Investment Approach

The Fund aims to achieve a total return on your investment through a combination of capital growth and income on the Fund’s assets, in a manner consistent with “ESG” focused investing.

The Fund has a flexible approach to asset allocation and will seek to gain exposure across a variety of asset classes. In order to achieve its objective the Fund will invest globally in equity securities (e.g. shares), equity-related securities, fixed income (FI) securities (e.g. bonds), FI-related securities, money market instruments (MMIs) (e.g. debt instruments with short-term maturities), asset backed securities (ABS) and mortgage-backed securities (MBS) (i.e. financial securities backed by cash flows from debt), deposits, cash and other funds (including exchange traded funds). The FI securities and MMIs may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) globally and may include investments with a relatively low credit rating or which are unrated. The Fund may take long, synthetic long and synthetic short exposures. The Fund may have exposure to both developed and emerging markets, however, no more than 20% of the Fund’s assets shall be invested in securities issued by issuers established in emerging markets.

In order to determine long and short exposures, the investment manager (IM) will use quantitative (i.e. mathematical or statistical) models to score and rank securities broadly according to three categories: fundamental information about the issuer of a security (e.g. financial reports), market sentiment towards the security and comparison of the its market price with its intrinsic value. The lowest-scoring securities are then further analysed by the IM for exclusion from the Fund’s portfolio.