wtwco.com
Towers Watson Euro
Secure Income Fund
SFDR Website Disclosure
A. Summary
The Towers Watson Secure Income Fund the
(“Sub-Fund”) is categorised as an Article 8 product
under the Sustainable Finance Disclosure Regulation
(“SFDR”). The investment objective of the Sub-Fund is to
achieve the Target Return (as defined in the Supplement)
and provide investors with a diverse portfolio of secure
long-term cash flows. Towers Watson Investment
Management Limited (the “Investment Manager”) sets
out here in summary the key information with regards to
the environmental characteristic promoted by the Sub-
Fund and the approach taken.
Environmental characteristic promoted
The Investment Manager intends to reduce the
greenhouse gas emissions of the Sub-Fund’s portfolio
and as a result improve risk-adjusted financial returns.
The Investment Manager intends for the Sub-Fund to
achieve at least a 50% reduction in greenhouse gases by
2030 in its portfolio and continue beyond that time to
further reduce greenhouse gases from the portfolio with
an aim of net zero emissions by 2050.
Proportion of sustainable investments
The Sub-Fund does not commit to make sustainable
investments.
Investment strategy, including due diligence
and engagement
In support of the Sub-Fund’s intention to contribute to
the reduction in greenhouse gases in its portfolio by
2050, the Investment Manager has a variety of related
binding elements in the Sub-Fund’s investment strategy
it pursues. The Sub-Fund has a carbon journey plan
(the “Carbon Journey Plan”) which sets a pathway
towards the net zero ambitions of the Sub-Fund and
is used to monitor whether the Sub-Fund’s portfolio is
on an appropriate long-term trajectory. A Sustainable
Investment (“SI”) Report is also prepared as part of
the due diligence process on Portfolio Managers1. The
Portfolio Funds2 in which the Sub-Fund invests, and the
Portfolio Managers, are assessed prior to investment and
periodically thereafter to ensure that they continue to
follow good governance practices.
Proportion of investments
The Sub-Fund will primarily invest in a range of
Portfolio Funds (including WTW funds), as specified
in the “Investment Policy” section of the Supplement.
All investments (minimum proportion 90%), with the
exception of derivatives and cash (up to 10%), will
contribute to the attainment of net zero greenhouse
gas emissions by 2050 in the portfolio of the Sub-Fund
in accordance with the binding elements of the
investment strategy.
1 Defined as a third-party investment manager or sub-investment manager (being an investment manager or sub-investment manager other
than the Investment Manager) providing discretionary portfolio management services in respect of a Portfolio Fund (“Portfolio Manager”).
2 Defined as a collective investment scheme (and in the case of a collective investment scheme constituted as an umbrella fund, a sub-fund
thereof), or a fund structured through a life policy or managed account, or segregated account managed by a Portfolio Manager in which
a Sub-Fund may invest. Where a Sub-Fund wishes to gain exposure to a Portfolio Fund through a master-feeder structure, the feeder fund
through which the Sub-Fund invests shall be disregarded for the purposes of this definition, provided always that the master fund shall, itself,
be a portfolio fund (“Portfolio Fund”).
