Investment Approach

The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI North America Screened Select Index, the Fund’s benchmark index (Index).

The Fund is passively managed and aims to invest so far as possible and practicable in equity securities (i.e. shares) that make up the Index.

The Index aims to reflect a sub-set of equity securities within the MSCI North America Index (Parent Index) which remain after the index provider has excluded issuers that are involved in the following business lines / activities: controversial weapons, nuclear weapons, thermal coal (including thermal coal mining and thermal coal power generation), oil sands or Arctic oil, tobacco-related products, gambling-related activities, adult entertainment, predatory lending activities, unconventional oil and gas, and firearms or small arms ammunition for the civilian market. The Index also excludes issuers that are not in compliance with the United Nations Global Compact Principles (UNGC Principles). The Parent Index measures the performance of large and mid-capitalisation stocks of the North America equity market.