The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of S&P 500 EUR Hedged. In order to achieve this investment objective, the investment policy of the Fund is to invest in a portfolio of equity securities that as far as possible and practicable consist of the component securities of the S&P 500 and foreign exchange forward contracts that, as far as possible and practicable, track the hedging methodology of S&P 500 EUR Hedged, this Fund’s Benchmark Index.