The investment objective of the Fund is to seek to maximise total return, consistent with prudent investment management. The Fund will seek to achieve its investment objective by investing primarily in an actively managed diversified portfolio of US Dollar denominated investment grade corporate Fixed Income Instruments. The Fund is considered to be actively managed in reference to ICE BofAML US Corporate Bond 1-5 Year Index by virtue of the fact that the Index is used for calculating the global exposure of the Fund using the relative VaR methodology and for performance comparison purposes.