The Fund will aim to grow investors investment through a combination of income and capital returns by investing in bonds issued by companies, governments or supranational organisations, whilst aiming to provide a net return greater than the benchmark over the long term (5 years or more). At least 80% of the Fund will be invested in bonds, issued in Sterling or hedged to Sterling, and no more than 60% of the Fund will be invested in bonds which have been independently rated as sub-investment grade with a credit rating below BBB-/Baa3.