Fund Investment Objectives

The Company seeks over the medium term to provide investors with capital appreciation. To achieve its objective, the Company will invest primarily either directly or indirectly, in asset-backed securities, mortgage-backed securities, fixed and floating rate securities (such as government or corporate bonds), index-linked securities, derivatives (including credit derivatives and foreign exchange derivative contracts), structured credit instruments, money market instruments, deposits, and cash or cash equivalents, globally. Launch date is June 27, 2006.