The fund invests in a diversified portfolio of fixed income securities that are mainly corporate investment grade bonds but can also include government bonds, preferred shares, floating-rate debt instruments, asset-backed securities, non-investment grade debts, and ETFs. In selecting securities for inclusion, the sub-advisor will employ top-down analysis (macro-economic and sector), bottom-up analysis (company fundamentals), and quantitative analysis (asset class and security relative valuation). The sub-adviser will also seek to lower interest rate sensitivity and volatility through the following: utilizing leverage created through short-selling government bonds, or using short positions in bond futures, to offset long positions in corporate bonds, bond options, interest rate swaps and/or other securities which demonstrate negative correlation to corporate bonds. The fund will include USD, CAD, and euro-denominated bonds.