The Fund’s investment objective is to achieve an attractive level of total return with the majority of the Fund being invested in US Dollar denominated Investment Grade Debt and Debt-Related Securities.
The majority of the Fund will be invested in Investment Grade US Dollar denominated Debt and Debt-Related Securities which are listed or traded on an Eligible Market or OTC market. The Fund may invest in government and non-government Debt and Debt-Related Securities, with at least some portion always invested in government securities. The Fund will primarily have exposure to the US Dollar. 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 interests of Shareholders.