The investment objective of the Fund is to track the performance of the Markit iBoxx EUR Liquid High Yield 1-3 Index. The Index reflects the performance of the largest and most liquid EUR denominated fixed and floating rate sub-investment grade (with a rating of less than Baa3/BBB-, high yield) corporate bonds issued by both Eurozone and non-Eurozone issuers that have a minimum remaining time to maturity of at least 1 year and up to 3 years.