The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Markit iBoxx USD Liquid High Yield 0-5 Capped Index, the Fund’s benchmark index (Index). The Fund aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index. The Index measures the performance of US Dollar denominated short duration high yield corporate FI securities, which pay income according to a fixed rate of interest and mature between 0 and 5 years. Only FI securities with $350 million minimum face value per FI security are included in the Index, provided that they are trading at a minimum price in accordance with the index provider's liquidity requirements. The Index uses a market-value weighted methodology with a cap on each issuer of 3% and 144A securities at 10%. The Index comprises non-investment grade FI securities rated by at least one of three rating services: Fitch Ratings, Moody’s, or Standard & Poor’s Rating Services. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The use of FDIs is expected to be limited.