SG29 MAS FUNDS - RATES VOLATILITY

The investment objective of SOLYS – SG29 MAS Funds – Rates Volatility (the "Sub-Fund") is to seek capital appreciation over the long term by being exposed to carry strategies whose performances are mainly linked to US and European (“EU”) rates volatility markets (collectively “the Strategies”).The Sub-Fund seeks to achieve its investment objective by providing exposure to swaptions and swaps traded mainly on US and EU interest rates.The Sub-Fund will mainly be exposed to Strategies that systematically take exposure to forward interest rates’ volatility across different maturities and interest rate tenors, to optimize the expected carry.The Strategies deployed by the Sub-Fund will mainly be “Long Volatility” strategies. A "Long Volatility" strategy means that the Sub-Fund will purchase options that are expected to increase in value when the market becomes more volatile.The Sub-Fund’s investment strategy aims to generate stable long term carry, and profit when implied volatility increases on US and EU interest rates markets. Conversely, such Sub-Fund’s investment strategy may suffer in case of subdued implied volatility or elevated realised volatility in the US and EU interest rates market.The Sub-Fund will have discretion in selecting the Strategies.