The sub-fund aims to achieve a competitive return through interest income and capital appreciation by primarily investing in fixed income or fixed income related instruments. At least two third of the Sub-Fund’s holdings of investment securities will be issued by entities that are domiciled or active or exercise the predominant part of their economic activities in the Nordic region (Sweden, Finland, Norway, Denmark and Iceland). The Sub-Fund will mainly invest in fixed income securities issued by corporations and financial institutions. On an ancillary basis, the Sub-Fund can also invest into securities issued by governments and their agencies, state and municipal entities. A significant part, or all, of the Sub-Fund’s capital may be invested in high yielding sub investment grade (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies) and unrated securities.