Description

This fund seeks to mirror the performance of the U.S. Dollar-denominated, fixed-rate high-yield corporate bond market. Its environmental and social characteristics are aligned with its underlying index, particularly through the use of R-Factor scores in the index's methodology. The R-Factor system provides an ESG assessment by incorporating a full spectrum of financially material metrics, pinpointing long-term sustainability factors across environmental, human capital, social capital, business model, leadership, and corporate governance dimensions. Moreover, the index explicitly excludes companies involved in extreme event controversies, controversial weapons, breaches of United Nations Global Compact principles, civilian firearms, thermal coal extraction, and tobacco manufacturing.