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The Bond Income Fund aims to provide investors with income whilst seeking to maximise total return. The Bond Income Fund will comprise a well-diversified global portfolio primarily of debt securities (including bonds issued by corporations, governments, supranational entities; asset backed and mortgage backed securities), currencies and preference shares. Investment will be through collective investment schemes (funds), either funds managed or operated by the ACD or its associates, or via funds not managed or operated by the ACD or its associates. Subject to the above policy, derivatives for efficient portfolio management may be used.