# What are the risks and what could I get in return?
Risk Indicator
Lower risk	Higher risk
The risk indicator assumes you keep the product for 5 years.
The actual risk can vary significantly if you cash in at an early stage and you may get back less.
You may not be able to cash in early. You may have to pay significant extra costs to cash in early.
You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back.
While there are no restrictions on the Fund's ability to use derivatives for investment purposes (such as gaining exposure to a security), derivatives are mainly used to hedge (manage) risk.
The MSCI Europe Index ("the Index") serves as a reference benchmark for performance comparison purposes. Whilst Fund securities may be components of the Index, the Index is not considered during portfolio construction and the Investment Manager will not manage the extent to which Fund securities differ from the Index.
The Fund will seek to support certain social characteristics by having at least 75% of the number of companies that the Fund invests in rated 1-3 for Social, on a rating scale of 1-5, where 1 is the best rating.
Income policy
Any income allocated to the Share class from the Fund is reinvested.
Dealing Frequency
Shares can be bought or sold daily in accordance with the Prospectus.
Intended retail Investor
The Fund is intended for basic retail investors with a long-term investment horizon seeking capital appreciation and who are able to bear capital loss. Investors in the Fund should be prepared to accept, in normal market conditions, a high degree of volatility of net asset value from time to time. The Fund is suitable as an investment in a well-diversified portfolio.
Depositary
State Street Custodial Services (Ireland) Limited.
Further Information
Please refer to the 'Other relevant information' section below.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
We have classified this Fund as 4 out of 7 which is a medium risk class. This rates the potential losses from future performance at a medium level. Poor market conditions could affect the value of your investment.
Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above.
Please refer to the Prospectus for full details about any other risks materially relevant to the fund not included in the summary risk indicator such as liquidity, sustainability and operational risk.
This product does not include any protection from future market performance so you could lose some or all of your investment.

Translation (ENFR, 2023-02-07):
# Quels sont les risques et qu’est-ce que cela pourrait me rapporter ?
Indicateur de risque
Risque le plus faible	Risque le plus élevé
L'indicateur de risque suppose que vous conservez le produit pendant 5 années.
Le risque réel peut varier de manière considérable si vous encaissez une somme prématurément et vous pouvez récupérer moins que la mise initiale.
Il se peut que vous ne puissiez pas encaisser une somme prématurément. Vous devrez peut-être payer des frais supplémentaires importants pour encaisser un montant prématurément.
Vous pouvez ne pas être en mesure de vendre votre produit facilement ou vous pouvez être dans l'obligation de vendre à un prix qui a un impact significatif sur le montant que vous obtenez en retour.