To protect the capital of investors in an absolute sense, while providing income in excess of short-term bank deposit rates. Investors’ capital remains highly liquid. While this is a low-risk fund, investors should be aware that the possibility of capital loss does exist. This could happen should an issuer of an underlying investment in the fund default.

The fund returned 7.4% over the past 12 months. Annual inflation decreased to 3.6% y/y in November, from 3.7% y/y the previous month.

Relative to the 90 day maximum average duration, the fund is currently running an effective duration of 36 days.