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The aim is for the investment to reflect the performance of the Markit iBoxx EUR Liquid High Yield Index (Index). The Index reflects the performance of the largest liquid sub-investment grade corporate bonds denominated in Euro and issued by companies based both inside and outside of Europe. For new bonds to be included in the Index, they must, on the relevant rebalancing date, have a minimum remaining time to maturity of at least two years and a maximum of up to ten and a half years. The weight of an issuer in the Index is capped at 3% and the weight of a country in the Index is capped at 20% of the market value of the Index at the rebalancing date. The size of individual bonds from an issuer is capped in relation to their market value. The Fund will attempt to replicate the Index by buying a portfolio of securities that may comprise the constituents of the Index or unrelated investments.