Description

This fund aims to replicate the performance of an index that includes large and mid-capitalization companies from the communication services sector, as defined by the Global Industry Classification Standard (GICS), within developed European markets. Constituents are weighted by their free-float adjusted market capitalization, adhering to the MSCI Capped Indexes methodology, which imposes a 35% cap on the largest group entity and a 20% cap on all other group entities. A 10% buffer is applied to these limits during scheduled and any additional monthly ad-hoc rebalancings. The index rigorously screens for environmental, social, and governance (ESG) factors, excluding companies associated with controversial weapons, those with an MSCI ESG Rating of 'CCC' or unrated, and firms generating significant revenue from tobacco, conventional or nuclear weapons, civilian firearms, thermal coal, unconventional and/or Arctic oil and gas extraction, or palm oil. Issuers with an MSCI Controversies Score of 0 are also disqualified. The methodology also targets a lower greenhouse gas intensity compared to its parent index. For comprehensive details on the index's construction and methodology, please refer to the MSCI website.