This sub-fund aims to generate growth in capital and income, and have a positive long-term societal impact, taking into account ESG aspects in the selection of instruments and issuers. This bond sub-fund:

• mainly invests in a selection of investment-grade, euro-denominated direct bond lines from public, semi-public or private issuers with a focus on their green, social and sustainable bonds;
• is managed dynamically in Luxembourg by a team of bond specialists;
• generates income that may be distributed or capitalised as you choose;
• is accessible even for amounts of less than €1,000;
• has an investment horizon of +/- 5 years;
• does not have any upfront fees, exit fees or custody fees.

The management team seeks to outperform the mixed (sovereign/corporate) investment-grade market. The investment process combines traditional selection criteria (analysis of the risk-return profile, fundamentals of the company, etc.) with an analysis of the sustainable aspects based on a two-tier approach:

1. at issuer level: positive and negative filters are applied to define the pool of issuers considered sustainable.
2. at instrument level: the managers select the appropriate instrument from issuers filtered further up the line with a bias towards green, social and sustainable bonds where available. “Traditional” bonds, from which the proceeds are not solely restricted to financing green/social projects, issued by issuers considered sustainable (level 1), are also eligible for inclusion in the portfolio.