Janus Henderson EUR Ultrashort IG Bond Paris-aligned Climate Core UCITS ETF
| SFDR Classification | Article 9 |
| Reference benchmark | Solactive ISS Paris-Aligned Select 0-1 Year Euro Corporate IG Index. |
A. Summary
| No significant harm to the sustainable investment objective | The reference benchmark excludes issuers deemed in violation of social norms (e.g. the UN Global Compact), involved with controversial weapons, fossil fuels (revenue thresholds) or tobacco or causing significant environmental harm. The Investment Manager replicates the reference benchmark as far as possible and practical and also ensures that the same exclusions are applied to the actual holdings of the Sub-Fund.
This Sub-Fund considers Principal Adverse Impacts (PAIs) on sustainability factors. |
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| Sustainable investment objective of the financial product | The Sub-Fund aims to reduce carbon emissions in Euro ultrashort investment grade bond allocations in alignment with the Paris Agreement. It achieves this by tracking the performance of the reference benchmark, which meets the criteria for an EU Paris-aligned Benchmark (PAB) | |
| Investment strategy | The Sub-Fund invests in a portfolio of fixed income securities that reflects the composition of the reference benchmark as far as practicable. The Sub-Fund may use optimisation techniques to select securities but intends to invest only in bonds that allow the portfolio to meet the sustainability and ESG-related selection criteria described in the reference benchmark methodology. In addition, the Investment Manager performs monthly checks to ensure that the Sub -Fund is maintaining its commitment to a 90% allocation to sustainable investments. The Sub-Fund may also hold a small percentage of government or government-related bonds and cash for the purpose of efficient cash management. | |
| Proportion of investments | Minimum share of sustainable investments with an environmental objective | 90% |
| Minimum share of sustainable investments with an environmental objective not aligned with EU Taxonomy | 90% | |
| Minimum share of sustainable investments with an environmental objective aligned with the EU Taxonomy | 0% | |
| Monitoring of sustainable investment objective | The reference benchmark is rebalanced monthly to ensure alignment with its objective. The Investment Manager also checks on a monthly basis that the Sub-Fund is meeting its targets for GHG emissions (50% lower than the broad Euro investment grade bond market and a 7% year-on-year reduction) and that any issuers excluded from the reference benchmark are also excluded from the Sub-Fund. | |
| Methodologies | The Sub-Fund tracks a reference benchmark designed specifically to attain the sustainable investment objective. The reference benchmark methodology is available at www.janushenderson.com. | |
| Data sources and processing | The reference benchmark administrator uses data sourced from ISS ESG. The Investment Manager uses additional data from MSCI ESG Research to perform additional checks, including monitoring some PAIs. | |
| Limitations to methodologies and data | The Sub-Fund is designed to track the performance of the reference benchmark. As such, it relies on the ESG and climate data provided to the benchmark administrator (Solactive), and the accuracy of the administrator in applying the reference benchmark methodology. Estimates may be used in the calculation of the reference benchmark. | |
| Due diligence | The Investment Manager has conducted due diligence on ISS ESG, which was selected by the benchmark administrator as the data provider for the reference benchmark, and on MSCI ESG Research, which is an additional data provider for the Investment Manager. | |
| Engagement policies | The Investment Manager actively participates in collaborative engagement on climate via the IIGCC and Climate Action 100+. | |
| Attainment of the sustainable investment objective | The Investment Manager checks on a monthly basis that the Sub-Fund is meeting its GHG emissions targets, exclusions and minimum allocation of 90% to sustainable investments. Monthly data on GHG emissions, plus annual periodic reports as required under SFDR, will be published at www.janushenderson.com. | |
'Where the translated version of this disclosure text differs from the English version, the original English version prevails'