# 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 (ENDE, 2020-07-03):
# Anlageziele und Anlagepolitik
Der Fonds wird passiv verwaltet und bildet die Renditemerkmale des FTSE World Government Bond Index (Currency Hedged) (ehemals Citigroup World Government Bond Index) („Index“) genau nach. Ziel des Fonds ist es, die Gesamtrenditen, sowohl Kapitalzuwachs als auch laufende Erträge, aus weltweiten Staatsanleihen an entwickelten Märkten, wie im Index widergespiegelt, genau nachzubilden.
Der Investmentmanager wählt Wertpapiere und kauft und verkauft diese gemäß den Anlagezielen des Fonds.
Der Fonds investiert vornehmlich in eine repräsentative Auswahl der im Index enthaltenen Anleihen.
Der Fonds kann außerdem in Geldmarktpapieren anlegen.
Der Fonds kann Derivate mit dem Ziel verwenden, Zins- und Währungsrisiken effektiver zu verwalten.
Darüber hinaus kann der Fonds Derivate sowohl zu Sicherungszwecken als auch zum Eingehen von Anlagepositionen einsetzen. Dazu können Short- Positionen gehören, bei denen der Fonds sich bemüht, Gewinne aus dem Verkauf eines Vermögenswerts zu erzielen, der sich nicht in seinem physischen Besitz befindet.
Hinweis: Entsprechend ist dieser Fonds gegebenenfalls nicht für Anleger geeignet, die ihr Geld innerhalb von 12 Monaten wieder aus dem Fonds zurückziehen möchten.