The Fund is passively managed and has a proportional exposure to the components of the Bloomberg US Liquid Corporates Index (Total Return) using a stratified sampling approach. Stratified sampling is used in a quantitative factor-based process, complemented by qualitative input from portfolio managers. The process aims to build an optimal portfolio that efficiently replicates the risk characteristics of the benchmark, with fewer securities that are sufficiently liquid and diversified. The sub-fund generally only includes a subset of the securities included in the index.