Muzinich Europeyield Fund Hedged Euro Accumulation R Units/  IE00BJ4XDR50  /

The Fund seeks to generate attractive returns and protect capital. In order to control risk, the portfolio is well-diversified across more than 60 bond issuers and 20 industries. The Investment Manager may use derivatives to hedge investments in the Fund's securities and their related assets, markets and currencies. Derivatives are financial instruments whose value is linked to the price of an underlying asset. The Muzinich Europeyield Fund invests primarily in high yield (sub investment grade) bonds, which are securities that represent an obligation to repay a debt along with interest. The bonds are mainly priced in European currencies or issued by European companies. The Fund is actively managed and run on an entirely discretionary basis. The Fund is not managed in reference to any benchmark. The net income will be reinvested in the Fund on behalf of investors. The Manager endeavours to reduce currency risk this unit class could face from assets held in currencies different from the unit class currency. For this purpose, the Manager may utilize derivatives such as currency forward contracts which lock in a future price for buying or selling currency.

The Fund seeks to generate attractive returns and protect capital. In order to control risk, the portfolio is well-diversified across more than 60 bond issuers and 20 industries. The Investment Manager may use derivatives to hedge investments in the Fund's securities and their related assets, markets and currencies. Derivatives are financial instruments whose value is linked to the price of an underlying asset.