The objective is to seek a high level of current income while preserving capital by investing in a diversified portfolio of Euro denominated short term debt and debt related instruments which are enumerated below and which shall be traded on the exchanges/markets or which are to be traded on such exchanges/markets within a year of being issued. The Sub-Fund can invest in obligations denominated in Euros and issued or guaranteed, as to principal and interest, by EU government, their agencies and instrumentalities, sovereign governments and agencies, supranational entities and EU and non-EU corporations and financial institutions. These investments will include fixed or floating rate instruments. All instruments must have rating in the highest short-term debt rating category. The Sub-Fund may also invest in other open-ended collective instrument schemes with similar investment objectives. The Sub-Fund may hold ancillary liquid assets including time deposits.