The Fund’s investment objective is to generate both income and long term capital growth. The Fund will achieve its investment objective by investing principally in a diversified portfolio of convertible bonds (the underlyings of which will be equity securities). The Fund will also invest in financial derivative instruments, as detailed below and under the section headed “Financial Derivative Instruments”. The Fund will therefore be significantly invested in financial derivative instruments. Such securities will be listed and/or traded on a Recognised Exchange.