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Please see risks and other important information on following pages. 1 Calculation methodology and scope on page 5. Issued by Comgest Asset Management International Limited, 46 St. Stephen's Green, Dublin 2, Ireland - info@comgest.com Source: CAMIL / FactSet financial data and analytics, unless otherwise stated. All information and performance data is as at 30/09/2026, unless otherwise indicated, and is unaudited. www. comgest.com Page 1 of 7
MARKETING COMMUNICATION
COMGEST GROWTH AMERICA GBP U ACC - IE00BGPZCP00
NAV per share: £50.90 30 September 2026
CUMULATIVE PAST PERFORMANCE (REBASED TO 100)
Rebased to 100
ROLLING PERFORMANCE (%) Annualised 1 Month QTD YTD 1 Year 3 Years 5 Years 10 Years Since Incep. Fund 0.1 3.0 - 0.8 - 1.0 10.6 9.1 -- 11.8 Index 1.7 2.1 13.9 16.9 19.0 13.6 -- 14.4 Fund Volatility -- -- -- 12.7 14.3 15.6 -- 15.8 Index Volatility -- -- -- 11.5 14.0 15.0 -- 16.2 CALENDAR YEAR PAST PERFORMANCE (%) 2020 2021 2022 2023 2024 2025 Fund 21.5 27.8 - 10.4 26.6 18.2 7.4 Index 14.1 29.3 - 8.2 18.6 26.7 9.3 ANNUAL PERFORMANCE (%) AS AT QUARTER END 3Q19 - 3Q20 3Q20 - 3Q21 3Q21 - 3Q22 3Q22 - 3Q23 3Q23 - 3Q24 3Q24 - 3Q25 3Q25 - 3Q26 Fund 13.8 24.7 - 3.6 18.8 21.4 12.4 - 1.0 Index 9.1 24.1 1.6 10.7 23.5 16.7 16.9 Performance data expressed in GBP. Returns may increase or decrease as a result of exchange rate fluctuations. Index: S&P 500 - Net Return.The index is used for comparative purposes only and the Fund does not seek to replicate the index. Past performance does not predict future returns. Capital is at risk. The value and any income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative im pact on performance. The cumulative graph and “Since Inception" data may refer to the last relaunch date of the share class which may differ from its actual inception date. Calendar year past performance is only shown for years for which a full calendar y ear of past performance is available.
85
115
145
175
205
235
265
Jul-19 Jun-20 May-21 Apr-22 Mar-23 Feb-24 Jan-25 Dec-25 Fund Index
SFDR CLASSIFICATION: Article 8 The Fund promotes environmental and/or social characteristics. ESG LABELS
The LuxFLAG ESG label has been granted until 31/03/2028. Investors must not rely on the label with regard to investor protection issues and LuxFLAG cannot incur any liability related to financial performance or default of the labelled fund. The fact that the fund has obtained an ESG label does not mean that it meets your own sustainability goals. CARBON FOOTPRINT 1
Source: MSCI as at 30/06/2026, tCO 2 e per million USD invested.
BIODIVERSITY FOOTPRINT 1
Source: MSCI as at 30/06/2026, expressed in PDF per million USD invested, relative to the index.
23
4
Index
Fund
100
73
Index
Fund
COMGEST ATTRIBUTES • Quality Growth philosophy • Focus on long - term EPS growth • Team - based approach • Broad partnership structure INVESTMENT POLICY The objective of the Sub - Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high quality, long - term growth companies. The Fund will invest at least two - thirds of its assets in securities issued by companies that have t heir headquarters in, or principally carry out their activities in America or in securities issued or guaranteed by the American government. The Fund is actively managed. The index is provided for comparative purposes only. The Fund is aimed at investors with a long - term investment horizon (typically 5 years or more).
RISK AND REWARD PROFILE Lower risk Higher risk Typically lower rewards Typically higher rewards
1 2 3 4 5 6 7 The indicator represents the risk and reward profile presented in the UCITS Key Investor Information Document. The indicator assumes you keep the product for 5 years otherwise the actual risk can vary significantly.
