The Fund’s primary aim is to generate income in all market conditions, over a full market cycle, typically a three to five-year period, after all fees and costs are deducted. The Fund also seeks to preserve capital. The Fund invests at least 80% of its assets in any of: Debt securities or bonds (a type of debt obligation) issued by governments, government-related or supranational organisations and corporations in any industry, anywhere in the world, including china. Convertible bonds (a type of corporate bond which can be exchanged for shares in the same organisation). Bonds whose value is secured by mortgages or other assets (mortgage or asset-backed securities).