The fund's goal is to achieve income and growth of the fund's value.
The fund invests in different types of bonds issued in Euro by corporations and governments. The fund may invest to a limited degree in bonds denominated in currencies other than Euro and in bonds issued in emerging market countries. The fund may invest in asset-backed securities, which are bonds that provide the bondholder with regular payments dependent on the cash-flow arising from a specified pool of assets such as interest and capital from mortgages or car loans. The fund may invest in derivatives (financial instruments whose value is derived from the value of other assets), to help try to achieve the fund's objective as well as to reduce risk or cost or to generate additional growth or income for the fund.