The fund is actively managed and aims to generate income and preserve capital through investments in government and corporate debt securities globally. It invests in debts of any credit quality, including high yield bonds. The portfolio sub-advisors allocate assets based on projected international interest rate movements, industry cycles, and political trends. They may invest the entire fund's assets in a single sector, selecting securities based on yield, credit quality, structure, and industry distributions. The primary considerations are relative yields and risk/reward ratios.