The aim of this Fund is to provide long-term high yield returns combined with any capital growth.The Fund aims to deliver long-term high yield returns, by re-investing interest received, and any capital growth through investing primarily in ‘sub-investment grade’ bonds issued by a large number of different companies diversified across industry sectors, countries and credit ratings. The ACD focuses on credit analysis to create a portfolio of bonds that seeks diversification across companies showing improving resilience against default.