Sustainable, Responsible &/or ESG Policy:

Investment Objective

The Sub-Fund seeks to provide returns that correspond to those of its Index.

Investment Policy:

The Sub-Fund pursues a passively managed (indextracking) strategy.

The Sub-Fund aims to track the performance of the Index as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the Sub-Fund's performance and that of the Index.

The Index is comprised of large and mid-capitalisation equity securities issued in developed markets globally (the "Index Securities"). The components of the Index are selected from the components of the Solactive GBS Developed Markets Large & Mid Cap (the "Investable Universe") in accordance with the index's rules-based methodology which is summarised below. The constituents of the Index and geographical exposure of Index Securities may be subject to change over time. The Index rebalances on a quarterly basis (as referred to under "Index Tracking Risk" in the Prospectus). Further details on the Index, including its methodology, components and performance, are available at https://www.solactive.com/indices/?index=DE000SL0BE72, and further details on the Investable Universe, including its components and performance, are available at https://www.solactive.com/indices/? index=DE000SLA41D2.

The Index aims to meet the requirements for EU Climate Transition Benchmarks as defined in the EU Climate Benchmarks Regulation, and provide low carbon emission exposure relative to the Investable Universe with a view to achieving the long-term global warming objectives of the Paris Agreement. In particular, the Index aims to achieve a reduction of the greenhouse gas intensity of the Index of at least 7% on average per annum and an overall reduction of the greenhouse gas intensity of the
Index compared to the Investable Universe of at least 30%. Greenhouse gas intensity means greenhouse gas emissions divided by enterprise value including cash.

The Index is designed to capture the performance of companies which have been identified through its rules-based process as best positioned to benefit from a transition to a low carbon economy by effectively managing their emissions, resources and climate-related risks. The Index applies this rules-based non-financial analysis process to all Index Securities as further described below.

Index Construction

The Index methodology applies values and norms based screening to implement exclusions on certain industries and issuers based on specific ESG criteria and/or minimum standards of business practice based on international norms. To support this screening, the Index Provider relies on third party provider(s) who identify an issuer's participation in or the revenue which they derive from activities that are inconsistent with the values and norms based screens.

The Index then uses a three-step, rules based approach. First, the regional and sector weights are allocated in accordance with the Investable Universe. Second, all remaining eligible companies are evaluated through the use of the Index Provider's proprietary research and third party data and allocated an aggregate score derived from the following three scores: (i) emissions score (how effectively the company is managing emissions on site, as well as through its provision of products and services), (ii) resource management score (how effectively the company is managing the resources which it consumes such as electricity, water and waste), and (iii) risk management score (how effectively the company is managing its physical risks and reputational risks). Finally, the companies are re-weighted relative to the weights that they have in the Investable Universe based on their aggregate score, leading to companies with higher scores having a higher weighting in the Index and similarly those with lower scores having a lower weighting in the Index.

The Sub-Fund has sustainable investment as its objective and invests a minimum of 80% of the Sub-Fund's Net Asset Value in securities that qualify as sustainable investments, as defined under the SFDR and based on the Investment Manager's scoring methodology. The Sub-Fund systematically includes ESG criteria in investment analysis and investment decisions on at least 90% of securities purchased (excluding cash).

(Source: KIID, as at December 2025)

SDR Labelling:

Not eligible to use label (out of scope)