State Street SPDR Bloomberg U.S. Corporate Scored UCITS ETF Acc

Objectives Investment objective The objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which generally reflects the return of the Bloomberg SASB Scored US Corporate Ex-Controversies Select Index. The Fund seeks to track the performance of the Bloomberg SASB Scored US Corporate Ex-Controversies Select Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. The Index is an investment grade (high quality), fixed-rate, U.S. dollar-denominated benchmark that optimizes its R-Factor score, an environmental, social and governance ("ESG") rating, provided by State Street Global Advisors. Based on the Bloomberg U.S. Corporate Bond Index (the "U.S. Corporate Index"), the Index selects securities eligible for the U.S. Corporate Index, then aims to exclude certain issuers based on their ESG characteristics considering both their ESG rating and their involvement in certain controversial business activities as outlined in the Index methodology. Then, the Index weights securities using an optimisation process, in order to seek to maximise the portfolio ESG rating, while controlling for active total risk. The active total risk refers to the variation between the Index and the U.S. Corporate Index. At least 90% of the Fund's assets are invested in securities that are constituents of the Index, while the Index provider applies ESG ratings on all of the Index constituents. It is expected that the resulting portfolio ESG rating will be higher than the portfolio ESG rating of the U.S. Corporate Index after applying a filter eliminating at least 20% of the least well rated securities, by ESG rating, from the U.S. Corporate Index. There may be potential inconsistencies, inaccuracy or lack of availability of the ESG data, particularly when issued by external data pro

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No