Sustainable, Responsible &/or ESG Policy:

Investment Objective

The Fund aims to track as closely as possible the performance of the MSCI World Select 5-Factor ESG Low Carbon Target Index (the "Benchmark Index") (or any other index which the ACS Manager determines from time to time tracks substantially the same market as the Benchmark Index).

The Fund seeks to minimise, as far as possible, the tracking difference between the Sub-fund's performance and that of the Benchmark Index.

The MSCI World Select 5-Factor ESG Low Carbon Target Index is based on MSCI World Index, its parent index, which includes large and mid-cap stock in developed market countries around the world.

The index is designed to represent the performance of a strategy that seeks systematic integration of environmental, social and governance (ESG) norms and carbon exposure in factor investing, by seeking higher exposure to a combination of five style factors along with the improvement in the ESG profile and reduction in carbon exposure of the index relative to the Parent Index. Investors wishing to obtain more information about the Benchmark Index, including information on the underlying components and weightings can obtain this at: https://www.msci.com/indexes.

Investment Policy

The Fund is an index tracking fund (also known as a passively managed fund). This means State Street Global Advisors Limited (the "Investment Manager") is attempting to track the performance of the Index.

The Investment Manager on behalf of the Fund and subject to the investment restrictions set out in the prospectus of the Fund, will invest using a replication strategy such as to seek to physically hold all or close to all of the securities of the Benchmark Index with the approximate weightings in that Benchmark Index.

The Fund may use derivatives in order to manage the portfolio efficiently.

The Fund may lend up to 70% of the securities it owns

(Source: KIID, as at Janaury 2025)