Anlageziel

The Fund aims to provide a return from a combination of income and capital growth over the long term. The Fund invests at least 70% of its net assets in asset-backed securities (“ABS”), including mortgage-backed securities (“MBS”). The types of ABS may include, but are not limited to, consumer loans and credit card obligations, auto loans and leases, residential MBS, commercial MBS, collateralised debt obligations and collateralised loan obligations (“CLO”). The Fund invests only in investment grade securities (rated BBB- or higher by at least one independent credit rating agency) at the time of purchase and maintains at least 60% of its investments in European assets.