To seek to maximise income and growth of capital (total return), while maintaining some degree of capital preservation and liquidity. The Fund mainly invests in investment grade Shariah-compliant corporate and government bonds, such as sukuks, denominated in USD, with a short maturity. These investments may be from anywhere in the world, including emerging markets.

Investors who understand the risks of the Fund and plan to invest for at least 1 year. The Fund may appeal to investors who:

• are looking for a combination of income and investment growth from an investment that seeks to preserve capital,
• are interested in exposure to Shariah-compliant short-maturity bond markets as part of a diversified portfolio,
• have a medium risk profile and can tolerate moderate short-term changes in the share price.

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

• The Fund invests mainly in Shariah-compliant debt securities, including Sukuk and short-term instruments of any quality issued by entities located in developed and emerging markets. Such securities have historically been subject to price movements, generally due to the supply and demand for financing, other market factors or movements in the Sukuk market. As a result, the performance of the Fund can fluctuate moderately over time.
• Other significant risks include: 
  Credit risk: the risk of loss arising from default that may occur if an issuer fails to make principal or interest payments when due. This risk is higher if the Fund holds low-rated, sub-investment-grade securities.
  Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
  Shariah compliance risk: the risk that the restriction to invest only in Shariah-compliant securities may place the Fund at a comparative disadvantage vs. funds that do not have this restriction. Returns to shareholders may also be reduced due to payments to Shariah approved charities to “purify” dividends.
  Sukuk risk: the risk of loss arising from investing in sukuk instruments, which may fluctuate in value due to the impact of macroeconomic factors on the supply and demand for financing or the willingness or ability of the counterparty (sovereign, sovereign-related, or corporate) to make payments according to the terms of the Sukuk.

Complete information on the risks of investing in the Fund are set out in the Fund's prospectus.