Description

The Fund's main goal is to mirror the performance of the Barclays Capital Global Aggregate U.K. Non-Government Bond Index. This particular index focuses on the UK's investment-grade corporate bond market, specifically excluding sovereign and government-related debt. It employs a market-weighted methodology and includes bonds denominated in British Pounds, characterized by an intermediate weighted average maturity. To achieve this, the Fund utilizes a passive investment approach, directly tracking the aforementioned index. The underlying index broadly encompasses the entire universe of investment-grade fixed-income securities, denominated in pound sterling, provided they have a remaining maturity exceeding one year.