This investment has no fixed maturity date. The Fund may be terminated at any time in line with the constitutional documents of the plc. The Fund aims to maximise total returns over the long term through a combination of income and capital appreciation. There is no guarantee that a total return will be generated over any time period.The Fund invests in global corporate and government bonds from investment grade to high yield, with at least 80% of the Fund's assets allocated to developed markets. The Fund may also invest in other eligible asset classes as detailed within the prospectus. The Fund considers environmental, social and governance ("ESG") characteristics of issuers. The Fund may, under certain circumstances, invest in derivatives but it is not intended that their use will materially affect volatility. Derivatives are used to protect against currencies, credit and interest rate moves or for investment purposes. The use of derivatives may create leverage or gearing resulting in potentially greater volatility or fluctuations in the net asset value of the Fund. A relatively small movement in the value of a derivative's underlying investment may have a larger impact, positive or negative, on the value of a fund than if the underlying investment was held instead. The Fund is actively managed in reference to ICE BofA 1-3 Year Global Corporate Index (USD Hedged) (the "Benchmark") because it uses the Benchmark for performance comparison purposes. The Benchmark is not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities which are not constituents of the Benchmark.