The Fund is passively managed. The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the Bloomberg Global Aggregate Corporate Bond Index (total return hedged to US dollars) (the Index).The Index is comprised of investment grade corporate bonds (and other similar securities). The Index is multi-currency but is hedged to US dollars (USD). The Index includes bonds from developed and emerging markets. The issuers of the bonds are within the industrial, utility and financial sectors.