The fund primarily invests in a diversified portfolio of United States bonds denominated in US Dollar. We invest in corporate bonds of high quality (with a rating of AAA to BBB-). The fund uses active management to anticipate changes of the level of US corporate bond spreads and the spread curve with duration and credit risk deviation limits maintained relative to the benchmark. Its bond-level composition will therefore materially deviate from the benchmark.Measured over a period of several years we aim to beat the performance of the benchmark Bloomberg Barclays US Aggregate Corporate Index. The fund follows a systematic approach for allocations to investment grade bonds by investing in a set of factors (like value, carry and low-risk) which are captured with rule-based long only strategies. Factors are certain characteristics of bonds that are structural drivers of their future returns. For example, Value intends to benefit from perceived incorrect valuations resulting in bonds that are cheap to fundamentals outperforming expensive bonds. Carry intends to benefit from the tendency that bonds with higher yields outperform those with lower yields. Low-risk intends to benefit from the tendency that stable, low risk bonds outperform those with higher risks. The fund may invest up to 10% of its net assets in contingent convertible securities which are complex debt securities convertible into equity upon a specified event and which present additional risks than traditional convertible bonds. In order to control the risk in the fund, we apply strict risk monitoring measures. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.