Its portfolio is composed of fixed income securities of both public and private issuers from OECD countries listed on OECD markets. The duration of the portfolio will be adjusted according to the economic situation or the market view of the management team and may range from 0 to 3.5 years. The Fund may also invest in deposits. The maximum exposure to currency risk is 5%. 

The performance of the EMU Direct Governments 1-3 Yrs (EZ1X) and ML EMU Corporate A Rate 1-3 Yrs (ELC1) indices are used as benchmarks. The weighting of each of these indices will vary according to the distribution of the investment portfolio at any given time.

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