The Fund's investment objective is to achieve an attractive level of total return with the majority of the Fund being invested in euro denominated Investment Grade Debt and Debt–Related Securities.
The majority of the Fund will be invested in Investment Grade Euro denominated corporate Debt and Debt-Related Securities which are listed or traded on an Eligible Market or OTC market. The Fund may also invest in government and other non-government issued Debt and Debt-Related Securities.
The Fund will primarily have exposure to the Euro.
The Fund may invest up to 10% of its Net Asset Value in Sub-Investment Grade Debt and Debt-Related Securities. Any asset which is
downgraded after purchase to Sub-Investment Grade will not be sold unless, in the opinion of the Investment Adviser, this is in the best interest of Shareholders.
The Fund may invest more than 20% of its Net Asset Value in asset-backed and/or mortgage-backed and related securities.