To achieve a high income with the prospect of capital growth from a portfolio of investments in global fixed interest securities. At least 70% of the Fund is invested in higher yielding debt securities, either directly or indirectly through derivatives. Bonds may be issued or guaranteed by governments or companies located anywhere in the world including emerging markets. Bonds may be investment grade or sub-investment grade or unrated, may have any maturity including long term, short term or may have no set maturity, may have fixed, variable, or floating rates of interest and may be denominated in any currency.