To pursue a sustainable investment objective, by providing exposure primarily to the European sovereign green bond market, whilst maximising total returns. The Fund invests at least 90% of its Net Asset Value in sustainable investments. Such investments will primarily consist of bonds which have been issued by SSA (sovereigns, subsovereigns, supranationals and agencies) entities. The proceeds of such investments will typically contribute to an environmental objective of reducing and eliminating carbon emissions, by engaging in activities such as, but not limited to, generation or use of renewable energy, efficient use of energy, reduction of GHG emissions, carbon efficient modes of transportation.

The Fund has a sustainable investment objective in accordance with Article 9 of the Sustainable Finance Disclosure Regulation (the “SFDR”).  

In its implementation of the Fund’s investment strategy, the Investment Manager pursues a sustainable objective and invests that are:  

• labelled as being green; 
• deemed to be sustainable; 
• deemed to be social bonds; and 
• deemed to be supportive of reducing and eliminating carbon emissions and other environmental objectives. 

The Fund measures the attainment of the sustainable investment objective by means of indicators and of its proprietary ESG ratings system and its research and engagement process further described in the dedicated sections below. The Fund also ensures that its sustainable investments do not cause significant harm to any environmental or social sustainable investment objective. As part of its investment decision making process, the Fund’s ESG strategy uses binding criteria for the selection of underlying assets and applies specific ESG exclusions. 

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The Fund does not offer any capital guarantee or protection and you may not get back the amount invested. The Fund is subject to the following risks which are materially relevant:

Securitisation risk: investment in securities which generate return from various underlying groups of assets such as mortgages, loans or other assets may bear a greater risk of loss due to possible default of some of the underlying assets.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
Counterparty risk: the risk of failure of financial institutions or agents (when serving as a counterparty to financial contracts) to perform their obligations, whether due to insolvency, bankruptcy or other causes.
Sustainability risk: The fund's integration of sustainability risks in the investment decision process may have the effect of excluding profitable investments from the investment universe of the fund and may also cause the fund to sell investments that will continue to perform well. A sustainability risk could materialise due to an environmental, social or governance event or condition which may impact the fund's investments and negatively affect the returns of the fund.

For full details of all the risks applicable to this Fund, please refer to the “Risk Considerations” section of the current prospectus of Franklin Templeton ICAV.

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