Fund Description: Tekla Healthcare Opportunities Fund (the Trust) is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Tekla Healthcare Opportunities Fund seeks current income and long-term capital appreciation. <p> FUND STRATEGY: The Trust expects to invest 50-85% of its Managed Assets in equity securities (which may include common stock, preferred stock, convertible securities, and warrants or other rights to acquire common or preferred stock) as measured at the time of investment. Of the 50-85% of its Managed Assets that are invested in equity securities, the Trust will not invest more than 20%, as measured at the time of investment, in convertible securities not to exceed 30%. The Trust will not invest more than 15% of its Managed Assets in debt securities, including corporate debt obligations and debt securities that are rated non-investment grade. The Trust's investments in non-investment grade investments and those deemed to be of similar quality are considered speculative with respect to the issuer's capacity to pay interest and repay principal and are commonly referred to as junk or high yield securities. The Trust will not invest more than 30% of its Managed Assets in derivatives, including options, futures, options on futures, forwards, swaps, options on swaps and other derivatives, for hedging purposes. The Trust intends to employ a strategy of writing (selling) covered call options on a portion of the common stocks in its portfolio put options on indices of securities and sectors of securities generally within the healthcare industry. This option strategy is intended to generate current income from option premiums. The Trust will not invest more than 20% of its Managed Assets as measured at the time of investment in foreign securities. The Trust may buy and sell currencies for the purpose of settlement of transactions in foreign securities. The Trust will not invest more than 10% of its Managed Assets as measured at the time of investment in restricted securities, including private investments in public equity (PIPEs). The Trust may invest up to 25% of its Managed Assets as measured at the time of investment in real estate investment trusts that derive their income from the ownership, leasing, or financing of properties in the healthcare sector (Healthcare REITs). <p> FUND MANAGEMENT: Tekla Capital Management LLC serves as investment adviser to the Trust.