Muzinich Dynamic Income Fund Institutional Shares MZCIX Strategy

The investment seeks primarily to provide a high level of income and capital appreciation. The fund pursues a “go‐anywhere” strategy primarily within the credit markets and will normally invest at least 80% of its net assets in instruments that produce fixed or floating rate income, with a focus primarily in corporate bonds and syndicated loans, including floating rate loans, that the Advisor believes have attractive risk/reward characteristics and which are issued by U.S. and foreign corporations.