CORUM Butler VAG Credit Opportunities Fund INSTITUTIONAL FOUNDER POOLED/  IE00BMCT1279  /

The investment objective of the Sub-Fund is to seek to achieve attractive risk-adjusted returns over time. The Sub-Fund will invest in fixed income securities and equity securities, mainly in Europe. Typically the Sub-Fund will have at least 80% in fixed income and up to 20% in equity securities. Fixed income securities are debt instruments (such as bonds) issued by a government, a corporation or other entity which provide investors with a return in the form of periodic coupon payments and eventual return of their investment. The fixed income securities will generally be a mix of investment grade (rated as lower risk) or sub-investment grade (rated as higher risk), but it is possible they may all be sub-investment grade at times. The Sub-Fund will not invest in fixed income securities with a rating of 'CCC' or lower as rated by Standard & Poor's (or equivalent rating by another rating agency).

The investment objective of the Sub-Fund is to seek to achieve attractive risk-adjusted returns over time.