Description

The fund's core objective is to closely track both the price movements and income returns of the SBI ESG Foreign AAA-BBB 5-10 Total Return Index. It achieves this primarily by directly holding the debt instruments that form the index. The underlying SBI Foreign index itself is made up of Swiss franc-denominated bonds issued by international entities, which hold credit ratings between AAA and BBB. These bonds originate from sovereign governments, supranational organizations, and corporate businesses. The management style employed by the fund is entirely passive.