The investment objective of the Fund is to provide exposure to US Dollar denominated bonds issued by sovereign African entities. The Fund aims to track the performance of theiBoxx LSF USD African Sovereigns Index (the Index), subject to the deduction of the TER and other costs associated with operating the Fund. The Index consists of fixed, floating and/or zero coupon bonds issued by sovereign issuers in Africa, which may be rated as investment grade and sub-investment grade.