Algebris IG Financial Credit Fund R GBP/  IE00BK1KHN07  /

The Algebris IG Financial Credit Fund (the Fund) aims to generate an attractive level of income and modest capital appreciation in the medium term by investing the Fund's assets predominantly in investment grade securities rated BBB- or above by a major rating agency (Investment Grade Securities). The Fund intends to invest predominantly in fixed and variable, corporate and/or government Investment Grade Securities in the financial sector globally. Such Investment Grade Securities may include senior and subordinated debt instruments of financial institutions. The Fund may also invest in trust preferred securities, convertible securities (securities that can be converted into shares), hybrid securities (instruments that combine the characteristics of bonds and shares), preference shares, the Fund may invest up to 10% of its Net Asset Value in contingent convertible bonds (bonds that can be converted into shares or their principal amount may be written down if a pre-specified trigger event occurs), subordinated debt, exchange traded notes (ETNs) and exchange traded funds (ETFs) (securities that track an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange). During times of high levels of market movements (volatility) the Fund may invest substantially in deposits with credit institutions. The Fund does not intend to invest directly in ordinary shares, however may acquire and hold ordinary shares where such ordinary shares are acquired by way of conversion from another security held by the Fund. The Fund may invest up to 15 per cent of its Net Asset Value in eligible securities that are rated lower than BBB- but rated at least BB- by a major rating agency. The Fund may also purchase unrated securities under certain circumstances as set out in the supplement for the Fund (the Supplement). You can buy or sell shares daily (but not on weekends or bank holidays in the UK or Ireland). For more information please refer to the section entitled "Dealings in the Fund" in the Supplement. The Fund may also enter into financial derivative instruments (FDI) for hedging and efficient portfolio management purposes and not for speculative or investment purposes, including options (securities that give the right to buy or sell another asset), swaps (an instrument that swaps the performance of one asset for another), forward contracts (contracts to exchange foreign currencies at an agreed date in the future) and futures (contracts to exchange a predetermined quantity of another asset at a certain price on a certain future date). In addition, certain financial instruments such as convertible securities, contingent convertible bonds and ETNs may embed leverage and/or a derivative component. The Fund may invest in these securities for speculative or investment purposes.

The Algebris IG Financial Credit Fund (the Fund) aims to generate an attractive level of income and modest capital appreciation in the medium term by investing the Fund's assets predominantly in investment grade securities rated BBB- or above by a major rating agency (Investment Grade Securities).