The Sub-Fund's objective is to maximize total return consistent with preservation of capital and prudent investment management. There is no guarantee that the Investment Objective of the Sub-Fund will be achieved. To achieve its objective, the Sub-Fund will hold a diversified select portfolio composed primarily of bonds (including Money Market Instruments) issued or guaranteed by governments and government-related issuers, by national or local governments, by government agencies or by supra-national organizations. These investments will mainly be composed of securities with a credit rating "investment grade. The Sub-Fund will not invest in Distressed Debt Securities or Defaulted Debt Securities. The choice of investments will neither be limited by geographic area (including emerging countries), an economic sector, nor in terms of currencies in which investments will be denominated. However, depending on financial market conditions, a particular focus can be placed in a single country and/or in a single economic sector and/or in a single currency. The Sub-Fund may invest up to 49% of its net assets in any other type of eligible assets than those above-mentioned, such as but not limited to corporate debt securities, inflation-linked bonds, convertible bonds, contingent convertible bonds, equity and equity related securities and UCIs. However, the Sub-Fund will be subject to the following limits: - Maximum 10% of its net assets in other UCIs, - Maximum 10% of its net assets in Contingent Convertible Bonds securities, The Sub-Fund will not use SFTs (Securities Financing Transactions) (securities lending, securities borrowing, repurchase transactions or reverse repurchase transactions) and total return swaps.