FIL Sustainable Global High Yield Passive Mutual Fund - USD Hedged

FIL Sustainable Global High Yield Passive Mutual Fund - USD Hedged is a mutual fund designed to offer investors exposure to a diversified portfolio of high-yield securities globally. Its primary function is to generate attractive risk-adjusted returns by investing in bonds that provide a higher yield compared to conventional investment-grade bonds. A key feature of this fund is its sustainability focus; the securities selected for inclusion must adhere to stringent environmental, social, and governance (ESG) criteria, allowing investors to align financial goals with ethical considerations. This mutual fund actively mitigates currency risk for U.S. investors by employing hedging strategies to minimize the impact of exchange rate fluctuations, specifically against the U.S. dollar. By adopting a passive investment strategy, it seeks to mirror the performance of a specific high-yield bond index while keeping costs low for investors. The fund plays a significant role in the market by offering an accessible pathway for those seeking income generation from high-yield assets, combined with a commitment to sustainable investment principles. It caters to investors aiming for competitive returns without compromising on their commitment to responsible investing practices.