The aim of the Fund is to provide quarterly income (which is money paid out from your investment, such as interest from bonds) while maintaining capital (the value of your investment) over the long term (at least five years). The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell and when. At least 90% of the Fund is invested directly in bonds (which are loans typically issued by companies and governments), such as: sterling denominated investment grade corporate bonds (including floating rate notes, which are debt instruments with a variable interest rate), United Kingdom Government Gilts; and Bonds issued by supranational organisations.