Sustainable, Responsible &/or ESG Policy:

Objectives and Investment Policy

The Fund aims to achieve capital growth over the medium to long term, whilst complying with Shariah investment principles.

The Fund will invest in a concentrated, actively-managed portfolio of approximately 30 to 45 global equities and equity-related securities of companies with a quality bias with predictable revenue growth that produce sustainable economic value over the long-term and robust policies in the areas of the environmental, social and governance (ESG). Selected companies shall be listed or traded on a Regulated Market and reviewed by a panel of Shariah scholars appointed by the Manager (the Shariah Panel). The Shariah Panel will provide guidance relating to the Fund's compliance with Shariah principles, which restrict the Fund from investing in companies which derive more than 5% of their revenues from prohibited sectors and requires the companies to comply with financial ratios to ensure that their interest-bearing debt and long and short-term debt do not exceed 30% of their total market capitalisation.

The Fund will invest in quality companies that typically demonstrate strong balance sheets, favourable ESG characteristics, return on capital in excess of cost of capital, history of increasing profitability, proven ability to generate cash flow, minimal leverage and identifiable and sustainable competitive advantage. The Fund may invest up to 15% of its Net Asset Value in emerging markets companies.

In addition, the Fund may invest in Shariah-compliant global depositary receipts and American depositary receipts (a depositary receipt is a financial instrument issued by financial institutions, which give exposure to underlying equity securities) and may hold Islamic money market instruments.

(Source: KIID, as at February 2025)

SDR Labelling: Not eligible to use label