Investment Policy. The Sub-Fund is managed as a portfolio of Permitted Investments in accordance with the investment policy set out in this section. Investors should note that during any period of suspension of valuation or redemption or when the Sub-Fund is wound down, the Management Company, acting in the best interests of the Unitholders, may resolve that it is unreasonable and/or impracticable to comply with some or all of the policies and guidelines in this section. The Sub-Fund is a feeder UCITS, which permanently invests at least 85% of its net asset value in LGT Sustainable Quality Equity Sub-Fund (the “Master Fund”). The Sub-Fund qualifies as an “Equity Fund” for the purposes of the German Investment Tax Act. Please see section 6.14 of the Prospectus titled "Additional Investment Provisions – German Investment Tax Act" for further information in relation to this classification. The investment objective of the Sub-Fund is for Sub-Fund investors to participate in the performance of the Master Fund. The investment objective of the Master Fund is to generate consistent long term capital appreciation, while also contributing to long-term social, economic and environmental well-being. There is no guarantee that the investment objective of the Sub-Fund will be achieved, and investment results may vary substantially over time. To achieve the investment objective, the Investment Manager of the Master Fund employs an investment process using both fundamental analyses of a security and an analysis of current market conditions. It is intended that the Master Fund will be managed to operate, in normal circumstances, on a long only basis. The Master Fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it seeks to outperform the Benchmark. However, the Benchmark is not used to define the portfolio composition of the Master Fund and the Master Fund may be invested in securities which are not constituents of the Benchmark. The Benchmark is a broad global equity index that represents large and mid-cap equity performance across a number of developed market countries. Further information regarding the Benchmark, including the methodology used for the calculation of the Benchmark, can be found on xxx.xxxx.xxx/xxxxx-xxxxxxxxxxx. The Investment Manager of the Master Fund actively seeks to achieve outperformance of the Benchmark by making active investment decisions in relation to the portfolio's allocation to equity securities. The Master Fund integrates environmental and / or social characteristics as part of its investment process. For further information in respect of how ESG is integrated, please refer to Section K. “SFDR Annex” of this Supplement.
Appears in 4 contracts
Samples: Unit Trust Agreement, Unit Trust Agreement, Unit Trust Agreement
Investment Policy. The Sub-Fund is managed as a portfolio of Permitted Investments in accordance with the investment policy set out in this section. Investors should note that during any period of suspension of valuation or redemption or when the Sub-Fund is wound down, the Management Company, acting in the best interests of the Unitholders, may resolve that it is unreasonable and/or impracticable to comply with some or all of the policies and guidelines in this section. The Sub-Fund is a feeder UCITS, which permanently invests at least 85% of its net asset value in LGT Sustainable Quality Equity Hedged Sub-Fund (the “Master Fund”). The Sub-Fund qualifies as an “Equity Fund” for the purposes of the German Investment Tax Act. Please see section 6.14 of the Prospectus titled "Additional Investment Provisions – German Investment Tax Act" for further information in relation to this classification. The investment objective of the Sub-Fund is for Sub-Fund investors to participate in the performance of the Master Fund. The investment objective of the Master Fund is to generate consistent long term capital appreciation, while also contributing to long-term social, economic and environmental well-being. There is no guarantee that the investment objective of the Sub-Fund will be achieved, and investment results may vary substantially over time. To achieve the investment objective, the Investment Manager of the Master Fund employs an investment process using both fundamental analyses of a security and an analysis of current market conditions. It is intended that the Master Fund will be managed to operate, in normal circumstances, on a long only basis. The Master Fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it seeks to outperform the Benchmark. However, the Benchmark is not used to define the portfolio composition of the Master Fund and the Master Fund may be invested in securities which are not constituents of the Benchmark. The Benchmark is a broad global equity index that represents large and mid-cap equity performance across a number of developed market countries. Further information regarding the Benchmark, including the methodology used for the calculation of the Benchmark, can be found on xxx.xxxx.xxx/xxxxx-xxxxxxxxxxxxxx.xxxx.xxx/xxxxx- methodology. The Investment Manager of the Master Fund actively seeks to achieve outperformance of the Benchmark by making active investment decisions in relation to the portfolio's allocation to equity securities. The Benchmark used by the Master Fund is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and social characteristics promoted by the Master Fund. Shareholders should therefore be aware that certain constituents of the Benchmark may not be eligible for investment by the Master Fund based on the Investment Manager's ESG screening process and therefore there is a risk that the performance of the Master Fund may be considerably different, and could be significantly lower than the performance of the Benchmark. The Master Fund incorporates sustainability considerations into the investment strategy and integrates environmental and / or social