The Fund invests in high yield bonds of Emerging markets.

The Fund employs unique combination of actively managed carry-trade and directional strategies to trade EM fixed income instruments.

Fund uses conservative leverage time from time, but consistently short duration aiming at delivering returns over the cycle with lower volatility than traditionally associated with Emerging Markets.

From time to time, the Fund exploits inefficiencies in less liquid markets and use opportunities in disrupted and fragmented markets.

Investment strategy is explained in details it the Offering Memorandum and Offering Supplement (available upon request from the Fund Administrator).