The Fund seeks total return, maximising investment income whilst preserving capital by investing at least two-thirds of its assets in investment grade credit debt issued by corporates globally. It targets to decarbonise the portfolio by 2050.
Provides broad exposure to the global investment grade corporate bond universe, focusing on high-quality debt issuers. Maintains a core climate transition objective, targeting net-zero carbon emissions by 2050 through an immediate and significant reduction in carbon intensity. Distinctly aims to incentivize climate transition outperformers rather than exclusively investing in existing low-carbon issuers.
Led by highly experienced portfolio managers Henrietta Pacquement and Scott Smith, who possess over 20 and 35 years of industry experience, respectively. Supported by an institutional-grade platform of more than 80 dedicated fixed income analysts globally. The team integrates specialized ESG and climate research capabilities to drive the fund's transition-focused mandate.
Designed as a low tracking error solution relative to the Bloomberg Global Aggregate Corporate Index. Targets consistent net outperformance over a full market cycle through a risk-controlled framework. Structural alpha is primarily driven by bottom-up security selection rather than large thematic or directional market bets.
Employs a repeatable investment process centered on deep collaboration between credit analysts and portfolio managers for both top-down and bottom-up decision-making. Utilizes a proprietary climate transition framework embedded into fundamental credit analysis to identify companies with robust decarbonization trajectories. Mitigates non-core risks by hedging all foreign currency exposure back to the base currency.
Access to institutional share class with no trailer fees to achieve the lowest possible fees
Serves as a high-quality core fixed income allocation, providing globally diversified exposure to investment grade corporate credit. Aligns institutional-grade credit exposure with long-term sustainability goals and climate transition objectives. Investors should maintain a diversified asset allocation to manage inherent interest rate sensitivity and the credit risk associated with corporate debt obligations.
Daily data. Returns as of 07 Nov 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.2% | 0.8% | -2.3% | 0.5% | 0.5% | 0.1% | -1.6% | -0.1% | -2.6% | 1.3% | - | - |
| 2025 | 4.3% | 0.5% | 1.5% | -0.6% | 0.3% | -0.0% | 1.2% | -0.0% | 0.6% | 0.8% | 0.3% | 0.2% | -0.5% |
| 2024 | 2.3% | 0.4% | -1.3% | 1.2% | -2.1% | 1.2% | 0.6% | 2.0% | 1.0% | 1.3% | -1.8% | 1.2% | -1.5% |
| 2023 | - | - | - | - | - | - | - | - | - | -0.7% | -0.8% | 4.2% | 3.5% |
| United States Treasury Notes 4.63% (2035-02-15 Maturity) | 1.92% |
| Citigroup Inc. 5.17% (2036-09-11 Maturity) | 1.29% |
| Bank of America Corp. 2.97% (2033-02-04 Maturity) | 0.89% |
| Truist Financial Corp. 1.89% (2029-06-07 Maturity) | 0.74% |
| Motorola Solutions Inc 4.6% (2028-02-23 Maturity) | 0.72% |
| American International Group, Inc. 4.25% 24-Sep-2031 (2031-09-24 Maturity) | 0.68% |
| Simon Global Development BV 3.65% (2031-06-15 Maturity) | 0.67% |
| ASN Bank NV 3.625% (2032-04-28 Maturity) | 0.67% |
| Telefonica Emisiones S.A.U. 4.3525% (2034-11-27 Maturity) | 0.67% |
| Goldman Sachs Group, Inc. 3.1% (2033-02-24 Maturity) | 0.66% |
| Marsh & McLennan Companies, Inc. 5% (2035-03-15 Maturity) | 0.66% |
| Rogers Communications Inc. 5% (2029-02-15 Maturity) | 0.65% |
| JPMorgan Chase & Co. 5.57% (2036-04-22 Maturity) | 0.64% |
| Bank of America Corp. 5.045% (2037-02-06 Maturity) | 0.64% |
| AbbVie Inc. 5.05% (2034-03-15 Maturity) | 0.63% |
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