The investment objective of the Fund is to provide long term capital growth. The Fund is actively managed and will seek to achieve its investment objective by investing directly in fixed and floating investment grade corporate bonds and notes, which are either denominated in Euro or denominated in another currency with the currency risk hedged back to Euro or by investing indirectly in collective investment schemes. The Fund will invest at least 67% of its net assets in bonds issued by issuers whose credit rating is deemed to be ‘investment grade’, defined as meeting one or more of the following rating criteria: Baa3 or higher by Moody's Investor Services (Moody's); BBB- or higher by Standard & Poor's Rating Services (S&P) or Fitch Ratings Inc (Fitch).
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