Category: Open Ended Investment Company

Objective The fund aims to maximise the total return on your investment through primarily investing in a diversified portfolio of investment grade corporate fixed income instruments and securities, using prudent investment management principles. Investment Policy The fund aims to achieve its objective by investing at least two-thirds of its assets in a diversified portfolio of investment grade corporate fixed income instruments and securities (which are loans that pay a fixed or variable rate of interest) issued by companies from around the world. The fund may invest up to 15% in “non-investment” grade securities. Non-investment grade securities are considered to be more risky, but typically produce a higher level of income. The average portfolio duration of the fund will normally vary within two years (plus or minus) of the Bloomberg Barclays Global Aggregate-Credit Index. Duration measures the sensitivity of the assets to interest rate risk. The longer the duration the higher the sensitivity to changes in interest rates. Investments may also be linked to emerging market countries, which in investment terms are those economies that are not as developed. The fund may invest in derivative instruments (such as futures, options and swaps) rather than directly in the underlying securities themselves. The derivatives return is linked to movements in the underlying assets. The assets held by the fund may be denominated in a wide variety of currencies with non-USD currency exposure limited to 20% of total assets. The investment advisor may use foreign exchange and related derivative instruments to hedge or implement currency positions. For full investment objectives and policy details please refer to the fund’s prospectus. Distribution Policy This share class does not pay out a distribution. Any investment income generated will be reinvested. Dealing Day You can buy and sell shares on most working days in Dublin, exceptions to this are more fully described in the fund holiday calendar available from the Administrator.