Description

This ETF is designed to mirror, as accurately as possible, the performance of the Total Return iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index, regardless of market direction. It provides investors with exposure to USD-denominated, investment-grade floating rate notes issued by corporate entities based in developed countries. A crucial part of its strategy involves screening out companies involved in specific sectors, including adult entertainment, alcohol, civilian firearms, controversial and conventional weapons, gambling, genetically modified organisms (GMO), nuclear power, nuclear weapons, tobacco, oil sands, and thermal coal. Furthermore, all eligible issuers must maintain a minimum MSCI ESG rating of BBB. For a comprehensive understanding of the index rules, please refer to the fund's prospectus or www.ihsmarkit.com.