The investment objective of the Sub-Fund is to provide investors with periodic returns from an actively
managed portfolio of securitised risks consisting predominately of European Debt Obligations and primarily
Senior Secured Obligations. The Sub-Fund will make the Investments further detailed herein based on their
characteristics that demonstrate their capacity to provide the liquidity required in order to be able to make
any payments due by the Sub-Fund. Typically, Investments are selected where the Investment Manager
considers that such obligations or other instruments offer superior yields and relative credit stability. There
is no assurance that the Sub-Fund will achieve its investment objective or that Investors will not lose money.