IPS Statement - Restricted Securities:
Investments in the tobacco industry:
Investments in companies that derive any revenue from the production of tobacco and that primarily deal with manufacturing and distribution of tobacco and tobacco related products are prohibited.
Investments in armaments or other military equipments:
The Fund shall not invest in securities of companies that derive any revenue from the production of military weapons, weapons systems or weapons of mass destruction, including nuclear, chemical or biological weapons, or derive more than 10 per cent of their revenue from the production of customized components for purposes of the production of military weapons, weapons systems or weapons of mass destruction.
Compustat Credit Rating ESG Validation
The long term fixed income portfolio’s allocation to the BBB credit rating band must not exceed the BBB allocation within the prevailing fixed income benchmark by an amount of more than 300 basis points.
Green Bond Fixed Income Analysis
Issuer engagement on teh following parameters: currency denomination, valuation, sector and issuer analysis (ESG), duration, and SSA risk mitigation due diligence.