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The Fund is designed for investors who are looking to obtain exposure to Fixed Interest securities. The Fund is mainly invested in UK government securities and corporate bonds, however, the Fund may gain some exposure to other fixed interest stocks and overseas bonds. Central to the decision making process is the fund's "Focus On Change" investment philosophy, which combines top down and bottom up insights to identify changes to the key drivers for the relevant markets. A broad range of criteria is use in this process including monitoring yield curve movements, liquidity levels and supply trends.