Description

The Bloomberg MSCI USD Corporate SRI 0-5 Years PAB Index aims to reflect the performance of the following market: USD-denominated corporate bonds Investment grade bonds only Bonds with maturities between 1 month and up to but not including 5 years Minimum amount outstanding of USD 750mn Only bonds issued by companies with a MSCI ESG rating of BBB or above and a MSCI ESG Controversy score of 1 or above are included The index monitors absolute greenhouse gas (“GHG”) emissions by setting an initial 50% decarbonization of absolute GHG emissions relative to the parent universe followed by an annual 7% decarbonization trajectory of absolute GHG emissions. Bonds issued by companies involved in the following business lines/activities are excluded: Alcohol, Tobacco, Gambling, Adult Entertainment, Genetically Modified Organisms (GMO), Nuclear Power, Civilian Firearms, and certain Military Weapons as further described in the index exclusion rules. Additional information on the Index and the methodology concerning the Bloombergindices can be found on the website of the index administrator ( https://www.bloombergindices.com/ ).