SAFFRON BCI GLOBAL ENHANCED INCOME FEEDER FUND

The objective of the fund is to generate a high level of income and capital appreciation over the medium to long term with a global focus.

The Fund aims to achieve its objective through the active management of a global fixed income portfolio that will invest primarily in debt and debt-related securities issued by governments and corporations listed on global Recognised Exchanges. The Fund may gain exposure of up to 100% of the Fund’s net assets in debt and debt-related securities issued by corporations and governments comprising global fixed income securities, fixed or floating rate bonds, fixed rate, floating rate, variable rate and credit linked notes, convertible bonds (including up to 10% of net assets in contingent convertible bonds), index linked debt securities, debentures, zero coupon and coupon-bearing and deferred interest instruments.  These debt and other debt-related securities may be investment grade or below investment grade and rated or unrated. The Fund may also invest directly or indirectly, in short-term money market instruments such as commercial paper, certificates of deposits, treasury bills and securities of property corporations quoted on Recognised Exchanges. Up to 10% of the Fund’s net assets may be invested, in aggregate, in one or more collective investment schemes (including exchange traded funds and money market funds). The Fund may invest up to 10% of net assets in equities and equity-related securities, which are listed on a Recognised Exchange, including, but not limited to, preferred stocks and warrant rights (which are issued by a company to allow holders to subscribe for additional securities issued by that company), as well as depositary receipts for such securities. The Fund may also retain substantial amounts in cash or ancillary liquid assets (including short term money market instruments and cash deposits) pending investment or reinvestment. The issuers of such money market instruments shall be rated investment grade (BBB- or greater) (or equivalent) by Standard & Poor’s, Moody’s or Fitch. The amount of cash and /or ancillary liquid assets that the Fund will hold will vary depending on prevailing circumstances, however, it is possible that up to 100% of the Fund’s net assets may be held in money market instruments at any time. Investments will have a global focus insofar as investments are not confined or concentrated in any particular geographic region or market.  The Fund will not invest more than 50% of its net assets in emerging markets. This Fund is actively managed in reference to the CME Term 3 month Secured Overnight Financing Rate (SOFR) +3% (on the basis that the benchmark is used for performance measurement purposes only).

Suitable for investors:

• Who seek significantly enhanced returns over cash
• With a low to moderate risk appetite
• Seeking real income growth and inflation protection
• Who seek innovative and active investment management exposure to efficient income generating investments
• Who want tax benefits from capital gains generated returns
• With an investment horizon of 12 to 36 months