Carmignac Credit Opportunities: Trading dates and NAV calculation dates

The Net Asset Value (NAV) is calculated and published according to the description in the prospectus and the relevant Supplement on the dates for which the units and shares can be issued or redeemed. The cut off for subscriptions is 5 business days before the NAV calculation date and the cut off for redemptions is 30 business days before the NAV calculation date. The prospectus also states that there should always be a NAV published as of 31 December even if 31 December is not a business and trading day.

The NAV calculation takes place on every last Business Day of the month on which banks are open for business in Dublin and such other place or places as the Directors may from time to time determine or, in respect of a Sub-Fund, such day or days as may be outlined in the relevant Supplement.