The Fund will seek to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in an actively managed diversified portfolio of EUR denominated high yield fixed income instruments. The fund is considered to be actively managed in reference to ICE BofA 0-5 Year Euro Developed Markets High Yield 2% Constrained Index by virtue of the fact that it seeks to outperform the Index and the Index is used for duration measurment, calculating the global exposure of the fund using the relative VaR methodology and for performance comparison purposes.