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(0.26%)
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Stocks and Shares ISAObjective
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 World SRI Select Index, the Fund’s benchmark index (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 Index. The Index measures the performance of equity securities (e.g. shares) within four regional MSCI Socially Responsible Investment (SRI) indices: the MSCI Pacific SRI Index, the MSCI Europe & Middle East SRI Index, the MSCI Canada SRI Index, and the MSCI USA SRI Index (the Regional SRI Indices) which are issued by companies with higher environmental, social and governance (ESG) ratings than other sector peers within the relevant parent indices of the Regional SRI Indices, based on a series of exclusionary and ratings based criteria. The Regional SRI Indices are constructed by firstly excluding companies which 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 exceeds revenue thresholds as determined in the index methodology 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. All constituents of each Regional SRI Index are represented in the Benchmark Index and are market-capitalisation weighted. 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 (MSCI ESG Rating) which determines their eligibility for inclusion in the Regional SRI Indices. 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 Regional SRI Indices target 25% cumulative coverage of the free float-adjusted market capitalisation for each Global Industry Classification Standard (GICS) sector within their respective parent indices, subject to each sector having sufficient eligible companies for inclusion. Constituents are ranked based on the following criteria (in order): (1) MSCI ESG Rating, (2) current index membership (existing constituents are preferred over non-constituents), (3) industry adjusted ESG scores, and (4) decreasing 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 Regional SRI Indices. The GICS sector weightings of each Regional SRI Index are aggregated and reflected proportionately in the Benchmark Index.
- Leverage -
- Currency hedgingNo