The investment objective of the Fund is to seek to provide consistent income and capital preservation over the long term. In order to achieve the investment objective, the Fund will primarily invest in AAA-rated (or equivalently rated by a nationally recognised statistical rating organisation) tranches of Euro denominated floating rate debt securities issued by collateralised loan obligations (CLOs). The Fund is actively managed and will hold a portfolio of CLO Debt Securities that will not match the J.P. Morgan European Collateralized Loan Obligation AAA-only Index (the Benchmark) and is not constrained by the Benchmark.