The Fund’s investment objective is to achieve an attractive level of total return with the majority of the Fund being invested in Sterling denominated Investment Grade Debt and Debt Related Securities.
The majority of the Fund will be invested in Investment Grade Sterling denominated longer dated 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 Sterling.
The Fund may invest up to 10% of its Net Asset Value in Sub-Investment Grade assets. Any security 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.