Byron Fixed Income Alpha

Sub-Fund

Fund Investment Objectives

The Fund's investment policy is based on a 'core-satellite' investment thesis. Under the proposed investment policy, the Fund seeks to achieve its investment objective primarily through investing in individual securities (including fixed income instruments, money market instruments, cash and cash equivalents) as well as shares/units of collective investment schemes permitted under the UCITS Regulations. The Fund aims to reduce the overall interest rate risk exposure of the portfolio through its investments in absolute return strategies, referred to as the satellite component of the portfolio.