ESG

The fund holds a broad portfolio of companies from the S&P 500 Index that meet ESG screens, while maintaining a similar risk and return profile as the Index. Eligible companies are identified using various exclusionary screens which include controversial business activities involvement, as defined by Sustainalytics, Arabesque GC scores based on United Nations Global Compact (UNGC) principles, Media and Stakeholder Analysis (MSA), and S&P DJI ESG Scores. Specifically, the fund eliminates companies: (1) involved in tobacco, weapons, and thermal coal (2) those with GC scores ranked in the bottom 5% of all UNGC-scored companies globally (3) firms with ESG risks flagged by released MSA and (4) those with S&P DJI ESG scores within the bottom 25% from each GICS industry group.