This ETF's primary goal is to mirror, as accurately as possible, the returns of the iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index (a total return benchmark), consistently tracking its performance irrespective of market direction. It also features a monthly currency hedge back to EUR. Investors gain access to a portfolio of US dollar-denominated, high-quality, variable-rate corporate bonds issued by companies in developed economies. A key differentiating factor is its strict ESG screening process, which systematically excludes firms involved in adult entertainment, alcohol, civilian firearms, controversial weapons, conventional weapons, gambling, genetically modified organisms (GMOs), nuclear power, nuclear weapons, tobacco, oil sands, and thermal coal. Furthermore, all constituent bond issuers must meet a minimum MSCI ESG rating of BBB. For exhaustive details on the index methodology, please consult the fund's official prospectus or visit www.ihsmarkit.com.