Schroder ISF Glbl Credit Dur Hdgd I Inc
The fund’s objective is to provide total return primarily through investment in credit and credit related instruments and other fixed and floating rate securities, cash and financial derivative instruments that together provide exposure to global credit markets. The Fund may have exposure to investment grade and sub-investment grade debt at any time. Whilst credit and credit related instruments of companies or sovereign issuers will form the majority of assets held, securities issued by governments, government agencies and supranational issuers may also be held from time to time.
The financial derivative instruments of the Fund will include, inter alia, credit default swaps. In this context, the Fund acts as protection buyer to hedge the specific credit risk of some of the issuers it holds in its portfolio. The Fund may however also sell protection to acquire a specific credit exposure and/or buy protection without holding the underlying issue.