Source Capital

This data represents past performance and investors should understand that investment returns and principal values fluctuate, so that when you redeem your investment it may be worth more or less than its original cost. Current month-end performance data, which may be lower or higher than the performance data quoted, may be obtained by calling toll-free, 1-800-982-4372. Past performance is no guarantee of future results and current performance may be higher or lower than performance shown.

Periods over one year are annualized. Fund performance is shown net of all fees and expenses and includes the reinvestment of distributions. Comparison to any index is for illustrative purposes only. The Fund’s investment objective does not include the outperformance of any index. See bottom of page for Index Definitions.

Since Source Capital is a closed-end investment company and its shares are bought and sold on the New York Stock Exchange, your performance may also vary based upon the market price of the common stock. Shares of closed-end funds may trade above (at a premium to) or below (at a discount to) their net asset value. Refer to the glossary below for definitions of market price, NAV premium/discount.

Since inception performance represents Fund performance from December 1, 2015. Performance prior to December 1, 2015 reflects the performance of the prior portfolio manager and investment strategy and is not indicative of performance for any subsequent periods.

The chart illustrates the performance of a hypothetical $10,000 investment made in the Fund since inception. Fund returns shown are calculated on NAV and assume reinvestment of distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares, which would lower these figures. An investor cannot invest directly in an index. This chart is not intended to imply any future performance of the Fund.