The Fund is an index-tracking UCITS passively managed. The investment objective of the Fund is to reflect the performance of the FTSE Actuaries UK Conventional Gilts Up To 5 Years index (the Benchmark Index") denominated in GBP and representative of UK government bonds ("Gilts") with remaining maturities up to 5 years, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error"). The Benchmark Index is a total return index. A total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns. The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index. To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy.