The Portfolio Manager will carefully select fixed income instruments such as corporate bonds, government bonds and other fixed income instruments with attractive coupon payments and robust financial situation. The main focus is on high yield bonds denominated in USD in the USA, LATAM or Europe. The average duration may not exceed 5 years and the focus is mainly investment grade but not only. The Portfolio Manager is targeting that approximately two thirds of the portfolio will be invested in the above-described fixed income investments but the Portfolio Manager will review this ratio from time to time in line with market situation and analysis. The balance of the portfolio may be invested in other fixed income instruments such as private debt, asset-backed and mortgage-backed securities. The Portfolio Manager may also invest in fixed income pooled investment products including but not limited to funds, ETFs, ETPs and/or other fixed income structured products.