The investment objective of the Fund is to achieve a high level of total return consisting of income and capital appreciation. The Fund will seek to achieve its objective by investing primarily in fixed-income securities and will invest primarily in securities issued by North American and European companies, primarily rated below investment grade (including those securities issued by issuing entities based in the Channel Islands, Cayman Islands, Bermuda and other offshore centres from where corporate debt may be issued) admitted to official listing on a stock exchange or dealt in or on another regulated market that operates regularly and is recognised and open to the public, globally. The Fund may invest in securities having fixed, variable or floating interest rates.
