The fund is passively managed. The aim is for your investment to reflect the performance of the Markit iBoxx EUR Corporates Yield Plus Index (index). The index is designed to reflect the performance of higher-yielding tradable debt (bonds), which are denominated in Euro and issued by companies with a rating of between BB- and AAA by the major credit rating agencies. The index is calculated on a total return gross basis. This means that all distributions received from bonds are reinvested in the index.