The objective of the investment policy is to achieve sustained capital appreciation that exceeds the benchmark (Barclays Capital Global Aggregate Credit-hedged (EUR)). In order to achieve this, the fund mainly invests globally in eurodenominated corporate bonds which possess an investment grade rating at the time of acquisition. Corporate bonds which do not fulfill these conditions may be included. The selection of individual investments is at the discretion of the fund management. The fund is oriented to the benchmark. It does not track it exactly but attempts to exceed its performance and can therefore deviate substantially - both positively and negatively - from the benchmark. The fund is subject to various risks. A more detailed description of risks can be found under ‘Risks’ in the sales prospectus. The fund distributes annually.