INVESTMENT OBJECTIVE
The Fund aims to provide as high a level of income as is consistent with the aim of limiting losses to capital (although not guaranteed) over the long term.
Performance target: To outperform the Bloomberg 1-3 Year US Government/Credit Index by 0.75% per annum, before the deduction of charges, over any 5 year period.
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The Fund invests at least 80% of its assets in US short-term and intermediate-term bonds, of which 70% will be investment grade, issued by governments or companies.
The Fund may also hold other assets including bonds of other types from any issuer, cash and money market instruments.
The Sub-Investment Adviser may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the Bloomberg 1-3 Year US Government/Credit Index, which is broadly representative of the bonds in which it may invest, as this forms the basis of the Fund's performance target. The Sub-Investment Adviser has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.
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ABOUT THIS FUND
- Leverages a bottom-up process using fundamental analysis and dynamic sector allocation aiming to generate returns through individual security selection
- Integrated global fixed income and equity research effort seeks to identify the best risk-adjusted opportunities
- Proprietary research and risk management system, Quantum Global, is integrated into the investment process
