Disclosure
This document was prepared by BlueBay Asset Management LLP (BlueBay), which is authorized and regulated by the UK Financial Conduct
Authority (FCA) and is registered as an investment adviser with the US Securities and Exchange Commission (SEC), and as a commodity pool
operator and commodity trading advisor with the National Futures Association (NFA) as authorized by the US Commodity Futures Trading
Commission (CFTC).
In the United States, this document may also be provided by RBC Global Asset Management (U.S.) Inc. (“RBC GAM-US”), a SEC registered
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With respect to the investment performance presented, past performance is not indicative of future performance. Actual account performance
may or will vary from the performance shown because of differences in market conditions; client-imposed investment restrictions; the time of
client investments and withdrawals; tax considerations; economies of scale; portfolio turnover; the number, type, availability, and diversity of
securities that can be purchased at a given time; differences in the underlying currency of the assets in the account, and other factors. Client
assets managed using these strategies in separate accounts or different vehicles may be subject to restrictions, fees or expenses that are
materially different than those found in the non-US funds.
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The information contained herein does not constitute investment, tax, accounting or legal advice. Recipients are strongly advised to make an
independent review with their own advisors and reach their own conclusions regarding the investment merits and risks, legal, credit, tax and
accounting aspects of all transactions. Any risk management processes discussed refer to efforts to monitor and manage risk but should not
be confused with and do not imply no or low risk. No chart, graph, or other figure provided should be used to determine which strategies to
implement or which securities to buy or sell.