Description

The fund primarily allocates at least 80% of its net assets—including any capital acquired through borrowing for investment purposes—to "green bonds." These "green bonds" are defined as debt instruments, such as bonds and notes, where the entirety of the capital raised is deployed to support projects that the Adviser deems to deliver a positive environmental impact. Furthermore, the fund typically commits a minimum of 40% of its holdings to securities issued by entities outside the United States, and it retains the option to invest up to 20% of its assets in securities from emerging market issuers.