Aim:
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The Share Class is a share class of a Fund which aims to achieve a return on your...
Read full aim for IShares IV Plc
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Aim:
The Share Class is a share class of a Fund which 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 Japan SRI Index, the Fund’s benchmark index. The Share Class, via the Fund, aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the benchmark index. The benchmark index measures the performance of equity securities (e.g. shares) issued by Japanese companies with higher environmental, social and governance (“ESG”) ratings than other sector peers within the MSCI Pacific Index, based on a series of exclusionary and ratings based criteria. In determining the universe of the benchmark index, companies are excluded if they are identified by the index provider with any tie to controversial weapons as well as manufacturers or producers of nuclear weapons, civilian firearms or tobacco or if their involvement in the following activities exceed revenue thresholds set by the index provider for: alcohol, gambling, tobacco, civilian firearm distributors, nuclear power, adult entertainment, thermal coal, genetically modified organisms and military weapons and/or military weapon support systems and services. The remaining companies are rated by the index provider based on their ability to manage their ESG risks and opportunities and are given a rating which determines their eligibility for inclusion. Companies which are identified as being involved in very serious controversies that have an ESG impact on their operations and/or products and services are excluded. The MSCI Pacific SRI Index targets 25% cumulative coverage of the free float-adjusted market capitalisation for each Global Industry Classification Standard (“GICS”) sector within the MSCI Pacific Index, subject to each sector having sufficient eligible companies for inclusion. The benchmark index comprises shares issued by Japanese companies which are constituents of the MSCI Pacific SRI Index. Unlike the MSCI Pacific SRI Index, the benchmark index does not target any specific level of sector coverage in Japan. Constituents are weighted based on their free float-adjusted market capitalisation. Free float-adjusted means that only shares available to international investors, rather than all of a company’s issued shares, are used in calculating the benchmark index. The Fund intends to replicate the benchmark index by holding the equity securities which make up the benchmark index in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of theFund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to helpachieve the Fund’s investment objective. FDIs may be used for direct investment purposes. The Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and other funds to gain exposure to the relevant equity securitiesthat make up the Index. ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities.
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