The fund's objective is to maximize total investment returns consisting of a combination of interest income, capital appreciation and currency gains by investing at least two thirds of the assets in fixed or floating rate securities and debt obligations issued or guaranteed by the major OECD governments or supranational entities such as the World Bank (at least 60% of the Sub-Fund) and in other high quality bonds denominated in freely convertible currencies. The remaining part of the assets may be invested in the values and instruments described under “Introduction to the Bond Sub-Funds”. The Sub-Fund may invest up to 5% of its assets in units/shares of UCITS/or other UCIs. The “JPM Global Government Bond” index represents the reference indicator of the Sub-Fund. The base currency of the Sub-Fund is US Dollar.