The objective of the portfolio management is to generate a return over time, which is at least in line with the market development - measured by a comparable benchmark return. The benchmark is ICE BofAML Euro Corporate Index. If a Share Class is hedged to another currency than the Reference Currency of the Sub-Fund, the benchmark is hedged to the Reference Currency of the Share Class. The Sub-Fund’s benchmark is not designed to promote ESG characteristics. Information on the methodology behind the calculation of the two benchmarks is available at www.ice.com.