The Sub-Fund's investment objective is to seek to achieve a return of more than 200bps above the OMRX T-Bill index (the “Benchmark”), which is the defined Benchmark for the Sub-Fund. The Sub-Fund is actively managed in reference to the Benchmark for the purposes of performance measurement target and marketing. There are no restrictions on the extent to which the Sub-Fund’s holdings may deviate from the Benchmark. The Sub-Fund will allocate its assets between different segments of the fixed income market. The Sub-Fund will invest its assets, directly or through derivative instruments, in fixed income related financial instruments issued by governments and their agencies, state and municipal entities, banks, corporations and companies that are domiciled or active in northern Europe with a main focus on the Nordic markets (Sweden, Finland, Norway, Denmark and Iceland). The instruments will primarily be bonds and money market instruments but may also be convertibles.