The fund seeks to generate high level of income and capital growth for investors
unwilling to take on the level of credit spread and interest rate risk that a standard
credit portfolio involves. The fund is truly positioned in the short-term
category, mainly invested in debt securities with a remaining maturity of below
4 years. It invests in euro-denominated investment-grade and 20% minimum in high-yield
non-financial corporate bonds rated at least B- / B3.