| NASDAQ Exchange | United States Country |
The fund is designed to cater to investors who are not only focused on financial returns but also on the impact their investments have on the environment and society. By allocating at least 80% of its net assets towards fixed income securities from issuers that meet its sustainable investment criteria, or in securities where the proceeds are used in a manner that satisfies the fund's environmental, social, and governance (ESG) criteria, the fund targets those who prefer responsible investing. Furthermore, the inclusion of up to 20% of its assets in high-yield securities, commonly known as "junk bonds", allows for the potential of higher returns, albeit with an increased risk level.
The fund invests primarily in fixed income securities of issuers that adhere to stringent sustainable investment criteria. This includes bonds and other debt instruments issued by entities that demonstrate positive environmental, social, and governance practices. The focus here is on supporting responsible corporate behavior and fostering positive societal outcomes through investment choices.
Investments are also directed towards securities where the use of the proceeds meets the fund's ESG criteria. This could involve bonds specifically issued to finance projects with clear environmental benefits, such as renewable energy installations, energy-efficient building projects, or initiatives aimed at reducing carbon footprints.
Up to 20% of the fund's assets may be allocated to high-yield securities, or "junk bonds", which are rated below investment grade. These securities offer higher interest rates compared to safer bonds due to the higher risk of default. This segment of the fund's portfolio aims to enhance overall returns, providing an opportunity for investors to diversify their portfolio risk and potentially achieve higher income.