Anlageziel

The sub-fund aims to provide short term total return by investing in bonds and money market instruments, while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund aims to have a higher ESG score, calculated as a weighted average of the ESG scores given to the issuers in which the sub-fund has invested, than the weighted average of the constituents of the Barclays 1-3 Year US Corporate Index Total Return USD (the “Reference Benchmark”). In normal market conditions, the average duration of the portfolio holdings of the Sub-Fund is not expected to exceed one year, which is considered to be “ultra short” duration. The sub-fund invests in normal market conditions a minimum of 70% of its net assets in either fixed or floating-rate income and other similar securities including money market instruments which are rated Investment Grade.