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HSBC USA Lower Carbon ESG Tilt Equity Index Fund

SRI Style:

Sustainability Tilt

SDR Labelling:

Unlabelled with sustainable characteristics

Product:

OEIC

Fund Region:

USA

Fund Asset Type:

Passive Equity

Launch Date:

23/03/2022

Last Amended:

Dialshifter ():

Fund Size:

£37.33m

(as at: 31/12/2024)

ISIN:

GB00BP6FTG29, GB00BP6FT621, GB00BP6FT399, GB00BP6FT282, GB00BP6FT407, GB00BP6FT514

Sustainable, Responsible
&/or ESG Overview:

No response when requested information from manager (August 2024)

Primary fund last amended:


Information directly from fund manager.

Sustainable, Responsible &/or ESG Policy:

Objectives & Investment Policy

The Fund aims to track the performance of the FTSE USA ESG Low Carbon Select Index (the “Index”) before the deduction of charges.

The Index is net of tax that applies to UK funds.

The Index is comprised of the shares (equities) of large and medium sized companies from US markets.

By investing in the companies that make up the Index in the same, or very similar, proportions in which they are included in the Index, the Fund promotes the following sustainability characteristics:--

  • At the point of the annual rebalance of the Index in September, the Fund aims to achieve an overall reduction in carbon emissions intensity and fossil fuel reserves being 50% less than average carbon emissions and fossil fuel reserves of the assets represented by the FTSE USA Index (the ‘Parent Index’); and
  • At the point of the annual rebalance of the Index in September, the Fund aims to achieve an overall improvement in the average FTSE Russell ESG rating being
    20% higher than the average of the assets represented by the Parent Index.


These reductions and improvements are targeted once a year, meaning throughout the year the levels achieved may vary.

The Index removes companies involved in certain activities and uses a process known as “tilting”. This involves increasing or decreasing the proportion of the remaining companies until the overall aims of the Index are met.

There may be circumstances when it is not possible or practical for the Fund to invest in shares of all the companies of the Index. The Fund may not invest in all the companies of the Index to manage transaction costs or to reflect market conditions, regulations or HSBC’s banned weapons policy.

The Fund may hold cash and other funds, including funds managed by the HSBC Group, to manage day-to-day cash flow requirements.

The anticipated tracking error for the Fund is expected to be up to 0.10%.

(Source: KIID, as at January 2025)

 

 

SDR Labelling: Unlabelled with sustainable characteristics

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Fund Name SRI Style SDR Labelling Product Region Asset Type Launch Date Last Amended

HSBC USA Lower Carbon ESG Tilt Equity Index Fund

 Sustainability Tilt Unlabelled with sustainable characteristics OEIC USA Passive Equity 23/03/2022

Fund Size: £37.33m

(as at: 31/12/2024)

ISIN: GB00BP6FTG29, GB00BP6FT621, GB00BP6FT399, GB00BP6FT282, GB00BP6FT407, GB00BP6FT514

Sustainable, Responsible &/or ESG Overview

No response when requested information from manager (August 2024)

Information received directly from Fund Manager
Please select what you would like to read:

Sustainable, Responsible &/or ESG Policy:

Objectives & Investment Policy

The Fund aims to track the performance of the FTSE USA ESG Low Carbon Select Index (the “Index”) before the deduction of charges.

The Index is net of tax that applies to UK funds.

The Index is comprised of the shares (equities) of large and medium sized companies from US markets.

By investing in the companies that make up the Index in the same, or very similar, proportions in which they are included in the Index, the Fund promotes the following sustainability characteristics:--

  • At the point of the annual rebalance of the Index in September, the Fund aims to achieve an overall reduction in carbon emissions intensity and fossil fuel reserves being 50% less than average carbon emissions and fossil fuel reserves of the assets represented by the FTSE USA Index (the ‘Parent Index’); and
  • At the point of the annual rebalance of the Index in September, the Fund aims to achieve an overall improvement in the average FTSE Russell ESG rating being
    20% higher than the average of the assets represented by the Parent Index.


These reductions and improvements are targeted once a year, meaning throughout the year the levels achieved may vary.

The Index removes companies involved in certain activities and uses a process known as “tilting”. This involves increasing or decreasing the proportion of the remaining companies until the overall aims of the Index are met.

There may be circumstances when it is not possible or practical for the Fund to invest in shares of all the companies of the Index. The Fund may not invest in all the companies of the Index to manage transaction costs or to reflect market conditions, regulations or HSBC’s banned weapons policy.

The Fund may hold cash and other funds, including funds managed by the HSBC Group, to manage day-to-day cash flow requirements.

The anticipated tracking error for the Fund is expected to be up to 0.10%.

(Source: KIID, as at January 2025)

 

 

SDR Labelling: Unlabelled with sustainable characteristics