This exchange-traded fund (ETF) aims to provide investors with a high level of current income by investing in a diversified portfolio of global fixed-income securities. It seeks to achieve this objective by allocating its assets across a wide range of bond types, including investment-grade corporate bonds, high-yield corporate bonds, emerging market debt, and government bonds from various countries. The fund may also invest in asset-backed securities and mortgage-backed securities. Through its broad global exposure, it strives to capture potentially higher yields available in different fixed-income markets while maintaining a focus on diversification to mitigate risk. The ETF is designed to appeal to income-seeking investors who desire a diversified approach to fixed income rather than focusing solely on a specific bond sector or geographic region. It is important to note that while it aims for high income, this can also come with some level of increased risk compared to ETFs that focus solely on investment-grade bonds. Additionally, due to its global nature, returns and values can be influenced by currency fluctuations and political or economic instability in the countries it invests in. This particular instrument is listed on the Australian Securities Exchange, making it accessible to investors in that market.