The manager adopts an active approach to managing the option through active participation in fixed interest and hybrid securities markets. Considerable effort is used to assess the investment potential of rated and unrated fixed interest and hybrid securities. The manager maintains a solid research base and draws information from a wide variety of sources, such as the media, brokers, company visits, ratings agencies, in-house research and central bank commentaries. The manager adopts a threestep process of analysis when making investments: macroeconomic assessment; research and valuation analysis; and risk management. The manager will hedge any currency risk arising from the investments.

Margin Lenders:

Margin Lender	LVR	Website
St. George Margin Lending	75%	StG

Note: Investment Objective and Investment Strategy details are copied from Fund Manager PDS or profile documents.

Performance data assumptions

Performance is calculated on an initial investment of $10,000 using entry price, with distributions reinvested using actual unit price. No tax or contribution fees have been deducted from the results. If your own investment was subject to contribution fees or if you did not reinvest distributions, your returns may be less than that shown. Your after-tax returns will also be less. Data is sourced directly from fund managers, but we offer no warranty as to the accuracy of the data, we suggest you verify the data from other sources before acting on the information on this site.

These charts show historical performance only and give no indication of future performance. This information is general in nature and does not take into account your personal circumstances, goals or investment objectives. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making any investment decisions.