A diversified global income strategy that provides investors access to a diversified portfolio of leading international and domestic managers through a single investment. Indicative portfolio of seven underlying funds, diversified by strategy and geography.

Australian Private Credit Fund: Directly originated loans to ANZ middle market companies.
Private Credit Corporation: Direct middle markets lending, predominantly US with up to 25% Europe and APAC.

Coolabah Long Short Opportunities Fund: Long / short credit and sovereign: high grade, high liquidity assets rated A to AA, opportunistic shorts, 3x to 5x leverage.

Eldridge Diversified Credit Fund II: Predominantly North American diversified credit dynamically allocated across corporate, asset-based and opportunistic strategies.

Asset-Backed Finance Fund: Strategy focussed on collateral backed, non-corporate assets offering income downside protection and attractive repayment profiles.
Designed for investors seeking attractive risk-adjusted returns, HM2 combines institutional-quality manager access, diversified exposure and Hearts & Minds' purpose-driven model.
Access leading specialist managers, each bringing extensive experience across multiple credit cycles.
Exposure across corporate and structured credit, asset-backed finance, special situations and opportunistic long-short strategies.
A simple 1% all-in fee, materially below those usually applied by the underlying managers.
Predominantly North American and European exposure, complemented by selective Australian investments.
Supporting Australian medical research through annual philanthropic distributions in lieu of typical management and performance fees.
This document has been preparedby Hearts & Minds Investment Management Pty Ltd (ABN 31 128 962 702, AFSL 321611)in relation to the Hearts & Minds Global Income Fund (Fund). EvolutionTrustees Limited (ABN 29 611 839 519, AFSL 486217) is the trustee of theFund and the issuer of units in it. This document is provided for wholesaleclients only, as defined in sections 761G and 761GA of the Corporations Act2001 (Cth).It must not be given to, or relied on by, retail clients. The Fund is notregistered with ASIC and no product disclosure statement has been lodged. This is generalinformation only. It does not take into account your objectives, financial situation or needs, and it is not an offer.You should read the Information Memorandum dated [5] November 2026 in full and seek independent advice before investing. Target returnsand yields are not forecasts and are not guaranteed. All investments carryrisk, including loss of capital. Past performance is not a reliable indicatorof future performance. Any offer made in New Zealand is only to, and may only be accepted by, persons in New Zealand who are“wholesale investors” under clause 3(2) or 3(3)(a)18 of Schedule 1 of theFinancial Markets Conduct Act 2013 (FMCA), or who are otherwise not required toreceive disclosure under Part 3 of the FMCA. Those persons not familiar withthe provisions of the FMCA, or who require further assistance and / orinformation, should consult their professional adviser.