* NAM’s European Rates Opportunity Fund was awarded Best Performing Fixed Income Solution at EuroHedge Awards 2022.

Read the ““Risk Descriptions” section in the prospectus carefully before investing in the funds, with special attention to the following:

Covered bonds: Usually issued by financial institutions, backed by a pool of assets (typically, but not exclusively, mortgages and public sector debt) that secure or “cover” the bond if the issuer becomes insolvent. With covered bonds the assets being used as collateral remain on the issuer’s balance sheet, giving bondholders additional recourse against the issuer in case of default. In addition to carrying credit, default and interest rate risks, covered bonds could face the risk that the collateral set aside to secure bond principal could decline in value. Derivatives: Small movements in the value of an underlying asset can create large changes in the value of a derivative, making derivatives highly volatile in general, and exposing the fund to potential losses significantly greater than the cost of the derivative. Hedging: Any attempts to reduce or eliminate certain risks may not work as intended, and to the extent that they do work, they will generally eliminate potentials for gain along with risks of loss. Hedging involves costs, which impact investment performance. Leverage: The fund’s high net exposure to certain investments could make its share price more volatile. To the extent that the fund uses leverage to increase its net exposure to any market, rate, basket of securities or other financial reference source, fluctuations in the price of the reference source will be amplified at the fund level and, as such, may lead to important losses.

Any investment decision in the sub-finds should be made on the basis of the current prospectus and the Key Information Document (KID) or the Key Investor Information Document (KIID) for UK investors.

The European Rates Opportunity Fund is part of Nordea Dedicated Investment Fund SICAV-FIS, a “Specialised Investment Fund” under Luxembourg Law (the “Company”). The Company was incorporated in the Grand-Duchy of Luxembourg on 20 November 2009 on the basis of the law of 10 August 1915 on Commercial Companies, as modified (the “Law of 1915”). The Company qualifies as a “Société d’Investissement à Capital variable” (“SICAV”) on the basis of the law of 13 February 2007 on Specialised Investment Funds, as may be amended from time to time (the “Law of 2007”). The Company is an alternative investment fund (“AIF”) in the meaning of Directive 2011/61/EU (“AIFM Directive”) and therefore subject to the requirements of AIFM Directive as implemented in Luxembourg by the law of 12 July 2013 on alternative investment fund managers as may be amended from time to time. The Company will raise capital without promoting the sale of its Shares to the public within the European Union or any part of it, unless the relevant sub-fund has obtained the necessary legal authorisations to do so. The Company is established for an indefinite period from the date of incorporation and is registered under the number B-150516 at the Trade and Companies Register of Luxembourg. Investment in the Company is a high-risk investment and may lose a substantial portion or all of the money they invest in the Company, it is only suitable for sophisticated investors who can afford the risks involved. Only capital that the investor can afford to lose should be invested in a fund of this nature and investors are recommended to consult their financial advisers before investing in the Company. For further details of investment risks associated with the sub-fund, please refer to the relevant Prospectus and Annual Report of the Company. The investment promoted concerns the acquisition of units or shares in a sub-fund, not in any given underlying asset such as shares of a company, as these are only the underlying assets owned by the fund. The investor should be aware that this sub-fund is categorized as an Alternative Investment Fund and may invest in assets of limited liquidity, so called illiquid assets. The illiquid nature of the underlying assets means that there are long holding periods for the purchase and sale of shares in the sub-fund, and investors should note that their subscription and redemption orders are subject to notice and lock-in periods, as applicable and as disclosed in the most recent prospectus. The Global Rates Opportunity Fund mentioned is part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company. This material does not disclose all relevant information concerning the presented sub-funds and does not constitute an offer or solicitation in any country in which such offer or solicitation is not lawfully authorised. Any investment decision in the sub-funds should be made on the basis of the current prospectus, which is available along with the current annual report, electronically in English and in the local language of the market where the mentioned SICAV is authorised, without charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, as well as on www.nordea.lu. A summary of investor rights is available in English through the following link: https://www.nordea.lu/documents/summary-of-investors-rights/SOIR_eng_INT.pdf/. Nordea Investment Funds S.A. may decide to terminate the arrangements made for the marketing of its sub-funds in any respective EU-country of distribution in accordance with Article 32a of Directive 2011/61/EU.  Published by Nordea Investment Funds S.A., which is authorized by the Commission de Surveillance du Secteur Financier in Luxembourg. Unless otherwise stated, all views expressed are those of Nordea Investment Funds S.A. This document may not be reproduced or circulated without prior permission and must not be passed to private investors. This information contained herein is only intended for Professional Investors and is not intended for general publication. Reference to companies or other investments mentioned within this document should not be construed as a recommendation to the investor to buy or sell the same but is included for the purpose of illustration. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future. In Germany: Investments in equity and debt instruments issued by banks could bear the risk of being subject to the bail-in mechanism (meaning that equity and debt instruments could be written down in order to ensure that most unsecured creditors of an institution bear appropriate losses) as foreseen in EU Directive 2014/59/EU. In Italy: The updated list of distribution Agents in Italy, grouped by homogenous category, is available from the distributors themselves or from the Paying Agents: State Street Bank International GmbH – Succursale Italia, Allfunds Bank S.A.U –Succursale di Milano, Société Générale Securities Services S.p.A., Banca Sella Holding S.p.A, Banca Monte dei Paschi di Siena S.p.A, CACEIS Bank S.A., Italian Branch and on the website www.nordea.it.