The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. The Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index is designed to measure the performance of US Dollar denominated corporate bonds in the Markit iBoxx USD Liquid Investment Grade Index (Underlying Index) while hedging the risk of interest rate movements within the Underlying Index. The Underlying Index measures the performance of US Dollar denominated, investment grade corporate fixed income securities (such as bonds) which pay income according to a fixed rate of interest.