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Notice to Counter Cyclical Equity Fund & Cyclical Equity Fund Unitholders

June 01 2021
Mediolanum International Funds Limited, manager of CHALLENGE Funds (the “Fund”), wishes to notify Unitholders of the CHALLENGE Counter Cyclical Equity Fund and CHALLENGE Cyclical Equity Fund (together the “Sub-Funds”) that the proposed change of investment objective and policies of each of the Sub-Funds, full details of which are set out in a circular to Unitholders of the Sub-Funds dated 11 May, 2021, were approved at the EGMs of the relevant Sub-Funds held on 28 May, 2021.