Algebris Financial Credit Fund XXLd EUR/  IE00BW38VY51  /

The Fund aims to achieve a high level of income and modest capital appreciation. Objectives: The Fund aims to achieve a high level of income and modest capital appreciation. The Fund intends to invest in the financial sector globally, primarily in debt securities with fixed and variable interest rates, which may be rated investment or below investment grade. You can buy or sell shares daily (but not on weekends or bank holidays in the UK or Ireland). For more information please refer to the section entitled "Dealings in the Fund" in the Supplement. The Fund may also invest in convertible securities (bonds that can be converted into shares), hybrid securities (instruments that combine the characteristics of bonds and shares), preference shares, contingent convertible instruments (CoCo-Bonds) (bonds that can be converted into shares or their principal amount may be written down if a pre-specified trigger event occurs), Tier 1 and upper and lower Tier 2 securities (which are forms of bank capital), trust preferred securities (a type of hybrid security), subordinated debt and exchange traded funds (securities that track an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange). During times of high levels of market movements (volatility) the Fund may invest substantially in deposits. The Fund does not intend to invest directly in ordinary shares, however the Fund may acquire and hold ordinary shares where such ordinary shares are acquired by way of conversion from another security held by the Fund. The Fund may also enter into financial derivative instruments (FDI) for hedging and efficient portfolio management purposes and not for speculative or investment purposes, including options (securities that give the right to buy or sell another asset), swaps (an instrument that swaps the performance of one asset for another), forward contracts (contracts to exchange foreign currencies at an agreed date in the future) and futures (contracts to exchange a predetermined quantity of another asset at a certain price on a certain future date).

The Fund aims to achieve a high level of income and modest capital appreciation.