Investment Approach

The Fund aims to achieve a total return on your investment, through a combination of capital growth and income, which reflects the return of the Bloomberg Global Aggregate Securitized ex ABS ex CMBS Index, the Fund’s Benchmark index.

The Fund invests predominantly in fixed income securities (such as bonds issued by covered securitised fixed-rate bonds and mortgaged backed securities (“MBS”)) that make up the Fund's Benchmark index.

The Fund’s benchmark index measures the performance of a sub-set of multi-currency denominated, investment grade, securitized, fixed income securities, which the index provider has determined form part of the Bloomberg Global Aggregate Index (the parent index) including, covered bonds and MBS Pass-Through securities. The securitised sector is designed to capture fixed income instruments whose payments are backed or directly derived from a pool of assets. Underlying collateral for securitised bonds includes residential mortgages, public sector loans, commercial real estate or other assets.