Anlageziel

The Fund’s investment objective is to seek high current income. The Fund seeks high current income by investing at least two-thirds of its total assets (after deduction of ancillary liquid assets) in high-yielding, lower-rated debt securities worldwide such as those rated lower than S&P’s BBB or Moody’s Baa and listed or traded on Regulated Markets (including unleveraged freely transferable loan participations securitised and traded on a Regulated Market, zero-coupon bonds and payment-in-kind bonds) constituting a portfolio that the Investment Manager believes does not involve undue risk to income or principal. Investment in loan participations will be limited to a maximum of 10% of the Fund’s Net Asset Value. Normally, at least 80% of the Fund’s assets will be invested in debt securities.