Muzinich Dynamic Income Fund Supra Institutional Shares

This fund strives to achieve its investment objectives by strategically deploying its capital across a variety of credit sectors within the global fixed income markets, identified as attractive by the Advisor. Typically, at least 80% of its net assets will be allocated to corporate bonds and syndicated loans. These investments are chosen by the Advisor for their appealing risk/reward characteristics and are issued by both U.S. and international corporations. The fund retains the option to allocate up to 70% of its net assets to non-U.S. securities, with a maximum of 40% of its net assets potentially invested in issuers from emerging market countries.