Sustainable, Responsible &/or ESG Policy:

Objective

To increase the value of its shares, over the long term, through growth in the value of its investments.

 

Portfolio securities

The fund is actively managed and invests mainly in a diversified portfolio of shares that have the potential for above average and sustainable rates of earnings growth. The companies may be anywhere in the world, including emerging markets.

Although the fund does not have sustainable investment as an objective, the promotion of environmental and social characteristics (“E & S”) is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments. The investment manager  implements the following investment strategies: exclusion screen, sustainable investment exposure and active ownership. Details of how E & S are promoted  are further explained in the fund's Sustainability annex to the prospectus

The fund may use derivatives for hedging and efficient portfolio management.

 

Investment process

The investment manager's approach is to:

• Identify “best ideas” by assessing companies in a global sector context, using a bottom-up approach to create a focused high-conviction global portfolio of around 60 to 80 companies.
• Utilise a proprietary global research platform using fundamental analysis to identify companies with improving fundamentals and growth prospects.
• Integrate macroeconomic and local market factors in stock selection decisions.
• Measure valuation appeal against the local market and broad sector opportunity set.
• Invest in a broad range of shares across all capitalisations, incorporating developed and emerging markets. 
• Assess environmental, social and governance ("ESG") factors with particular focus on those considered most likely to have a material impact on the performance of the holdings or potential holdings in the funds' portfolio. These ESG factors, which are incorporated into the investment process alongside financials, valuation, macro-economics and other factors, are components of the investment decision. Consequently, ESG factors are not the sole driver of an investment decision but are instead one of several important inputs considered during investment analysis.

SFDR classification Article 8.

 

Benchmark:

• MSCI All Country World Net Index. The primary benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator overall.
• MSCI All Country World Growth Index Net. The secondary benchmark has been selected to reflect the value style of the fund and investors may use it as additional information to compare the fund's performance.

 

Benchmark use

The fund's benchmark(s), is (are) used for performance comparison purposes only.

(Source: KIID, as at February 2025)

 

SDR Labelling:

Not eligible to use label