BGF ESG Flex Choice Gr.Fd.X2 USD/  LU2368540352  /

The Fund aims to provide a return on your investment, with a relatively high level of risk, through a combination of capital growth and income on the Fund"s assets in a manner consistent with the principles of environmental, social and governance "ESG" focused investing. The Fund invests globally at least 80% of its total assets in units of funds qualifying as Article 8 or 9 of the SFDR Regulation which pursue a positive ESG objective or outcome, and do not adopt ESG exclusionary screens solely as their ESG policy, or, in the case of government bond exposures, track benchmark indices incorporating ESG requirements or comprised of bonds issued by governments that have an ESG sovereign rating of at least BB (see prospectus for further details). The Fund will not be subject to any geographic restrictions. Whilst the Fund"s exposures may vary over time, it is intended that its direct and indirect exposure to equities will be targeted at 80% of Net Asset Value (NAV), and its direct and indirect exposure to fixed income (FI) securities will be targeted at 20% of NAV. The Investment Adviser (IA) intends the Fund to have a carbon emissions intensity score that is 20% lower and a weighted average ESG score higher than a composite benchmark comprising MSCI All Country World Index (80%) and Bloomberg Barclays US Universal Index (20%) ("Index"). There can be no guarantee that the Fund will maintain a cautious level of risk, especially during periods of unusually high or low volatility in the equity and fixed income markets The IA may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund"s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets).

The Fund aims to provide a return on your investment, with a relatively high level of risk, through a combination of capital growth and income on the Fund"s assets in a manner consistent with the principles of environmental, social and governance "ESG" focused investing. The Fund invests globally at least 80% of its total assets in units of funds qualifying as Article 8 or 9 of the SFDR Regulation which pursue a positive ESG objective or outcome, and do not adopt ESG exclusionary screens solely as their ESG policy, or, in the case of government bond exposures, track benchmark indices incorporating ESG requirements or comprised of bonds issued by governments that have an ESG sovereign rating of at least BB (see prospectus for further details).