TEXT-Moody's release on Julius Baer Multibond SICAV

(The following statement was released by the rating agency)

May 9 - Moody's Investors Service assigned a bond fund credit rating of A and a market risk rating of MR3 to the JB BF Total Return ("the Fund") of the Julius Baer Multibond SICAV.

The Fund's credit rating corresponds to the maturity adjusted average weighted expected loss of a 10-year fixed income security rated A, and also factors in the firm's disciplined investment strategy, well-established team approach and strong risk management capabilities of the Fund's investment advisor. The MR3 market risk rating reflects historical total return annualized volatility of 2.76% combined with the Fund's flexibility with regard to active duration management, foreign currency exposure and off-balance-sheet activities.

Julius Baer Multibond is an umbrella-type open-ended investment company with variable capital organised under the laws of Luxembourg and operating under UCITS III regulations.

The Fund is denominated in euros and has been managed under the current strategy since October 2006. Bank Julius Baer & Co. AG acts as the Fund's investment advisor. RBC Dexia Investor Services Bank S.A is the Fund's administrator and custodian.

The Fund seeks to achieve a surplus return against the benchmark (ML EMU Direct Government Index 1-5 years) over the long term through active management.

The Fund expects to maintain the ex-ante tracking error relative to the benchmark of less than 4%. The core portfolio is i