characteristics as part of its investment processprocess in the manner disclosed below. For further information When selecting issuers, the investment strategy will take into consideration ESG aspects of the companies involved. The Investment Manager of the Master Fund has developed a proprietary ESG rating which aims to assign greater weight to direct and indirect investments in respect companies with an above-average fundamental and sustainability score. Companies with low sustainability value scores may be excluded. The investment universe will be analysed over a number of how stages with the aim to include only those companies that add value over the long-term and fulfil the sustainability criteria of the Master Fund in the portfolio. The selection process for sustainable securities is based on certain quantitative and qualitative criteria, including: (a) screening for negative criteria; (b) positive screening for sustainability criteria; (c) screening for fundamental criteria; (d) screening for qualitative factors; and (e) active portfolio construction. In order to ensure that that the companies that the Sub-Fund invests in follow good governance practices, the Investment Manager of the Master Fund applies quantitative screening of corporate governance. This quantitative consideration may include the independence and competency of investee company boards in terms of leadership and composition, existing and independent key committees, the degree of integration of long-term and ESG related targets, and minority shareholder protections. In addition, good governance is integrateda factor in the qualitative assessment of individual companies prior to investment. The UCITS considers that the Sub-Fund meets the criteria of an ESG Orientated Fund. The Company reserves the right to reassess this classification at any time. If the UCITS determines at any future point that the Sub- Fund does not meet the criteria to qualify as an ESG Orientated Fund, please refer to Section K. “SFDR Annex” this Supplement shall be updated in accordance with the revised classification of this Supplementthe Sub-Fund.
Appears in 1 contract
Samples: Unit Trust Agreement
Investment Policy. The Sub-Fund is managed as a portfolio of Permitted Investments in accordance with the investment policy set out in this section. Investors should note that during any period of suspension of valuation or redemption or when the Sub-Fund is wound down, the Management Company, acting in the best interests of the Unitholders, may resolve that it is unreasonable and/or impracticable to comply with some or all of the policies and guidelines in this section. The Sub-Fund is a feeder UCITS, which permanently invests at least 85% of its net asset value in LGT Sustainable Quality Equity Hedged Sub-Fund (the “Master Fund”). The Sub-Fund qualifies as an “Equity Fund” for the purposes of the German Investment Tax Act. Please see section 6.14 of the Prospectus titled "Additional Investment Provisions – German Investment Tax Act" for further information in relation to this classification. The investment objective of the Sub-Fund is for Sub-Fund investors to participate in the performance of the Master Fund. The investment objective of the Master Fund is to generate consistent long medium-term capital appreciation, while also contributing to long-term social, economic and environmental well-being. There is no guarantee that the investment objective of the Sub-Fund will be achieved, and investment results may vary substantially over time. To achieve the investment objective, the Investment Manager of the Master Fund employs an investment process using both fundamental analyses of a security and an analysis of current market conditions. It is intended that the Master Fund will be managed to operate, in normal circumstances, on a long only basis. The Master Fund is considered to be actively managed in reference to will incorporate sustainability considerations into the Benchmark by virtue investment strategy. When selecting issuers, the investment strategy will take into consideration environmental, social and corporate governance aspects (together “ESG”) of the fact that it seeks to outperform the Benchmark. However, the Benchmark is not used to define the portfolio composition of the Master Fund and the Master Fund may be invested in securities which are not constituents of the Benchmark. The Benchmark is a broad global equity index that represents large and mid-cap equity performance across a number of developed market countries. Further information regarding the Benchmark, including the methodology used for the calculation of the Benchmark, can be found on xxx.xxxx.xxx/xxxxx-xxxxxxxxxxxcompanies involved. The Investment Manager of the Master Fund actively seeks has developed a proprietary ESG rating which aims to achieve outperformance assign greater weight to direct and indirect investments in companies with an above-average fundamental and sustainability score. Companies with low sustainability value scores may be excluded. The investment universe will be analysed over a number of stages with the aim to include only those companies that add value over the long-term and fulfil the sustainability criteria of the Benchmark by making active investment decisions Master Fund in relation to the portfolio's allocation to equity securities. The Master Fund integrates environmental selection process for sustainable securities is based on certain quantitative and / or social characteristics as part of its investment process. For further information in respect of how ESG is integratedqualitative criteria, please refer to Section K. “SFDR Annex” of this Supplementincluding,: (a) screening for negative criteria; (b) positive screening for sustainability criteria; (c) screening for fundamental criteria; (d) screening for qualitative factors; and (e) active portfolio construction.
