Most Diversified Portfolio SICAV- TOBAM Anti-Benchmark Global High Yield Fund

The Compartment’s primary investment objective is to outperform the reference index and provide long-term capital appreciation from Global High Yield Credit securities denominated in USD, EUR, GBP and CAD. Following the Management Company’s investment approach, the strategy aims to maintain a high degree of diversification when selecting securities and their weightings in the investment universe. The appreciation in net asset value may be compared to the BofA Merrill Lynch Global High Yield Index (Bloomberg ticker: HW00) in USD. The Compartment does not use an index-based management strategy, it is actively managed. As a consequence, its performance may differ substantially from the benchmark, which is used to define the investment universe and determine the global risk profile of the Compartment. A majority of the benchmark’s securities will be components of the Compartment.