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 iBoxx MSCI ESG GBP Liquid Investment Grade Ultrashort Index. The Index measures the performance of a sub-set of Sterling denominated investment grade, ultrashort corporate, quasi-sovereign, sub-sovereign and covered bonds, within the iBoxx GBP Liquid Investment Grade Ultrashort Index (the Parent Index) and excludes issuers from the Parent Index based on the index provider's ESG, SRI and other criteria.