From PDS:

The Investment Manager addresses environmental, social and ethical considerations and the consideration of norms for responsible business practices through a combination of positive screening, negative screening, ESG integration and stewardship activities. The Fund is solely focused on investing in listed global companies whose business activities are assessed to be contributing to or benefiting from the broad themes of environmental sustainability and resource efficiency. This is implemented via a universe constructed through positive screening for exposure to selected industries, technologies, products and services related to improving global sustainability. The Investment Manager seeks to avoid investment in companies with levels of involvement in activities that are deemed by the Investment Manager to be inconsistent with the Fund’s focus on sustainability, companies operating in severe or potentially severe contravention of established norms for responsible business practices or companies that are involved in areas of significant environmental or ethical concern set by the Investment Manager (including any applicable materiality thresholds) from time to time, or otherwise misaligned with the sustainability focus of the Investment Manager. This is implemented via negative based screening in the construction of the Fund’s investment universe. Examples of companies generally avoided on this basis include, but are not limited to, those engaged in the exploration or extraction of coal, oil or natural gas or the production of alcohol, tobacco or pornography. The negative screen may include the application of materiality thresholds determined by the Investment Manager from time to time in relation to the extent of the company’s revenue permitted to be drawn from the relevant activity, with the threshold generally ranging from 0% to 30%.In assessing investments for the Fund, the Investment Manager incorporates the subjective assessment of selected environmental, social and governance factors. This analysis focuses on factors the Investment Manager believes are material to the sustainability and future performance of companies and the extent to which that will benefit shareholders. These include, but are not limited to, the quality and capability of the board and management, the alignment of interest between management and shareholders, the sustainability of a company’s activities (products and services) and the sustainability of relationships with stakeholders. The Investment Manager takes into account Labour Standards in its negative screening in the construction of the Fund’s investment universe and seeks to avoid investment in companies operating in severe violations of norms for responsible business practices such as the UN Global Compact. Where practical, the Investment Manager may seek to influence companies to improve their impact on global sustainability outcomes and the sustainability of their governance and business practices. This is done through proxy voting aligned with a sustainability based voting policy and selective engagement activities. Nanuk’s approach to sustainable investment is set out in the firm’s Sustainability, ESG, Stewardship and Climate Change Policies and is described in detail in our Responsible and Sustainable Investment Statement (available from our website www.nanukasset.com)

The Nanuk New World Fund is an actively managed, diversified, global equities fund that seeks to outperform traditional global equity indices through investment in a large and growing component of the overall global equity universe positively impacted by global sustainability trends.

The Fund invests in companies that are benefiting from, or contributing to, improving global environmental sustainability and resource efficiency - primarily in areas such as clean energy, energy efficiency, industrial efficiency, advanced and sustainable materials, waste management, recycling and pollution control, food and agricultural productivity and healthcare technology.

These differentiated investments can offer investors strong diversification benefits and the potential to mitigate otherwise unmanaged risks embedded in traditional equity portfolios. Nanuk's fundamental investment approach seeks to Identify good quality, well managed and sustainable businesses subject to favourable industry trends at prices that provide for attractive return potential.

Fund Objective

The Fund seeks to outperform traditional global equities indices through investment in a large and growing universe of equities positively impacted by global sustainability trends