Appears in 1 contract
Samples: Unit Trust Agreement
Investment Policy. The Sub-Fund is managed as a portfolio of Permitted Investments in accordance with the investment policy set out in this section. Investors should note that during any period of suspension of valuation or redemption or when the Sub-Fund is wound down, the Management Company, acting in the best interests of the Unitholders, may resolve that it is unreasonable and/or impracticable to comply with some or all of the policies and guidelines in this section. The Sub-Fund is a feeder UCITS, which permanently invests at least 85% of its net asset value in LGT Sustainable Quality Equity Hedged Sub-Fund (the “Master Fund”). The Sub-Fund qualifies as an “Equity Fund” for the purposes of the German Investment Tax Act. Please see section 6.14 of the Prospectus titled "Additional Investment Provisions – German Investment Tax Act" for further information in relation to this classification. The investment objective of the Sub-Fund is for Sub-Fund investors to participate in the performance of the Master Fund. The investment objective of the Master Fund is to generate consistent long medium-term capital appreciation, while also contributing to long-term social, economic and environmental well-being. There is no guarantee that the investment objective of the Sub-Fund will be achieved, and investment results may vary substantially over time. To achieve the investment objective, the Investment Manager of the Master Fund employs an investment process using both fundamental analyses of a security and an analysis of current market conditions. It is intended that the Master Fund will be managed to operate, in normal circumstances, on a long only basis. The Master Sub-Fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it seeks to outperform the Benchmark. However, the Benchmark is not used to define the portfolio composition of the Master Sub-Fund and the Master Sub-Fund may be invested in securities which are not constituents of the Benchmark. The Benchmark is a broad global equity index that represents large and mid-cap equity performance across a number of developed market countries. Further information regarding the Benchmark, including the methodology used for the calculation of the Benchmark, can be found on xxx.xxxx.xxx/xxxxx-xxxxxxxxxxxxxx.xxxx.xxx/xxxxx- methodology. The Investment Manager of the Master Fund actively seeks to achieve outperformance of the Benchmark by making active investment decisions in relation to the portfolio's allocation to equity securities. The Benchmark used by the Sub-Fund is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and social characteristics promoted by the Sub-Fund. Shareholders should therefore be aware that certain constituents of the Benchmark may not be eligible for investment by the Sub-Fund based on the Investment Manager's ESG screening process and therefore there is a risk that the performance of the Sub-Fund may be considerably different, and could be significantly lower than the performance of the Benchmark. The Master Fund incorporates sustainability considerations into the investment strategy and integrates environmental and / or social characteristics as part of its investment processprocess in the manner disclosed below. For further information When selecting issuers, the investment strategy will take into consideration ESG aspects of the companies involved. The Investment Manager of the Master Fund has developed a proprietary ESG rating which aims to assign greater weight to direct and indirect investments in respect companies with an above-average fundamental and sustainability score. Companies with low sustainability value scores may be excluded. The investment universe will be analysed over a number of how stages with the aim to include only those companies that add value over the long-term and fulfil the sustainability criteria of the Master Fund in the portfolio. The selection process for sustainable securities is based on certain quantitative and qualitative criteria, including: (a) screening for negative criteria; (b) positive screening for sustainability criteria; (c) screening for fundamental criteria; (d) screening for qualitative factors; and (e) active portfolio construction. In order to ensure that that the companies that the Sub-Fund invests in follow good governance practices, the Investment Manager of the Master Fund applies quantitative screening of corporate governance. This quantitative consideration may include the independence and competency of investee company boards in terms of leadership and composition, existing and independent key committees, the degree of integration of long-term and ESG related targets, and minority shareholder protections. In addition, good governance is integrateda factor in the qualitative assessment of individual companies prior to investment. The UCITS considers that the Sub-Fund meets the criteria of an ESG Orientated Fund. The Company reserves the right to reassess this classification at any time. If the UCITS determines at any future point that the Sub- Fund does not meet the criteria to qualify as an ESG Orientated Fund, please refer to Section K. “SFDR Annex” this Supplement shall be updated in accordance with the revised classification of this Supplementthe Sub-Fund.
Appears in 1 contract
Samples: Unit Trust Agreement
