AI North American Equity Core Fund Insured Pension Accumulation Units

The fund aims to deliver returns similar to the MSCI® North America Index over a rolling 12-month period, while also achieving a higher ESG score and lower carbon intensity score than the Index, with a focus on minimizing tracking error.

The fund primarily invests in shares of companies that make up the MSCI® North America Index, with a minimum of 80% allocated to these holdings. It may also invest in other shares, funds, money market instruments, cash, and deposits. The investment strategy includes a passive sampling approach with an active ESG Overlay to select companies based on environmental, social, and governance factors.

Risks associated with this fund include potential underperformance compared to the Index or similar funds due to the ESG Overlay limiting investment choices. Additionally, the fund's performance is measured against the Index over a rolling 12-month period, and there may be times when the fund operates outside the expected tracking error range of 0% to 0.85%.

https://www.avivainvestors.com/en-gb/capabilities/equities/ttf/gb00bmtwf384-gbp/