Ninety One Global Alternative Fund 1 Multi Asset Credit Fund

The Sub-Fund will aim to provide Shareholders with total returns in excess of an investment at Overnight SOFR over a rolling 5 year period. The Sub-Fund invests primarily in a diversified portfolio of corporate and asset backed fixed and floating rate debt securities and related derivatives. The Sub-Fund’s portfolio is to consist of but will not be limited to, bonds, contingent convertible bonds, notes, bank loans and structured credit (e.g. collateralised loan obligations, collateralised debt obligations and asset backed securities). Investments will not be constrained by currency, duration or country and could include issues by governments, government agencies and supranational institutions. The Sub-Fund will also invest in other instruments creating or acknowledging the indebtedness of a company or public sector body and may use exchange traded and over the counter derivatives to achieve its objectives.