本子基金的目標在於透過投資固定及浮動利率證券以獲取高收益，資本成長為次要考量。 本子基金之典型投資人追求高美元計價收益。 為達成子基金目標，投資管理公司會固定將至少三分之二的總資產，投資於投資以下評等（即評等低於S&P 之BBB-級，或Moody的Baa3 評等，或若未評等，則由投資管理公司認定為如此者）之固定收益可轉讓債券所構成的多樣化投資組合，證券發行機構需為設立於美國之國營或民間企業。投資管理公司將不得以超過三分之一的資產投資於加拿大或歐洲市場發行或上市之證券。
"Michael is a portfolio manager/analyst with AXA IM. Prior to joining AXA IM in 2007, he was an analyst in the fixed income division of Bear, Stearns & Company, where he performed financial analysis and quantitative support for the Public Power group. Michael holds a B.A. from Williams College and has the CFA professional designation. "
Carl Whitbeck, CFA® is the Global Head of High Yield and US Active Fixed Income at AXA IM.. Mr. Whitbeck joined AXA IM in 2002 as a U.S. high yield analyst. Since joining AXA IM, he has served in various capacities within the U.S. High Yield team, including research analyst, head of research as well as portfolio manager for U.S. High Yield portfolios and several Global High Yield portfolios. Prior to joining AXA IM in 2002, Carl was an analyst in the investment banking division of Lehman Brothers, where he performed financial analysis on companies in the consumer and retail sectors, and worked on a variety of M&A and high yield transactions. Carl holds a B.A. from Williams College and has the CFA professional designation.