The Fund aims to outperform the Bloomberg US Intermediate Corporate Index (the "Benchmark") on a total return basis. There can be no assurance that the investment objective will be achieved. While the Fund is actively managed, investors should note that the Benchmark will be used for risk management purposes and performance comparison purposes. The Fund will be invested in fixed income securities listed or traded on recognised markets globally which are rated investment grade, or, if not rated, determined by the Investment Manager to be of comparable quality to securities so rated. The Fund may acquire equity-related securities such as stock, warrants or options to acquire equity interests or as part of a restructuring or reorganisation of and in exchange for existing debt securities in that entity. The Fund may also invest in sovereign debt of developed countries, including but not limited to the United States of America, United Kingdom, Japan and the member countries of the Eurozone.