Fund aims to track the total return performance of the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (the Index), less fees, expenses and transaction costs. To achieve the investment objective the Fund will, as far as possible and practicable, hold all the securities in the Index in their respective weightings. The index is designed to measure the performance of EUR-denominated, fixed-rate, investment-grade and high yield corporate and government debt securities whilst including only fixed-to-float hybrid capital securities from industrial and utilities sectors.