The long-term investment objective is to achieve a combination of capital and income returns primarily from a government and government related bonds denominated in EUR. The sub-fund invests at least 2/3 of its assets in debt securities issued by public authorities or private borrowers without geographical limitation. The remaining portion, which may not exceed 1/3 of the sub-funds assets, may be invested in Liquid Assets or in other instruments. The sub-fund may also invest to a limited extent in convertible bonds and warrants issues, subordinated and below investment grade Debt Securities, and UCITS and UCIs (including ETFs). Shares acquired with convertible and warrant issues may not exceed 10% of the assets and have to be sold within 12 months of their acquisition. The sub-fund invests at least 90% of its assets in securities denominated in EUR.