Anlageziel

The objective of the Sub-Fund is to track the performance of the Index to within an acceptable tracking error as described below. The Sub-Fund will seek to achieve its investment objective primarily through Index CDS trading activity in order to track, as closely as possible, the performance of the Index. The Sub-Fund will hold short Index CDS (Credit Protection Buyer) positions to gain exposure to the Credit Index. The Sub-Fund may also trade offsetting long Index CDS (the Credit Protection Seller) positions in order to reduce the net short Index CDS exposures in tracking the Index levels.