American Airlines Group, Inc.

PRIMECAP Management aims to provide superior long-term investment results by utilizing fundamental research and bottom-up stock picking to construct portfolios. The firm looks for stocks that will outperform the market over a three to five-year horizon. PRIMECAP Management does not have a committee or small group that decides on whether or not to invest in an idea. Each portfolio manager makes an individual decision whether or not to invest in new ideas.

Lansdowne utilizes a variety of methods and strategies to make investment decisions and recommendations. Their investment philosophy generally aims to deliver good annual returns through a rigorous process of fundamental research. The firm manages funds and accounts including fundamental long/short equity funds and traditional equity funds which do not use leverage. The firm currently has strategies namely: developed markets equity; European equity; and global sector equity. For each strategy, Lansdowne identifies investment opportunities through extensive meetings with company managements and their own independent research and analysis. The investment approach is expected to result in relatively concentrated portfolios of positions, but with a focus on maximizing returns relative to risk. The strategies employ the following techniques: short selling; leverage; and derivatives.

Cyrus Capital Partners' investment strategies focus on investing across the capital structure of highly levered and financially distressed companies. They seek attractive absolute and relative returns that are not correlated to the general equity and fixed income markets, while also focusing on preserving capital. Fundamental value and credit analysis combined with Cyrus Capital's experience with event catalysts and processes specific to leveraged and financially distressed companies drives their investment process. The firm employs a rigorous, fundamental, credit-intensive approach to identify and exploit inefficiencies in the leveraged and distressed debt and leveraged equities markets.Cyrus Capital's investments aren't limited to any specific strategy and may include: Private Debt and Equity Securities; High Yield, Low-Rated or Unrated Securities; Distressed Debt and Securities; Bank Loans and Participations; Loans of Portfolio Securities; Bridge Loans; Mezzanine Loans; Vendor Financing; Trade Claims; Structured Credit Products; Collateralized Debt Obligations; Convertible Securities; Capital Structure Arbitrage; Relative Value Arbitrage; Absolute Value; Fixed Income Securities; Swaps and Other Derivatives; Foreign Securities; and Emerging Markets; among others. The types of derivative contracts in which the firm invests include: Credit Default Swaps: Debt-For-Equity Swaps; Options; Option Writing (covered call and put options); Warrants; Futures; Forwards; and Reverse Purchase Agreements. In addition, Cyrus Capital may employ the use of short selling, leverage, hedging techniques, margin transactions.Cyrus Capital also offers investors in certain funds the option of purchasing interests that only participate in returns from socially responsible investments. The firm may also attempt to accommodate investment-related requests in certain single-investor client funds, provided that these investments don't unfairly give one client an advantage at the expense of any other client.^