Anlageziel Ninety One Global Alternative Fund 1 Multi-Asset Credit Defensive Fund I EUR Acc Fonds

The Sub-Fund will aim to provide Shareholders with total returns in excess of an investment at Euribor 3 Month over a rolling 5 year period, primarily through investment in a diversified portfolio of corporate and asset backed fixed and floating rate debt securities and permissible derivatives. The Sub-Fund’s portfolio is to consist of (i) Debt Securities, (ii) non-securitized bank loans, (iii) Structured Credit, (iv) cash or Cash Equivalents as well as (v) derivatives. The Sub-Fund will not invest in other assets.