The Fund employs a passive management or indexing investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Euro Corporate 500 1-3Y Index. The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index's capital and income return. The Index is designed to reflect the universe of Euro denominated fixedrate corporate bonds which have a par amount outstanding greater than or equal to EUR 500 million. Bonds in the Index have maturities of between one and three years and are generally investment grade.