The Fund aims to outperform its reference indicator, on an annual basis, over a minimum investment period of three years. It is an actively managed UCITS. The investment manager has discretion over the composition of its portfolio, subject to the stated investment objectives and policy. The reference indicator of the Fund is 75% The BofA Merrill Lynch Euro Corporate Index (ER00) and 25% The BofA Merrill Lynch Euro High Yield Index (HE00). The Fund's reference indicator is calculated with coupons reinvested and is rebalanced quarterly.