The fund's objective is to provide shareholders with investment growth in the medium to long term. In actively managing the fund's portfolio, the management team selects securities that appear to offer superior investment opportunities. The fund mainly invests in European covered bonds. Specifically, the fund invests at least two thirds of total assets in covered bonds that are denominated in European currencies or that are issued by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. The fund also invests at least two thirds of total assets in debt securities with a rating of AAA/Aaa or lower, but not lower than A-/A3, or equivalent. The fund may invest in, or be exposed to up to 10% in debt securities rated BB+/Ba1 or lower, including unrated securities. The fund's major part of currency exposure is hedged to the base currency, although it may also be exposed (through investments or cash) to other currencies. The fund may use derivatives and other techniques for hedging (reducing risks), efficient portfolio management and to seek investment gains. A derivative is a financial instrument which derives its value from the value of an underlying asset. The use of derivatives is not cost or risk-free. The fund is promoting environmental and/or social characteristics as per Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). Further information regarding the way the fund takes environmental and/or social criteria into account is available in the fund's prospectus and accessible via nordea.lu. The fund is subject to Nordea Asset Management's responsible investment policy. Any investor may redeem its shares in the fund on demand, on a daily basis. This fund may not be appropriate for investors who plan to withdraw their money within a period of 3 years. While the fund compares its performance against the Iboxx Euro Covered Total Return Index, it may freely select the securities that it will invest in. The risk characteristics of the fund's portfolio may bear some resemblance to those of the reference index. This share class may pay out distributions once a year after the annual general meeting of the shareholders. The fund is denominated in EUR. Investments in this share class settle as well in EUR.