The investment objective of the Sub-Fund is to achieve long term investment returns, primarily by investing in a portfolio of income producing securities that may have the potential for capital appreciation. Under normal circumstances the Fund will invest in a portfolio of fixed income securities, including but not limited to securities issued or guaranteed by public international bodies or governments, its agencies or sponsored corporations asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities, covered bonds, collateralised bonds, CLOs, 144A securities and other securities bearing fixed or variable interest rates of maturity.