# Objectives and Investment Policy
### Investment Objective:

### The Fund aims to provide security of capital, daily liquidity and a return that is similar to US Dollar money markets while considering select environmental, social and governance (ESG) criteria.

### Investment Policy:
The Fund invests in a diversified portfolio of short-term securities, instruments and obligations. These instruments are of high quality at the time of purchase and are eligible for investment under the Money Market Fund Regulation with an additional focus on the performance of the underlying issuers on a range of ESG metrics.
The Fund invests in short-term fixed or floating-rate securities that mature in 397 days or less. They will be issued by companies, governments and government-related entities and either listed or traded on a Recognised Market, as detailed in the Prospectus.

### The weighted average portfolio maturity of the Fund will not exceed 60 days.

### The weighted average portfolio life of the Fund will not exceed 120 days.
The Fund seeks to identify issuers that are considered to be better at addressing ESG risks. An ESG score is assigned to each approved issuer in the Fund’s universe that measures the performance of an issuer’s business operations and governance based on select ESG criteria; such as emissions, resource use, human and workforce rights, management behaviour and corporate social responsibility.
The Fund uses a combination of screens such as: relative ESG scores, adherence to the United Nations Global Compact and sector specific screens to create the ‘best in class’ investable universe of issuers that are eligible for the Fund.

### The Fund applies sector specific screens to identify and exclude issuers: responsible for the production of tobacco, nuclear armaments and other

### controversial weapons; and that derive more that 10% revenue from certain sectors such as thermal coal extraction.

### The Fund’s investments will, at the time of purchase, have a credit rating of least A-1 or P-1 (or its equivalent) from a recognised credit rating agency, such as Standard & Poor’s or Moody’s.

### The Fund may only invest in securities that are denominated in (or hedged back into) US dollars.
The Fund can invest in a range of short-term securities, instruments and obligations such as, but not limited to: certificates of deposit (short-term certificates issued by banks); medium term, variable and floating rate notes; commercial paper; bankers acceptances; government bonds, corporate bonds, Eurobonds and treasury bills; and asset backed securities.

### The Fund may invest in reverse repurchase agreements.

### The Fund may also invest in financial derivative instruments. The Fund may use them for hedging purposes.
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### The reference currency of the Fund is USD. The reference currency of this share class is USD.
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### The Fund is actively managed and does not track a benchmark. The reference benchmark for the Fund is SOFR (Secured Overnight Financing Rate).
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### Income is reinvested.
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### You may sell your investment on most working days.
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### Recommendation: this Fund may be appropriate for investors who plan to invest over a short term.
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### The Fund is classified as a Low Volatility NAV Money Market Fund under the Money Market Fund Regulations. For further details on how these funds operate, please refer to the Prospectus.

Translation (ENFR, 2022-10-13):
# Objectifs et politique d'investissement
### Objectif d’investissement :
Le Fonds vise à garantir la préservation du capital, à assurer une liquidité quotidienne et à générer des revenus similaires à ceux des marchés monétaires en dollar US en tenant compte de certains critères environnementaux, sociaux et de gouvernance (ESG).

### Politique d’investissement :
Le Fonds investit dans un portefeuille diversifié de titres, d’instruments et d’obligations à court terme. Ces instruments sont de bonne notation au moment de l’acquisition et peuvent faire l’objet d’investissements dans le cadre de la Réglementation sur les Fonds du Marché monétaire, avec une importance particulière accordée à la performance des émetteurs sous-jacents sur une gamme d’indicateurs ESG.
Le Fonds investit dans des titres à taux fixe ou flottant à court terme, dont l’échéance intervient dans les 397 jours au plus tard. Ces derniers seront émis par des sociétés, gouvernements et entités gouvernementales, et seront cotés ou négociés sur un Marché reconnu. Pour plus de détails, se reporter au Prospectus.

### L’échéance moyenne pondérée du portefeuille du Fonds n’excédera pas 60 jours. La durée de vie moyenne pondérée du portefeuille du Fonds n’excédera pas

### 120 jours.
Le Fonds cherche à identifier les émetteurs considérés comme mieux à même de gérer les risques ESG. Un score ESG est attribué à chaque émetteur approuvé dans l’univers du Fonds et mesure la performance des opérations commerciales et de la gouvernance d’un émetteur en fonction de certains critères ESG, tels que les émissions, l’utilisation des ressources, les droits de l’homme et des travailleurs, le type de gestion et la responsabilité sociale de l’entreprise.
Le Fonds utilise une combinaison de critères tels que : les scores ESG relatifs, le respect du Pacte mondial des Nations Unies et des critères sectoriels pour créer un univers d’investissement « best in class » d’émetteurs éligibles au Fonds.