# Objectives and Investment Policy
### Investment Objective:
The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the Bloomberg MSCI Global Treasury ESG Weighted Bond Index (total return hedged to USD) (the Index) and to promote environmental, social and governance (ESG) characteristics.

### Investment Policy:
The Index is comprised of investment grade government bonds (and other similar securities). The currency of the Index is US dollars (USD) and returns are hedged into USD. The Index includes fixed-rate taxable securities issued by treasury issuers.
The Index uses ESG sovereign scores to select countries to be included and to tilt country allocations above or below their market value weights in the Bloomberg Global Aggregate Treasuries Index (the Parent Index). The ESG sovereign scores are determined based on an assessment of a country's exposure to and management of ESG risks.
The Fund is passively managed and invests in, or gain exposure to: bonds issued by governments, government-related entities and supranational entities based in developed and emerging markets. The Fund utilises an investment technique called optimisation, which seeks to minimise the difference in return between the Fund and the Index by
taking into account tracking error (the risk that the Fund return varies from the Index return) and trading costs when constructing a portfolio. The Fund will not necessarily invest in every constituent of the Index. If the overall portfolio matches the characteristics of the Index, the Fund can also invest in assets outside of the Index, such as: bonds with a credit rating of Ba1, BB+ and below; securities which are expected to provide similar performance and risk characteristics to certain index constituents.

### The Fund may invest in cash and money market instruments and up to 10% in funds for efficient portfolio management purposes.

### The Fund may also invest in derivatives for hedging and efficient portfolio management purposes.
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### The Fund may enter into securities lending transactions for up to 30% of its assets. However, this is not expected to exceed 25%.
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### The reference currency of the Fund is USD. The reference currency of this share class is USD.
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### Income is reinvested.
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### You may sell your investment on most working days.
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### Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 3 years.

Translation (ENFR, 2022-04-04):
# Objectifs et politique d'investissement
### Objectif d’investissement :
Le Fonds vise à générer un revenu régulier et une croissance du capital en reproduisant aussi fidèlement que possible la performance de l’indice Bloomberg Barclays MSCI Global Treasury ESG Weighted Bond Index (rendement total couvert en USD) (l’« Indice ») et en promouvant des caractéristiques environnementales, sociales et de gouvernance (ESG).

### Politique d’investissement :

### L’Indice se compose d’obligations d’État de catégorie investissement
(« Investment Grade ») (et d’autres titres similaires). La devise de l’Indice est le dollar US (USD) et les rendements sont couverts en USD. L’Indice comprend des titres imposables à taux fixe émis par des émetteurs de bons du Trésor.
L’Indice utilise les scores ESG souverains pour sélectionner les pays à inclure et pour orienter les allocations par pays au-dessus ou en dessous de leur pondération en valeur de marché dans l’indice Bloomberg Global Aggregate Treasuries Index (l’« Indice parent »). Les scores ESG souverains sont déterminés d’après une évaluation de l’exposition aux risques ESG d’un pays donné et de la capacité de ce dernier à gérer ces risques.
Le Fonds est géré de manière passive et investit dans ou s’expose à : des obligations émises par des États, entités gouvernementales et entités supranationales basés dans les marchés développés et émergents. Le Fonds utilise une technique d’investissement appelée optimisation, qui cherche à réduire la différence de rendement entre le Fonds et l’Indice en prenant en