Description

This fund seeks to mirror the performance of the MSCI EUROPE INDUSTRIALS SCREENED 20/35 index, which is composed of leading large and mid-capitalization companies operating within developed European nations. All companies included are exclusively from the Industrials sector, adhering to the Global Industry Classification Standard (GICS). The index utilizes a free-float adjusted market capitalization weighting methodology, though specific caps are enforced: the largest group entity is limited to 35%, while other group entities are capped at 20%, with a 10% buffer applied during rebalancing events, including any necessary monthly ad-hoc adjustments. Furthermore, the index incorporates rigorous environmental, social, and governance (ESG) screening, disallowing companies linked to controversial weapons, those assigned an MSCI ESG Rating of 'CCC' or left unrated, and entities deriving revenue from sources such as tobacco, conventional or nuclear weapons, civilian firearms, thermal coal, unconventional or arctic oil and gas extraction, or palm oil. Any issuer with an MSCI Controversies Score of zero is also excluded. A primary goal of this screened index is to exhibit a reduced greenhouse gas intensity compared to its parent index. Comprehensive information on the index's construction and weighting rules is available on msci.com.