Sustainable, Responsible &/or ESG Policy:

Investment Objective

The Fund aims to track as closely as possible the returns of the MSCI EM (Emerging Market) Islamic ESG Universal Screened Select Index (the Index), while integrating environmental, social and governance (ESG) metrics. 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 MSCI Emerging Markets Islamic Index (Parent Index) and is made up of large and mid-cap companies (as measured by the market value of their shares) across 24 emerging markets countries, that comply with Shariah investment principles, 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 is constructed by applying values- and climate-based exclusionary criteria and excludes companies with exposure to: controversial and nuclear weapons, adult entertainment, alcohol, gambling, tobacco, thermal coal power, thermal coal mining, oil sands extraction, pork-related products, conventional financial services, Civilian firearms, oil sands reserve ownership and breaching the United Nations Global Compact (UNGC) principles.

The Index also applies the MSCI ESG Universal Indexes methodology to achieve its ESG objective. The Index excludes the securities with the weakest ESG profile; defines
an ESG re-weighting factor that reflects an assessment of both the current ESG profile, based on the current MSCI ESG Rating, as well as the trend in that profile; and reweights securities from the free-float market cap weights of their Parent Index. The Index is rebalanced on a semi-annual basis. Please refer the Fund’s Supplement for
more details on ESG exclusion criteria and MSCI ESG Universal Indices methodology.

The composition of the Index is rebalanced on a quarterly basis. On a daily basis, if the weight of the largest group entity in the Index increases above 35 per cent, its weight in the Index will be capped at 33 per cent. If the weight of any of the remaining group entities increases above 20 per cent, its weight in the Index will be capped at 18 per cent.

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 for the Fund to invest in all constituents of the Index and may gain exposure by using other Shariah compliant investments such as depositary receipts.

The Shariah committee monitors the Fund periodically and issues an annual Shariah certificate on the Fund’s compliance with Shariah principles. This certificate is included in the annual report of the Fund as a confirmation of the Shariah compliance for that year. Before investing, please do check that this Fund meets your Shariah requirements, and if in any doubt please consult an adviser.

(Source: KIIID, as at December 2025)

SDR Labelling:

Not eligible to use label (out of scope)