Description

The Fund aims to replicate the performance of the Barclays Capital Global Aggregate U.K. Non-Government Bond Index. It achieves this through a passive investment approach, designed to closely mirror the index's returns. This benchmark is a market-weighted representation of the investment-grade fixed-income market in British pounds, explicitly excluding bonds issued by the government or government-related entities. All securities included in the index must have a maturity period greater than one year, with the overall index maintaining an intermediate-term weighted average maturity.