The Fund is actively managed in reference to the Bloomberg Euro Aggregate Total Return Index Value Unhedged EUR (LBEATREU) Index in order to capture opportunities in the Euro corporate and government bond market. The Fund will invest primarily in investment grade bonds issued by governments, public institutions and companies and that are mainly listed or traded on developed markets and denominated in EUR. As part of the investment process, the Fund will invest at least one third of its net assets in securities which are components of the Benchmark excluding cash and cash equivalent.