No sustainable investment objective:
This financial product promotes environmental or social characteristics but does not have sustainable investment as its goal.
Environmental and social characteristics of the financial product:
The fund promotes environmental and social characteristics through the following exclusions:
- Oil (maximum 5% turnover)
- Coal (maximum 5% of turnover)
- Oil sands (maximum 5% turnover)
- Natural gas (maximum 5% turnover)
- Controversial weapons (0%)
- Nuclear weapons (0%)
- Alcohol (maximum 5% turnover)
- Tobacco (maximum 5% turnover)
- Pornography (maximum 5% turnover)
- Gambling (5%).
The fund excludes companies that systematically violate international norms and conventions such as the UN Global Compact and the OECD's guidelines for multinational enterprises.
Investment strategy:
The fund is an actively managed fund that invests in equities on global stock exchanges. Scilla is a strategy that invests in companies that offer an attractive balance between expected return and risk compared to the global market average.
Equity selection is also based on carefully chosen guidelines for liquidity and volatility. The strategy places special emphasis on the fund's risk, which means that in a volatile market, the fund may hold more cash and apply some leverage in calmer markets.
Proportions of investments:
At least 90% of the fund's investments are expected to be adapted to environmental or social characteristics.
Monitoring of environmental or social characteristics:
Different holdings in our investments are exposed to sustainability risks to varying degrees, which can also vary over time. Therefore, it is important to continuously monitor the holdings in case the portfolio manager needs to make a new assessment of sustainability risks in any of the portfolio companies.
Methodologies:
Different holdings in our investments are exposed to sustainability risks to varying degrees, which can also vary over time. Therefore, it is important to continuously monitor the holdings in case the portfolio manager needs to make a new assessment of sustainability risks in any of the portfolio companies.
Data sources and processing:
Captor primarily uses Sustainalytics and Bloomberg to obtain ESG data. Some data is obtained directly from portfolio companies. In addition, Captor analyzes the companies themselves.
Limitations to methodologies and data:
Over time, Captor controls data quality by collecting, comparing, and, in cases of uncertainty, contacting companies directly. Some of the data that Captor collects will be estimates, and these estimates are not always entirely accurate. However, we consider them a good guideline until better data becomes available.
Due Diligence:
Captor has procedures in place for due diligence to ensure that each fund's sustainability criteria are met, and sustainability risks are reduced. Captor sees the following methods as fundamental in this work: examination and exclusion, assessment, monitoring, documentation, as well as follow-up and evaluation.
Engagement policies:
In a situation where a portfolio company is at risk of violating international norms and conventions or if we have identified that a company has increased turnover linked to one of the excluded sectors, Captor may initiate a dialogue with representatives to highlight the issues and obtain important information. If a company systematically violates international conventions and norms, the fund will demonstrate its shareholder engagement by divesting from the holding.
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