To achieve a positive return in any type of market condition (absolute return strategy). The Sub-Fund invests in debt instruments and up to 30% of net assets in mortgage-backed securities (MBS) and asset-backed securities (ABS). Through to-bennounced securities (TBA) are limited to 30% of net assets. There are no rating or currency constraints on these investments. The Sub-Fund seeks to eliminate the effects of most currency exchange differences for investments in non-euro denominated securities.