The primary investment objective is to maximise total return (income plus capital) by investing primarily in investment grade government and corporate bonds in any currency which may be at a fixed or floating rate, rated or unrated. The fund may also hold selected high yield bonds and cash.
The fund will invest at least80%of its gross assets in bonds issued by companies and 20%of its gross assets in high yield bonds.
The Fund will invest primarily in USD-Denominated assets or assets hedged back to US Dollar assets. 20%of its gross assets may be denominated in non-US currencies that are not hedged back to USD.