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Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Portfolio include:
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Investing across a broad universe of global equities, fixed income and non-traditional assets that are positively exposed to environmentally or socially orientated investment themes. These themes are broadly consistent with the United Nations Sustainable Development Goals such as health, climate and empowerment
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Utilizing bottom-up research to identify the most attractive sustainable investments and consider environmental, social and corporate governance (“ESG”) factors
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Dynamically adjusting exposures by allocating across asset classes based on changing market conditions
Portfolio Management Team
Investment Risks to Consider
These and other risks are described in the Portfolio's prospectus
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Allocation risk: The risk that the allocation of investments between growth and value companies may have a more significant effect on the Portfolio’s Net Asset Value (NAV) when one of these strategies is not performing as well as the other. In addition, the transaction costs of rebalancing the investments may, over time, be significant.
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Capitalization size risk: Holdings in smaller companies are often more volatile than holdings in larger ones.
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Concentration risk: The Fund’s portfolio may, at times, be highly concentrated. It should be noted at least 80% of the NAV will be invested in equity or equity related securities in companies located in or having large business activity in Europe. Such concentration may increase the losses suffered by the Fund or reduce its ability to hedge its exposure and to dispose of depreciating assets.
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Currency risk: Investments may be denominated in one or more currencies which are different from the Portfolio’s base currency. Currency movements in the investments may significantly affect the net asset value of the Portfolio.
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Derivatives risk: The Portfolio may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.
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Foreign risk: Investing in overseas assets may be more volatile because of political, regulatory, market and economic uncertainties associated with them. These risks are magnified in assets of emerging or developing markets.
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Interest-rate risk: As interest rates rise, bond prices fall and vice versa; long-term securities tend to rise and fall more than short-term securities.
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Market risk: Prices and yields of many securities can change frequently, sometimes with significant volatility, and can fall, based on a wide variety of factors, for example government policy or change in technology. he effects of market risk can be immediate or gradual, short-term or long-term, or narrow or broad.