Investment Objective

The Fund is an actively managed, unleveraged, long only, socially responsible investment strategy that seeks to generate, without reference to a benchmark, a high level of current income with lower volatility than the broader high yield market by investing in a diversified portfolio of U.S. dollar denominated High Yield corporate bonds that have an average expected life to maturity or redemption of approximately three years or less, although the Investment Manager shall have discretion to vary the average expected life from time to time if warranted by market conditions. The Investment Manager shall seek superior long-term returns built through the compounding of income over time and the avoidance of principal losses. The investment process is rooted in fundamental analysis of issuers and industries, macro-economic and market conditions and can be characterized by both a “bottom-up” and “top-down” approach and is complemented with the following components of socially responsible investing: ESG Integration, negative screening, and Engagement. ESG Integration refers to the explicit incorporation of ESG risks into traditional financial analysis. The negative screening refers to the exclusion from the portfolio of sectors based on certain industry sectors based on environmental and social considerations. Engagement refers to direct dialogue or collaborative efforts to influence and encourage investee companies with respect to transparency and disclosure, best practice in corporate governance, community involvement both locally and globally, and the management of financially material ESG risks. Share Classes and other important information is contained in the SKY Harbor Global Funds Prospectus.

Further details of the Sub-Fund’s Investment Objective and Policy, Risk Considerations, Investment Restrictions Specific to this Sub-Fund, Share Classes and other important information is contained in the SKY Harbor Global Funds Prospectus and KIIDs.

Please note that, as of November 30, 2020, the US Short Duration High Yield Fund was renamed US Short Duration Sustainable High Yield Fund following the approval of the new prospectus by the CSSF. Please contact your relationship managers at SKY Harbor Capital Management GmbH should you have any question or should you wish to receive additional information.

For further information, contact:

• Europe: +49 69 75938622
• USA: +1 203 769 8800
• info@skyhcm.com