# Objectives and investment policy
The Fund is passively managed and will track the return of the FTSE World Government Bond Index (Currency Hedged) (previously named Citigroup World Government Bond Index) (the “Index”). The Fund aims to track the total returns, income and capital combined, of global developed market government bonds as reflected by the Index.
The investment manager will select, purchase and sell securities with the aim of meeting the investment objectives of the Fund.
The Fund will invest primarily in a representative sample of the bonds contained in the Index.
The Fund may also invest in money-market securities.
The Fund may use derivatives with the aim of managing interest rate and currency risk more efficiently.
The Fund may also use derivatives for both hedging purposes and for taking investment positions. These may include short positions where the Fund seeks to benefit from the sale of an asset that it does not physically own.
Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 12 months.
Your shares are accumulating, meaning that income and gains of the Fund will be reinvested to increase the value of the Fund.
Your shares are denominated in US Dollars, the Fund’s base currency. Typically, assets held by the Fund which are denominated in a currency other than the base currency may be hedged or substantially hedged to the base currency.
Shares can normally be bought and sold on any business day, being a day on which banks are open for business in Ireland, the UK and the US.
The Index is also used (i) as a universe from which to select or hold securities; and (ii) to measure performance of the Fund. The anticipated annual normal tracking error (which means the volatility of the difference between the return of the Fund and the return of the Index), in normal market conditions, relative to the Index is 0.05%-0.15%.
For more information about the investment policy of the Fund, please see the section of the prospectus titled “Investment Objectives and Policies”.

Translation (ENFR, 2021-10-01):
# Objectifs et politique d’investissement
Le Compartiment est passivement géré et répliquera le rendement de l'indice FTSE World Government Bond Index (Currency Hedged) (anciennement dénommé Citigroup World Government Bond Index) (l' « Indice »). Le Compartiment vise à répliquer les rendements totaux, les revenus et le capital combiné des obligations d'État des marchés développés mondiaux ainsi qu'ils sont reflétés par l'Indice.

## Le gestionnaire d'investissement sélectionnera, achètera et vendra des titres dans le but d'atteindre les objectifs d'investissement du Compartiment.

## Le Compartiment investira principalement dans un échantillon représentatif des obligations figurant dans l'Indice.

## Le Compartiment peut également investir dans des titres des marchés monétaires.

## Le Compartiment peut utiliser des instruments dérivés dans le but de gérer plus efficacement le risque de taux d'intérêt et de change.
Le Compartiment peut également utiliser des instruments dérivés à des fins de couverture et pour prendre des positions d'investissement. Ces dernières peuvent comprendre des positions courtes où le Compartiment cherche à tirer avantage de la vente d'un actif qu'il ne détient pas physiquement.

## Recommandation : ce Compartiment peut ne pas convenir aux investisseurs qui prévoient de retirer leurs capitaux dans les 12 mois.