CARMIGNAC CREDIT OPPORTUNITIES - F CHF ACC H Fonds

The Sub-Fund's investment objective is to achieve capital growth and/or income over a minimum investment period of 3 years. The Sub-Fund is invested in a wide spectrum of corporate-issued debt instruments, securitisation instruments, derivative instruments and loans. The Sub-Fund may also be invested in government bonds and have exposure to equities and currencies. The Sub-Fund may hedge foreign exchange risk with regards to investments, and investment in currencies assists with the reduction of risks associated with such investments. The Sub-Fund is constructed based on an active and unconstrained management strategy. Investments are made on a discretionary basis without restriction in terms of sector or currencies and across all geographical regions. The Sub-Fund's unconstrained management strategy consists of a relative-value based approach to global credit markets and a fundamentally-driven discretionary selection of corporate debt and securitisation instruments, which allows the identification of a desirable allocation in terms of geographical areas, sectors, asset classes and currencies.