The Sub-Fund seeks to provide capital appreciation and income over the short to medium-term by investing primarily in a diversified portfolio of investment grade debt and debt-related instruments issued by corporate and sovereign issuers of the Euro zone, and money market instruments. The Sub-Fund will aim to reduce the interest rate risk of the portfolio by the use of floating rate bonds, bonds with short maturity and interest rate hedging techniques using financial derivative instruments such as interest rate swaps or futures contracts. The Sub-Fund will seek to maintain interest rate duration in the range of -1 and +1 year. All debt and debt-related instruments will be denominated in Euro. However, the Sub-Fund may invest in non-euro denominated securities provided that they are hedged back to the euro.