The fund primarily invests in a diversified portfolio of European bonds denominated in Euro. We invest in government bonds of high quality (with a rating of AAA or AA). Measured over a period of several years we aim to beat the performance of the benchmark Barclays Euro Treasury AAA 1-10 year. The investment decisions are based on our view on interest rate developments and our outlook on different countries. The investment process is based on extensive analysis of the macro economy, the market situation and on data from our models. In order to control the risk in the fund, we apply strict risk monitoring measures.