Global Sustainability Index
NAV AS OF 11/25/22
NSRKXClass K Shares
For those investors who are socially conscious, the Global Sustainability Index Fund may be the Fund for you. Companies that adhere to widely accepted sustainability principles can help protect the environment and foster more favorable living conditions for future generations. Their practices might include; stewardship of the environment, service to local communities and society at large, commitments to higher labor standards, focus on safe, high-quality products and exemplary and ethical management.
Seeks to Replicate Index
- Seeks to replicate the investment composition and overall performance of the stocks included in the MSCI World ESG Leaders Index.
- The Index is a diversified, sector neutral global benchmark constructed using environmental, social and governance (ESG) factors.
- Sector and regional neutrality is designed to help the Index outperform other social responsibility and sustainability indices.
If you are an investor who wants to invest in a broad, diversified set of large- and mid-cap developed global companies in North America, Europe and Asia-Pacific, that are selected based on sector ranking of environmental, social and government factors, you may find this Fund attractive.
2% on shares sold or exchanged within 30 days of purchase
Overall Morningstar Rating TM
Among 304 global large-stock blend funds derived from a weighted average of the fund's 3-, 5- and 10-year risk-adjusted returns as of 9/30/22.
Global Sustainability Index (Class K Shares) received 4 stars for the 3-year rating among 304 global large-stock blend funds, 4 stars for the 5-year rating among 271 funds and 4 stars for the 10-year rating among 169 funds.
The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
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