The investment objective of the Fund is to replicate the performance of the Benchmark Index (being the ICE U.S. Treasury 3-7 Year Bond Index), less the fees and expenses of the Fund.In order to achieve this investment objective, the investment policy of the Fund is to invest in a portfolio of fixed income securities that, as far as possible and practicable, consists of the component securities of the ICE U.S. Treasury 3-7 Year Bond Index, this Fund’s Benchmark Index.