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The aim is for the investment to reflect the performance of the Bloomberg Barclays USD Liquid Investment Grade Corporate Index (Index). The Index is designed to reflect the performance of fixed-interest tradable debt (bonds) which are investments that pay out a fixed level of income or interest. The bonds are issued by financial, utility or industrial US and non-US companies that meet specific maturity, credit rating and liquidity requirements. Bonds are only eligible for inclusion in the Index if they meet certain pre-determined standards. They must also be rated as “investment grade”, meaning they have been judged by an independent agency as likely to meet their payment obligations. The Index is calculated on a total return basis. This means that all interest payments received from bonds are reinvested in the Index. The Fund will attempt to replicate the Index by buying a substantial number of the bonds which are comprised in the Index in the same proportion as the Index.