Sustainable, Responsible &/or ESG Policy:

Objectives and Investment Policy

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets and in accordance with the Fund’s ESG Policy as disclosed in the Prospectus.

The Fund invests at least 80% of its total assets in fixed income (FI) securities and FI related securities (in each case which are investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase). When determined appropriate, the Fund will also invest in deposits and cash. FI securities include bonds and money market instruments (MMIs) (i.e. debt securities with short term maturities). FI-related securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets).The FI securities that the Fund will have exposure to will be issued by companies, supranationals, governments and government agencies inside or outside of the Eurozone.

The Fund will pursue an ESG Policy as disclosed in the Prospectus with, among other aims, at least 90% of the Fund’s total assets will meet environmental, social and governance (“ESG”) criteria (in respect of securities to be held directly by the Fund or through investment in FDIs, rather than securities held through other funds). The Fund adopts a “best in class” approach to sustainable investing meaning that the Fund selects the best issuers (from an ESG perspective) for each relevant sector of activities (without excluding any sector of activities).

The Fund will not invest in FI securities that are issued by corporate entities which do not meet ESG criteria as disclosed in the Fund’s ESG Policy and Benchmark section in the Prospectus. , More than 90% of the issuers of securities in which the Fund invests shall be ESG rated or have been analysed for ESG purposes. In applying its ESG Policy, the Fund reduces its allocation to sovereign securities compared to the FTSE World Government Bond Index and the JP Morgan EMBI Global Diversified Index by at least 20%. The IA may use FDIs to help achieve the Fund’s investment objective.

The Fund is actively managed and the IA has discretion to select the Fund’s investments. In doing so, the IA will refer to the Bloomberg MSCI Euro Aggregate Sustainable SRI Index (the “Index”) when constructing the Fund’s portfolio and also for risk management purposes as further described in the prospectus. The Bloomberg Euro Aggregate Bond Index (80%) and Bloomberg Global Aggregate Index (20%)( the “ESG Reporting Index”) should be used by shareholders to assess the impact of ESG screening on the Fund’s investment universe. The Index should be used by investors to compare the performance of the Fund.

(Source: KIID, as at April 2024)

 

 

 

SDR Labelling:

Not eligible to use label