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The Sasfin BCI High Yield Fund is an income generating portfolio with the objective to achieve a high level of sustainable income and stability of capital invested. This will be achieved by making use of low duration income instruments to deliver a diversified income solution that has low volatility and high overall liquidity. To provide relative capital stability, the weighted average modified duration of the underlying assets is limited to a maximum of two years. Investments to be acquired for the portfolio may include assets in liquid form, bonds, fixed deposits and other interest earning securities which have a fixed maturity date and either have a predetermined cash flow profile or are linked to benchmark yields. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa and other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.