The fund objective is to achieve a target return above the EURIBOR 1-month interest rate, measured over a period of several years, by selecting the best ideas from our fixed income investment teams. The fund is actively managed and the benchmark is not used for portfolio construction but for performance measurement purposes only. The fund uses active management to respond to changing market conditions by using amongst others fundamental and behavioural analysis resulting in dynamic asset allocation over time. The ideas with the best risk and return expectations within the global fixed income universe are selected to produce a well diversified portfolio. We invest in all types of fixed income instruments, money market instruments, currencies and other instruments. The fund mainly invests in government bonds, corporate bonds of high and low quality and emerging market debt. In order to control the risk in the fund, we apply strict risk monitoring measures.