To provide exposure to large and mid-capitalisation companies that are considered to be environmentally and socially responsible in developed market countries globally. The Fund invests in large and mid-capitalisation companies in developed markets, globally. These investments are included in the benchmark.

The Sub-Fund promotes environmental and social characteristics in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (the “SFDR”). 

In its implementation of the Sub-Fund’s investment strategy, the Investment Manager tracks the performance of the MSCI World Universal Select Catholic Principles and Low Carbon Index-NR (the "Index"), which is designed to represent the performance of companies having lower carbon exposure and higher ESG performance than that of the broad market, while excluding companies that are involved in controversial businesses or do not uphold Roman Catholic governance and social norms. 

The Sub-Fund’s promotion of environmental or social characteristics is assessed both quantitatively and qualitatively, by means of sustainability indicators through its tracking of the Index as further described in the dedicated sections below. 

Finally, the Fund has a minimum allocation of 10% of its portfolio to sustainable investments. The Fund ensures that its sustainable investments do not cause significant harm to any environmental or social sustainable investment objective 

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Austria 
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
Switzerland
United Kingdom 

The Fund does not offer any capital guarantee or protection and you may not get back the amount invested.

• The Fund is subject to the following risks which are materially relevant:
  Counterparty risk: the risk of failure of financial institutions or agents (when serving as a counterparty to financial contracts) to perform their obligations, whether due to insolvency, bankruptcy or other causes.
  Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a largerÐmpact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
  Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
  Index related risk: the risk that quantitative techniques used in creating the Index the Fund seeks to track do not generate the intended result, or that the portfolio of the Fund deviates from its Index composition or performance.
  Secondary market trading risk: the risk that the shares purchased on the secondary market cannot usually be sold directly back to the Fund and that investors may therefore pay more than the NAV per share when buying shares or may receive less than the current NAV per Share when selling shares.

For a full discussion of all the risks applicable to this Fund, please refer to the “Risk Considerations” section of the current prospectus of Franklin Templeton ICAV.