Description

This fund aims to achieve returns that closely match the performance of the Barclays Capital Global Aggregate U.K. Government Bond Index. This specific benchmark comprises U.K. government fixed-income securities, weighted by their market value, and denominated in British Pounds. Adopting a passive management approach, also known as indexing, the fund seeks to precisely replicate the movements of its target index. This index is, in fact, a sub-component of the broader Barclays Capital Global Aggregate Bond Index. Its design is to represent the entire universe of Sterling-denominated debt instruments issued by the United Kingdom Treasury and other government-related entities, provided they have maturities exceeding one year, with each constituent weighted by its market capitalization.