The objective of the fund is to provide income and growth above that of the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Index, the Benchmark Index. The fund aims to outperform the Benchmark Index by 1% per annum. The fund will invest at least 70% in sub-investment grade bonds in Sterling or bonds issued in currencies, and hedged back to Sterling. The fund may also invest in money market instruments, cash, deposits, and collective investment schemes. Income is reinvested into the fund. This fund is actively managed.
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