The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the ICE BofAML Euro High Yield Constrained Index. The Index measures the performance of the ICE BofAML Euro High Yield Index, but applies a 3% cap to issuer concentration levels. The Benchmark Index measures the performance of Euro denominated, fixed rate, sub-investment grade (based on an average rating of Moodys, S&P and Fitch) corporate bonds publicly issued in the Euro domestic or Eurobond markets.