The Fund seeks to achieve its overall objective by investing primarily in a portfolio of Euro denominated fixed rate, floating rate, fixed-to-float and fixed-to-fixed rate corporate bonds and other corporate fixed income securities made up of capital securities and debentures. Capital securities (also known as 'hybrid securities') are a subset of the broader Euro denominated corporate bond universe that are issued either to satisfy regulatory capital requirements or rating agency capital credit criteria. They are typically subordinated bonds and rank lower than senior corporate bonds in a liquidation or bankruptcy. At the time of the Fund's investment, all of these securities will be rated as investment grade quality by credit rating agencies such as Standard & Poor's, Moody's and Fitch, and may be listed or unlisted. The Fund will not invest in CoCos.