The fund is passively managed. The aim is for your investment to
reflect the performance of the MSCI Europe Financials ESG
Screened 20-35 Select Index (index). The index is based on the
MSCI Europe Financials Index (Parent Index), which is designed to
reflect the performance of shares in large and medium
capitalisation companies across certain developed markets in
Europe which are classified in the financials sector as per the
Global Industry Classification Standard«. In order to be eligible for
inclusion in the index, companies must be eligible for inclusion in
the Parent Index and must meet certain ESG screening criteria.
Securities which breach the following ESG standards, amongst
others, are excluded: (i) are associated with controversial, civilian,
conventional and nuclear weapons and tobacco, (ii) are assigned
an MSCI ESG Rating of CCC, (iii) derive revenues from thermal
coal and oil sands extraction, and (iv) are not in compliance with the
United Nations Global Compact principles.