The investment objective of the Fund is to seek to maximise current income while preserving capital. The investment policy of this Fund is to purchase high quality, investment grade short term fixed income and floating-rate securities and money market instruments issued by governmental, quasi-governmental and corporate issuers in developed countries which mature in five years or less from the date of settlement of the purchase of the instrument. It is not the current intention of the Fund to invest in emerging markets. Under normal circumstances the Fund will invest most of its assets in investment grade short term fixed income and floating-rate securities and money market instruments; it is expected that most of the assets of the Fund held in foreign-currency-denominated instruments will be hedged back into the base currency of the portfolio.