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The investment objective of the Receiving Sub-Fund is to track the performance of the S&P 500 PAB ESG+ Index. In normal market conditions, it is anticipated that the Receiving Sub-Fund will track the performance of the Index with a tracking error of up to 1%. The Index is an equity index that measures the performance of eligible equity securities from the S&P 500 Index (the Parent Index) selected and weighted to be collectively compatible with a 1.5C global warming climate scenario. Income is reinvested into the fund. This product is based overseas and is not subject to UK SDR Rules. Sustainability-related information is available on the issuer’s website.
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