US Impact Equity

US Impact Equity

Material Risks – The following risks are materially relevant to the portfolio: 

Equity - Equities can lose value rapidly for a variety of reasons and can remain at low prices indefinitely. Geographic concentration - Geographic concentration risk may result in performance being more strongly affected by any social, political, economic, environmental or market conditions affecting those countries or regions in which the portfolio’s assets are concentrated. Issuer concentration - Issuer concentration risk may result in performance being more strongly affected by any business, industry, economic, financial or market conditions affecting those issuers in which the portfolio’s assets are concentrated. Sector concentration – Sector concentration risk may result in performance being more strongly affected by any business, industry, economic, financial or market conditions affecting a particular sector in which the portfolio’s assets are concentrated. Small and mid-cap -  Small and mid size company stock prices can be more volatile than stock prices of larger companies. Sustainability Alignment Product - Portfolios with a sustainable investment objective, or those that seek to promote environmental and/or social characteristics, are subject to distinct risks and considerations compared to conventional investment products. These portfolios may perform differently from those without such objectives or characteristics. 

General Portfolio Risks:

Conflicts of Interest – The investment manager’s obligations to a portfolio may potentially conflict with its obligations to other investment portfolios it manages. Counterparty – An entity with which the portfolio transacts may not meet its obligations to the portfolio. Custody – In the event that the depositary and/or custodian becomes insolvent or otherwise fails, there may be a risk of loss or delay in return of certain portfolio’s assets. Cybersecurity – The portfolio may be subject to operational and information security risks resulting from breaches in cybersecurity of the digital information systems of the portfolio or its third party service providers. Investment Portfolio – Investing in portfolios involves certain risks an investor would not face if investing in markets directly. Inflation – Inflation may erode the value of the portfolio and its investments in real terms. Market – Market risk may subject the portfolio to experience losses caused by unexpected changes in a wide variety of factors. Market Liquidity – In extreme market conditions it may be difficult to sell the portfolio’s securities and it may not be possible to redeem shares at short notice. Operational – Operational failures could lead to disruptions of portfolio operations or financial losses. Sustainability – An environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment and performance of the portfolio.