Investment focus and types of assets The fund invests in interest-bearing securities issued by Swedish issuers denominated in currencies within OECD. These shall have a minimum credit rating of BBB- (investment grade) according to Standard & Poor's or Baa3 according to Moody's rating scale. The fund may also invest in securities that lack an official credit rating if we consider it as having an equivalent credit quality. Depending on the state of the market, the fund invests in a larger or smaller proportion of interest-bearing securities issued by companies. The fund’s average duration is between zero and twelve months. If we believe market rates will be falling, we may choose a longer fixed interest period and conversely, we may choose a shorter fixed interest period if we believe market rates are rising.