Dear Fintax Investor

Last month the Fintax Funds delivered +2.9% (Balanced) and +3.1% (Growth) relative to 3.2% for global equities (MSCI ACWI) and 0.9% for global fixed income (ICE BofA Global Broad Market index).

In their attached commentary MGIM refer to the Muzinich Enhanced Yield Short-Term (USD hedged) Fund, a holding in the Fintax Intl. Balanced Fund. For more detailed information on the manager and their strategy please click on the link below:

Growth Fund Fact Sheet

Balanced Fund Fact Sheet