The fund aims to achieve a high income return together with capital growth by investing in fixed income securities including corporate bonds, preferences shares and convertibles. The fund will invest primarily in UK based securities but may extend to any economic sector or geographic area.

To outperform the benchmark, Merrill Lynch Gilt 5-15 years.*
*There is no guarantee that the target will be achieved.

Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

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