Description

The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year (the “Index”).The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index’s capital and income return.The Index measures the performance of a broad spread of US dollar denominated bonds paying a fixed rate of interest which are issued by companies.Bonds in the Index have maturities of between one and three years and are generally investment grade.To a lesser extent, the Fund may invest in bonds outside the Index where the risk and return characteristics of such bonds closely resemble those of the constituents of the Index.