The Fund aims to achieve a total return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund seeks to achieve its objective by investing at least 80% of its assets in fixed income securities (such as bonds) issued by corporate issuers which are high yield (i.e. non-investment grade or unrated) and instruments related to such fixed income securities, including financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). The Fund may also invest in fixed income securities issued by governments, government agencies and supranationals (e.g. the International Bank for Reconstruction and Development) and/or fixed income securities which are investment grade (i.e. meet a specified level of credit worthiness), instruments related to such fixed income securities, money market instruments (i.e. debt securities with short-term maturities), deposits and cash. The IM will take into account environmental, social and governance (“ESG”) characteristics when selecting the Fund’s investments, and seek to obtain a higher quality ESG profile than that of the ICE BofA Merrill Lynch Developed Market High Yield Constrained 100% USD Hedged Index (the Index), although there is no guarantee that this will be achieved. The IM intends to exclude issuers of securities which are engaged in or are otherwise exposed to certain sectors as detailed in the Prospectus. The Fund may obtain indirect exposure (through, including but not limited to, FDIs and units in collective investment schemes) to securities which may not satisfy these ESG criteria).