The Fund will aim to outperform the Solactive ISS Paris Aligned Select Euro Corporate IG Index over the long term by investing in an actively managed portfolio of Euro-denominated, investment grade, fixed rate corporate bonds. In order to achieve the Investment Objective, the Fund will employ an actively managed strategy whereby the Investment Manager will select investments from a universe of Euro-denominated, investment grade, fixed rate corporate bonds that are issued by issuers represented in the Index. The Fund will be actively managed in reference to the Index and is expected to ex-ante annualised tracking error relative to the Index of up to 1%.