The Fund targets better returns the iBoxx Euro Corporates Index by investing in a portfolio of investment grade-rated fixed income securities while taking into account ESG considerations. At least two-thirds of its investments will be in fixed income bonds rated investment grade and issued by governments, banks and corporates based in European countries with a sovereign investment grade rating. Up to one-third of the fund's assets may be denominated in currencies of non-European countries whose sovereign long term debt rating is investment grade. Up to 15% of the fund's assets may be invested in fixed income bonds rated below investment grade.