Sustainability disclosure SFDR

Statement on the Principal Adverse Impacts (PAI) of investment decisions on sustainability factors (Art. 4 SFDR)

The Company does not currently take into consideration the main negative effects of investment decisions on sustainability factors (PAI), as required by art. 4 of Reg. (EU) 2019/2088. The decision is mainly due to the current limited availability of the data necessary for the calculation and subsequent monitoring of PAIs at the entity level. A further limitation is due to the divergent methodology of each asset manager, often proprietary and influenced by the quality of the data made available by the issuers of the securities in which the fund invests.