2012$0.149$$$0.149

The distribution amount is based on an estimation of investment income and may or may not include a return of capital. The distribution amount is based solely on actual distributions, which are made at the discretion of the Fund. As of March 13, 2013 the 30 Day SEC Yield was 4.71%.

Total Returns as of 12/31/12  1 Month  Since Inception (11/6/12)
Highland/iBoxx Senior Loan ETF (NAV)  1.10%  0.60%
Highland/iBoxx Senior Loan ETF (Market Price)  1.35%  1.45%
Total Returns as of 2/28/13  1 Month  Since Inception (11/6/12)
Highland/iBoxx Senior Loan ETF (NAV)  -0.02%  2.23%
Highland/iBoxx Senior Loan ETF (Market Price)  -0.61%  2.27%

Total operating expenses as of the most recent fund prospectus are 0.55%. Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.For most recent month-end performance please visitwww.highlandfunds.comor call 1-855-799-4757.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Fund. In early 2014, after definitive information is available, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, short-term capital gain, long-term capital gain or return of capital).

About Highland Capital Management Fund Advisors, L.P.

On February 8th, 2013, Pyxis Capital, L.P. changed its name to Highland Capital Management Fund Advisors, L.P. ("Highland") At the same time, the Pyxis/iBoxx Senior Loan ETF also updated its name. The investment advisors and sub-advisors for all the Highland family of funds did not change.

Highland, headquartered in Dallas, Texas, is a SEC-registered investment adviser with approximately $2.2 billion of assets under management across 17 funds. It is one of the most respected and experienced alternative investment managers serving the registered product market. Highland is dedicated to identifying and retaining best in class asset managers to serve as sub-advisers to its funds. The Highland funds platform includes a diverse set of investment strategies--from broad-based equity and fixed income investments to alternative strategies including long/short and alternative credit strategies. For more information, visit www.highlandfunds.com.

Investors should consider the investment objectives, risks, charges and expenses of the Highland/iBoxx Senior Loan ETF carefully before investing. Please call 1-855-799-4757 or visitwww.highlandfunds.comfor more information on the Fund. Please read the prospectus carefully before you invest.

Securities may be offered through NexBank Securities, Inc., an affiliate of Highland. NexBank Securities, Inc. is a FINRA member firm.

To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.

Investing involves risk, including the possible loss of principal. The risks associated with Senior Loans are similar to the risks of below investment grade securities, although Senior Loans are typically senior and secured in contrast to other below investment grade securities, which are often subordinated and unsecured. Below investment grade securities may involve greater levels of interest rate, credit, liquidity, and valuation risk than higher-rated instruments. Narrowly focused funds typically exhibit higher volatility.

Highland Capital Management Fund Advisors, L.P. serves as an advisor to the Highland funds.The Highland/iBoxx Senior Loan ETF is distributed by SEI Investments Distribution Co., which is not affiliated with Highland Capital Management Fund Advisors, L.P. or any of its affiliates.

Highland Capital Management Fund Advisors, L.P.
Shareholder Services,855-799-4757
Media Related Inquiries:
Walek & Associates
Morrison Shafroth, 720-470-3653

KEYWORDS:   United States  North America  Texas


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