Description

This fund employs a passive indexing approach, physically acquiring securities to replicate the performance of the Bloomberg Euro-Aggregate: Corporates Index. Its primary goal is to mirror the Index's capital appreciation and income generation by investing in a representative selection of its constituent bonds. The Index itself gauges the performance of a diverse range of fixed-rate, Euro-denominated bonds issued or guaranteed by corporations. These bonds typically have maturities greater than one year and are generally considered investment grade. A minor portion of the fund's holdings may also consist of similar bonds not explicitly included in the Index.