The investment objective of the Fund is to seek to maximise total return, consistent with prudent investment management. The Fund invests in a diversified portfolio of EUR-denominated Fixed Income Instruments of varying maturities. The average portfolio duration of this Fund will normally vary within two years (plus or minus) of the Bloomberg Euro Agg Treasury Index (the “Index”). The Index provides a broad-based measure of the Euro government fixed income markets. The Fund will seek to achieve returns in excess of the Index over the medium to long term after the deduction of all fees and expenses.