Designed for income generation with low volatility and a lower risk of capital loss than the Harris Douglas Equity Portfolio, it usually holds between 15 and 20 investments in Government of Canada bonds, Canadian provincial bonds and Canadian corporate debt. At times, the Bond Portfolio may include as much as 20 percent exposure to high-yield bonds, convertible bonds, REITS and unit trusts. The majority of the corporate debt has a term of three to six years. This portfolio is used as an asset allocation tool to generate income and offset equity risk.