Anlageziel

To earn income and increase the value of the Shareholder’s investment, while outperforming the Benchmark over the long term (5 years or more).The Sub-Fund invests mainly in high yield corporate bonds denominated in European currencies, including Sterling. Specifically, at all times, the Sub-Fund invests at least 80% of total net assets (excluding cash and cash equivalents) in bonds that are rated below BBB- by Standard and Poor’s or Baa3 by Moody’s, or are unrated. The Sub-Fund may be exposed up to 20% of total net assets to contingent convertibles. The Sub-Fund may also invest in bonds issued by large institutional organisations, in shares or units of UCITS or other UCIs, cash and deposits.