Sustainable, Responsible &/or ESG Policy:

Investment Objective

The Fund aims to track as closely as possible the returns of the FTSE USA ESG Low Carbon Select Index (the Index). The Fund will invest in, or gain exposure to shares of companies which make up the Index.

 

Investment Policy

The Index is a subset of the FTSE USA Index (the Parent Index) and made up of companies in the United States, as defined by the Index Provider.

In replicating the performance of the Index, the Fund promotes certain environmental, social and/or governance (ESG) characteristics and has been categorised as an Article 8 fund for the purpose of the SFDR.

The Index seeks to achieve a reduction in carbon emissions and fossil fuel reserves exposure; and an improvement of the FTSE Russell ESG rating against that of the Parent Index. It excludes shares of companies with exposure to: tobacco, thermal coal extraction, electricity generation, gambling, adult entertainment and controversial weapons.

The Index also applies, among others, the United Nations Global Compact exclusionary criteria. Please refer the Fund’s Supplement for more details on sustainability exclusionary criteria.

The Fund is passively managed and aims to invest in the shares of the companies in generally the same proportion as in the Index. There may be circumstances when it is not possible or practical for the Fund to invest in all constituents of the Index. If the Fund cannot invest directly in the companies that constitute the Index, it may gain exposure by using other investments such as depositary receipts, derivatives, or funds.

(Source: KIID, as at February 2025)

SDR Labelling:

Not eligible to use label