The objective of the fund is to seek both income and growth of your investment, in USD, from an actively managed bond portfolio. The Sub-Fund invests in bonds of any type, credit quality and currency from issuers anywhere in the world, including emerging markets, and in money market instruments. Specifically, the Sub-Fund invests mainly in fixed and floating rate Investment Grade and Sub-Investment Grade transferable debt securities, including inflation-linked bonds, debt securities issued by governments, public institutions and companies. It is expected that the Sub-Fund will invest at least two-thirds of its net assets in such securities under normal circumstances.