# Benchmark
Benchmark index: MSCI World SRI Net Return (hereinafter the "index" or "benchmark")

#### Use of the index:
- as an investment universe;
- as a tracker;
- to compare performance


#### General description of the index:
This section contains a brief overview of the index. It summarises the index’s main characteristics, but is not intended to be a comprehensive description. In the event of any inconsistency between the summary of the index presented in this section and the full description of the index, the full description of the index shall prevail. Information on the index can be obtained on the website mentioned below. This information may vary whenever necessary, but any changes will be indicated on the said website.
Shareholders should be aware that the Promoter of the Index is authorised to change the description of the index in order to make technical adjustments necessary for the efficient management of the index. The index is calculated and managed by MSCI Inc.
MSCI Global SRI Indices are constructed by applying a combination of values based exclusions and a Best-in-Class selection process to companies in the regional indices that make up MSCI ACWI, a global equity index consisting of developed and emerging market countries.
After securities of companies involved in nuclear power, tobacco, alcohol, gambling, military weapons, civilian firearms, GMOs and adult entertainment sectors are excluded, The MSCI Best-in-Class selection process is applied to the remaining eligible securities in the selection universe.
The MSCI Global SRI Indices target sector and region weights consistent with those of the underlying indices to limit the systematic risk introduced by the ESG selection process. The methodology aims to include the securities of companies with the highest ESG ratings making up 25% of the market capitalisation in each sector and region of the parent indices. Companies that do not constitute the MSCI Global SRI Indices must obtain an MSCI ESG rating above BBB and an Impact Monitor score above 3 to be eligible. The selection universe for the MSCI Global SRI Indices is the constituent of the MSCI Global Indices.
The Index is calculated via a cap-weighted method. The MSCI Global SRI Indices are reviewed every year in May and rebalanced in August, November and February. They may also be rebalanced at other times to reflect operations such as mergers and acquisitions.
The Index is calculated in EURO on the basis of the daily closing prices. The Index is a total net return index. A total net return index calculates the performance of the components of the Index on the basis that all dividends and distributions are reinvested after deduction of any applicable taxes.
Finally, the Chinese constituents of the Index are listed on the Hong Kong Stock Exchange or consist of Chinese A- Shares (shares traded through the Shanghai Hong Kong Stock Connect or Shenzhen Hong Kong Stock Connect exchange platforms and/or through any acceptable connected securities trading and clearing platform to be developed by the Hong Kong Exchanges and Clearing Limited and another Chinese exchange).
For more information about the Index, its composition, calculation and rules governing its periodic review and rebalancing, as well as the general methodology for the calculation of MSCI Indices, please consult the site:www.msci.com.
The MSCI World SRI Net Return index fact sheet and explanatory note on the methodology are available at the following links:
https://www.msci.com/www/index-factsheets/msci-acwi-sri-index/010357800 https://www.msci.com/index-methodology

#### Level of deviation of the portfolio's composition from the index:
The sub-fund is passively managed, which means that the manager will invest the majority of its assets in common stocks that are included in the Index. Each sector will be represented in proportion to its weight in the Index. It is therefore a physical replication-based sampling method. The objective is to track the benchmark with a tracking error of around 1%. An ex ante and ex post risk control model will be used.

#### Additional information on the index
Investors should refer to the chapter "BENCHMARK" in the main part of the Prospectus for further information on the index.

Translation (ENFR, 2022-07-01):
# Benchmark
Indice de référence : MSCI Europe Net Return (ci-après l’« indice » ou « benchmark »)

#### Utilisation de l’indice:
- à des fins de comparaison de performance
- à des fins de calcul de commission de performanceL’indice n’est pas aligné sur l’objectif d’investissement durable de ce dernier. Veuillez-vous en référer à la section « Aspects, environnementaux, sociaux et de gouvernance (ESG) – Transparence en matière de durabilité », « Stratégie d’investissement » ci-dessous pour une explication de la manière dont l’objectif d’investissement durable du compartiment est atteint.


#### Niveau de déviation de la composition du portefeuille par rapport à l’indice :
Le compartiment est géré activement, ce qui signifie que le gestionnaire du portefeuille n'a pas pour objectif de reproduire la performance du benchmark. La sélection et la pondération des actifs dans le portefeuille du compartiment peuvent différer significativement de la composition du benchmark.

#### Informations complémentaires concernant l’indice
Les investisseurs sont invités à consulter le chapitre « BENCHMARK » dans la partie principale du Prospectus pour
avoir des informations complémentaires concernant l’indice.