The fund's objective is to seek long-term capital growth by investing at least two thirds of the assets in convertible bonds having worldwide stocks as underlying securities. The remaining part of the assets may be invested in the values and instruments described under" Introduction to the Bond Sub-Funds”. Investments non denominated in euro aim to be systematically hedged. The "Merrill Lynch investment Grade Euro Hedged Tax" index represents the reference indicators of the Sub-Fund. The base currency of the Sub-Fund is Euro.