OBJECTIVE AND INVESTMENT POLICY
The Fund aims to provide a high income with the potential for some capital growth over the long term.
Performance target: To outperform the Bloomberg US Aggregate Bond Index by 1.25% per annum, before the deduction of charges, over any 5 year period.
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The Fund invests at least 70% of its assets in a multi-sector portfolio of US bonds of any quality, including high yield (non-investment grade) bonds and asset-backed and mortgage-backed securities, issued by governments, companies or any other type of issuer.
The Fund may also hold other assets including bonds of other types from any issuer, cash and money market instruments.
The Sub-Investment Adviser may use derivatives (complex financial instruments), including total return swaps, to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the Bloomberg US Aggregate Bond Index, which is broadly representative of the bonds in which it may invest, as this forms the basis of the Fund's performance target. The Sub-Investment Adviser has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.
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Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.
ABOUT THIS FUND
- A dynamic, multi-sector income fund that seeks high, current income with lower volatility than a dedicated high-yield strategy.
- Leverages bottom-up, fundamental analysis to focus on identifying the best risk-adjusted returns across fixed income sectors.
- Typically holds 35% to 65% in below-investment-grade bonds
