FFG - European Equities Sustainable R Acc

diversified por􀆞olio of European equi􀆟es. In addi􀆟on to its financial objec􀆟ve, the sub-fund pursues a philanthropic objec􀆟ve through Funds for Good S.A., which is remunerated accordingly. A􀅌er deduc􀆟ng its opera􀆟ng costs, Funds for Good S.A. pays an amount corresponding at least to the greater mul􀆟ple between 50% of its profits and 10% of its revenue to social projects. In this sub-fund, dona􀆟ons are directed to the Funds For Good Philanthropy (FFGP) fund which aims to fight poverty, by alloca 􀆟ng honour loans to disadvantaged persons with a business project, thus enabling them to start their ac􀆟vity. This approach has been cer􀆟fied by Forum Ethibel. Investment policy The sub-fund will seek long-term capital apprecia􀆟on by inves􀆟ng mainly in shares of European issuers listed and traded on regulated markets. The following are also authorised: rights issued by a company allowing holders to subscribe to addi􀆟onal securi􀆟es issued by that company, warrants, conver􀆟ble securi􀆟es and preferred shares, if issued by companies whose common shares are listed or traded on regulated markets, cer􀆟ficates of deposit. In order to achieve its objec􀆟ve, the sub-fund may invest a maximum of 10% of its net assets in UCITS and other UCIs (including Exchange Traded Funds (ETFs) that are comparable to UCITS and/or UCIs and are subject to supervision considered to be equivalent by the CSSF). The subfund will not invest more than 5% of its net assets in warrants. The sub-fund’s benchmark is the Morgan Stanley Capital Interna􀆟onal Europe Index (the MSCI Europe index) over periods of several years, which it will seek to outperform. The MSCI Europe Index is a market capitalisa􀆟on index designed to measure the performance of developed markets in Europe. The MSCI Europe Index currently consists of the following sixteen developed market indices: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The benchmark index is only used for comparing performance. The sub-fund is ac􀆟vely managed, which means that the Manager makes investment decisions in order to achieve the sub-fund’s investment objec􀆟ve and policy without reference to any benchmark. This ac􀆟ve management includes making decisions regarding asset selec􀆟on, regional alloca􀆟on, sector views and the overall level of market exposure. The Manager is in no way limited by the components of the benchmark index in the posi􀆟oning of their por􀆞olio, and the sub-fund may not hold all, if any, of the components of the benchmark index in ques􀆟on. The sub-fund may also use deriva􀆟ves (such as equity index futures, bond futures, forward exchange contracts on conver􀆟ble or non-conver􀆟ble currencies, op􀆟ons traded on regulated markets, swaps, swap􀆟ons, contracts for differences, credit default swaps) to hedge or op􀆟mise por􀆞olio exposure.