The objective of the Sub-Fund is to maximize total returns by investing primarily in a diversified portfolio of investment grade corporate fixed income securities, issued in the U.S. and denominated in U.S. dollars.
The Sub-Fund invests primarily in high quality debt securities of governments around the world, their agencies and international agencies like the World Bank. The Sub-Fund may also invest in corporate bonds, including high yield bonds, as well as government bonds issued by developing countries. The Investment Manager conducts detailed credit and issuer analysis to identify investment opportunities while simultaneously minimizing default prospects. Most securities will have an investment grade rating.