The Fund seeks long-term total returns (capital appreciation and income). The Fund will be actively managed against the Bloomberg Global Aggregate Index (the 'Index'), investing globally in a diversified portfolio of bonds. The Index is comprised of bonds from a broad array of geographies and sectors with a maturity of over one year. The Fund will generally be diversified across country and issuer.
The Fund will invest, either directly or via derivatives, in bonds (fixed or floating rate) issued by government, agency, supranational or corporate issuers; mortgage and other asset-backed securities. Investments will represent a broad credit spectrum, including issues rated below investment-grade. There are no limitations on the credit quality of individual securities or currencies.