Fund Objective: The Fund aims to provide a return through a combination of income and capital growth over the medium to long term (at least 3 to 5 years). The Manager seeks to achieve this by investing at least 70% in fixed interest securities (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date). These may include investment grade and high yield bonds from multiple sectors including developed markets, emerging markets and asset-backed issues. Bonds may be issued by companies or other entities including supra-nationals, sovereigns and governments. The issuers may be from anywhere in the world and issues may be denominated in any currency, thereby exposing the Fund to foreign currencies. The Manager selects the fixed income securities in which the Fund invests with the intention of achieving a wide degree of diversification across issuers and industries, and potentially across multiple investment sectors, while managing exposure to credit risk. Investment grade bonds are considered by the Manager to be those rated by independent ratings agencies such as S&P as BBB- or higher (or their equivalent), while high yield bonds are those with a rating of BB+ or lower (or their equivalent). For bonds which are not rated by an independent ratings agency the Manager will apply a comparable quality rating to determine whether a corporate bond should be classified as investment grade or high yield. The Fund may also invest in other transferable securities, collective investment schemes (including those managed by Columbia Threadneedle Investments), money market instruments, deposits, cash and near cash and forward transactions. Derivatives may be used for hedging, efficient portfolio management and investment purposes to replicate investment positions and generate additional return. This may include, but is not limited to, the use of currency forwards, exchange traded futures, interest rate and inflation swaps, single name and index credit default swaps. The use of derivatives for investment purposes is expected to be significant. The Fund is actively managed. The Manager believes that an appropriate comparator benchmark for reviewing fund performance is the Bloomberg Global Aggregate GBP Hedged TR Index. The Fund is not constrained by the benchmark and has significant freedom to invest in a portfolio that is materially different to the benchmark’s own composition.

Asset Allocation

Fund size: 60,547,491.43 GBX

Chart date: March 13, 2026

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.