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The investment objective of Blackstone Low Carbon Global Investment Grade Corporate Bond Fund is to produce returns, net of fees and expenses above the performance of the Barclays Global Aggregate Corporate Bond Index hedged to US Dollars. Certain environmental, social or governance criteria will be used to determine whether investments are eligible for the Fund as described further in this Supplement. The Fund’s objective to constrain carbon intensity relative to the Index is not performed with a view to achieving the long-term global warming objectives of the Paris Agreement.