A Message From The Fund Managers - Miles Cohen and Nick Freeman

Dear Investor,

Welcome to the Green Ash Short Duration Credit Fund. The fund’s investment objective is to provide stable returns whilst preserving capital, minimising drawdown risk and maintaining daily liquidity at all times.

We aim to provide exposure to a portfolio of balanced, global investment grade and high yield bonds issued by companies with superior ESG standards. The portfolio is laddered in maturities, with a maximum maturity of 5 years and average portfolio duration below 2.5 years. In terms of credit quality, we can invest upto 45% of the portfolio in high yield securities, however the average rating can be no lower than BBB-. The fund is a daily liquidity UCITS fund that is actively managed and benchmark free.

The fund has a MorningStar rating of 4* and the fund managers are rated A by Citywire.

Our strategy advantage

As a boutique manager, Green Ash does not face the liquidity constraints of larger managers and can therefore invest in a broader range of corporate credits. The portfolio managers have the flexibility to be decisive and do not face the administrative overheads of larger organisations. By design, our global mandate and absence of benchmark allows us to search all liquid credit markets and focus on only the most compelling investments, avoiding companies in more troubled sectors and geographies.

Our commitment to excellence

As an owner managed organisation, we take pride in the pursuit of excellence especially in relation to client relations and communications. We are available at all times to address any questions from our investors and to discuss concerns, opportunities and ideas.

Kind regards,

Miles Cohen and Nick Freeman