The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns. Investment Policy The Fund is actively managed. In order to achieve its investment objective, the Fund will invest at least 70% of its total assets in fixed income transferable securities issued by and/or guaranteed by the governments and/or government agencies of emerging market countries (including emerging market government bonds, municipal bonds, sovereign, quasi-sovereign, supranational and local authority debt and instruments relating to such bonds) and in corporate bonds issued by companies domiciled or exercising the predominant part of their economic activity in emerging markets, in each case, such fixed income securities being denominated predominantly in US Dollars.