Muzinich Dynamic Credit Income Fund Hedged GBP Income Founder Units 

The Fund seeks to maximise returns, mainly through income generation, from investment in a diversified portfolio of fixed income securities over a five to seven-year period. The Investment Manager seeks to meet its objective by investing primarily in high yield (i. e. sub-investment grade) corporate and government bonds and in investment grade corporate and government bonds, as rated by Standard and Poor, Moody’s and/or Fitch, all of which may be fixed and/or floating rate and issued by US, European and emerging market issuers. Investment in securities issued by emerging market issuers will be limited to a maximum of 40% of the Net Asset Value of the Fund.