Muzinich Dynamic Credit Income Fund Hedged GBP Income Founder Units/  IE000SI6C4R2  /

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. In order to control risk, the portfolio is well-diversified across a broad variety of issuers, geographies and industries. The Fund may use derivatives (financial instruments whose value is linked to the price of an underlying asset) for hedging and efficient portfolio management purpose The Fund primarily invests in bonds. These bonds may be issued by corporations or governments, rated investment grade or high yield (i.e. sub-investment grade), be fixed and/or floating rate, and issued by US and European issuers as well as emerging market issuers (up to 40% of the Fund's Net Asset Value). The Fund may invest in corporate hybrid bonds (bonds issued by non-financial companies that have equity-like features) and subordinated debt securities (debt instruments that rank below other, more senior, debt instruments with respect to claims on assets, earnings and repayment obligations). At times, the Fund may also invest in collateralised loan obligations and contingent convertible securities, but any such investments will be limited. The Fund is actively managed and run on an entirely discretionary basis. The Fund is not managed in reference to any benchmark.

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.