QSF - Quaestio European High Yield Bond Class RA

The objective of the Sub-Fund is to provide a maximum total return consisting of interest income and capital appreciation through access to the Euro denominated High Yield bond markets. The Sub-Fund seeks to outperform the index: ICE BofA Euro High Yield Index hedged into EUR (Bloomberg code HE00) (the “Benchmark”).The Sub-Fund is actively managed in reference to the Benchmark. The Sub-Fund Investment Manager has significant discretion over the composition of its portfolio (in terms of constituents and allocation). The Sub-Fund's investments may then deviate significantly from the Benchmark that has been chosen because of its alignment with the investment universe of the Sub-Fund. The Sub-Fund's performance can be compared to this Benchmark.