The fund aims to generate income and some growth over the long term (5 years or more) by investing in Sterling and Euro-denominated sub-investment-grade corporate bonds. It aims to achieve the return of the ICE BofA GBP/Euro Fixed & Floating High Yield Non Financial 3% Constrained Index (Hedged to GBP) plus 0.8% per annum over rolling three-year periods. Income is reinvested into the fund. This fund is actively managed.
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