The Fund aims to offer stable absolute return by primarily investing in corporate bonds and fixed income instruments. This may be combined with derivatives and other financial instruments to maximize the return while maintaining moderate risk. It will primarily and up to 100% of its assets invest in sub-investment grade fixed income securities and fixed income related securities (having a credit risk equivalent to a Standard & Poors credit rating below the BBB- grade, including according to the Investment Managers internal credit rating for non-rated issuers) issued by corporate issuers domiciled primarily in the Nordic, European and North American markets.