The sub-fund aims to generate stable returns by primarily investing in corporate bonds and other fixed income instruments. In order to achieve its objective, the sub-fund mainly invests in corporate bonds in the Nordic, the European and the North American markets. The sub-fund may invest in investment grade and non-investment grade fixed income instruments. Up to 10% of sub-fund's assets can be held in distressed debt securities (having a credit risk equivalent to a Standard & Poors credit rating below the CCC- grade, or equivalent rating from another agency). The sub-fund may also invest in shares and similar instruments and/or holds company shares as a result of transactions involving securities or the conversion of convertible bonds. The sub-fund is also allowed to invest in liquid assets on an ancillary basis. From time to time, a maximum of 20% of the sub-fund's net assets might be invested in liquid assets with due regard to the principle of risk spreading. Such assets might be kept in the form of bank deposits at sight, such as cash held in current accounts with a bank accessible at any time. The sub-fund may also invest up to 10% of its assets in other sub-funds of the Company as well as other UCITS or UCIs (undertakings for collective investments).