The fund seeks performance, in USD, from an actively managed short duration emerging debt securities portfolio whose carbon footprint, measured as carbon intensity, is at least 30% lower than that of the index composed of 75% J. P. Morgan Corporate Emerging Market Bond Index Broad Diversified + 25% J. P. Morgan Emerging Market Bond Index Global Diversified. As a secondary extra-financial objective, the water intensity of the portfolio aims also at being at least 30% lower than the Benchmark.The Sub-Funds objective to invest in lower carbon emissions intensive exposures than the Benchmark is not performed in view of achieving the long-term global warming objectives of the Paris Agreement.