The fund primarily invests in a diversified portfolio of global inflation-linked bonds of high quality (with a rating of AAA to AA-), but may also invest regular bonds with a fixed coupon. All cashflows (coupon- and principal payments) of an inflation-linked bonds will be adjusted to the inflation rate and offer therefore protection against inflation changes. The fund uses active management to anticipate changes of the level of government bond yields, the inflation rate, FX rates and country spreads within the investment universe based on fundamental- and quantitative analysis. The fund positioning can therefore materially deviate from the benchmark. Measured over a period of several years we aim to beat the performance of the Bloomberg World Govt Inflation-Linked All Maturities EUR (hedged). The benchmark is a broad representation of the global inflation-linked bond universe. For risk management purposes, bond and country deviation limits are maintained relative to the benchmark. For this specific hedged share class we apply a currency hedging strategy. By hedging our currencies we aim to avoid currency risks for euro (EUR) investors. We hedge all currency risks in the benchmark of the sub-fund to the reference currency of this share class (EUR). The risks of exchange rate fluctuations against the EUR, related to over- and underweight positions in the portfolio versus the benchmark of the sub-fund, remain in this share class. A currency hedge consists of taking an offsetting position in another currency. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings