The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Markit iBoxx Global Developed Markets Liquid High Yield Capped (CHF Hedged) Index. The Index provides a return on the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (the Parent Index), whilst hedging currency exposures to Swiss franc in accordance with the Markit iBoxx hedging methodology.