Page 2
RISKS This Fund has the following core inherent risks (non - exhaustive list): • Investing involves risk including possible loss of principal. • The value of all investments and the income derived therefrom can decrease as well as increase. • There is no assurance that the investment objective of the Fund will be achieved. • To the extent that the Fund is invested in or denominated in a currency other than yours, the cost and return in your currency may increase or decrease due to exchange rate fluctuations. • A more detailed description of the risk factors that apply to the Fund is set ou t in the Prospectus. Please see important information on following pages. Issued by Comgest Asset Management International Limited, 46 St. Stephen's Green, Dublin 2, Ireland - info@comgest.com Source: CAMIL / FactSet financial data and analytics, unless otherwise stated. All information and performance data is as at 30/09/2026, unless otherwise indicated, and is unaudited. www. comgest.com Page 2 of 7
MARKETING COMMUNICATION
COMGEST GROWTH AMERICA GBP U ACC - IE00BGPZCP00
30 September 2026
FUND COMMENTARY The third quarter of 2026 was not short of events. July started off with a major sell - off in stocks linked to artificial intelligence. The PHLX Semiconductor Index (SOX) declined more than 20% in July in what was a classic momentum crash following months of strong investor ent husiasm. The crash was caused not by a single event, but rather a combination of smaller elements: the emergence of strong Chinese AI models at a fraction of the co st of US models, certain doubts about potential compute oversupply, as well as the first sig ns of rate hikes. All this was then amplified by leveraged positioning in certain pockets of the market. In July, the portfolio's defensive positioning worked as expected and the portfolio significantly outperformed the index. Sin ce then, AI - related stocks have recovered somewhat but remain between the June highs and the July lows. Exceptional results have been offset by certain doubt s around the profitability of major AI labs, the potentially unlimited liabilities these companies could face for economic da mage caused by unsupervised AI agents (the hacking of Hugging Face was a first wake - up call in this respect) and cheaper open models approaching the capabilities of frontier models. Adding to the uncertainty, the war in Iran continued throughout the quarte r with various mixed signals on escalation and de - escalation, causing a surge in oil prices. In this environment, the Fed decided to raise rates by a quarter point. Consumer spending held up well over the summe r: after a dip in July, retail sales rebounded in August. This resilience, however, partly rests on a decreasing saving rate, and results from major retailers such as Walma rt raised questions about the health of lower - income consumers. Inflation remained relatively stable in July and August and, on a more positive note, employment numbers surprised to the upside in August, showing that despite some cracks here and there, the economy is still robust. During the quarter, the portfolio outperformed the index thanks to our more defensive positioning. Among the best performers were Microsoft, Meta and Apple. At Microsoft, the cloud business, Azure, accelerated to 43% growth and was guided to even faster growth next quarter, while t he order backlog continued to grow and the company guided to positive cash flo w. The results were well received, as the acceleration shows Microsoft is reaping the first benefits from its huge AI investments, while investors were also attracted to the stock by the prospect of capital expenditure potentially peak ing next year, which would imply a strong cash flow inflection in the outer years. We believe Microsoft is uniquely positioned to benefit from AI in the post - buildout phase thanks to its distribution advantage. Meta's revenue grew 28%, as artificial intelligence is improving how content and ads are matched to users. The operating margin, however, compressed in part due to artificial intelligence spending, and cash generation turned negative. While the short - term cash burn worried investors at first, the stock had an impressive run in September on the back of the success of Meta's Muse agent, which brings agentic capabilities to mainstream consumers i n an easy - to - use way. The Meta Connect event then saw the company announce new connected glasses and the "Muse Charm", a dedicated device for interacting with AI, showing Meta's longer - term ambition to control the very hardware on which consumer AI runs. Apple's sales reached record levels, with the iPhone gaining market share. The company also announced new products, such as a folda ble phone, and continues to operate with net cash. Among the detractors, Vulcan Materials, a leading producer of construction aggregates, was penalised as higher diesel prices weighed on its margins. Stryker came under pressure as the company posted result s below expectations in certain divisions following the disruption caused by a cyberattack. Oracle was punished as investors questioned the cash flow profile of its backlog and its dependence on OpenAI. The company keeps posting strong results, with revenu es up 30% and backlog up 46%, and we believe the valuation is reasonable for this level of growth. However, we acknowledge that the business model's intrinsic visibility has decreased over time, which is why we hold a smaller position than we used to. As a reminder, we have held Oracle for more than 15 years and have regularly taken profits when the stock price was significantly higher than it is now. Over the period, we initiated three new positions: a leading off - price retailer, a leading provider of lock s, door hardware and access control systems for residential and non - residential buildings, and a company holding a near - monopolistic position in critical machines used in the semiconductor supply chain. Here we took advantage of a significant price decline . We exited Booking and Verisk, two small positions. Among the companies the market perceives as potential AI losers, we prefer red to concentrate on those where our conviction is higher. We also exited Netflix and Copart. Although we think these are good b usinesses, we have some doubts about the potential for growth to reaccelerate over the medium term at both companies. We may revisit these names at a later stage. During the quarter, we increased our positions in Amphenol and Qualcomm, as we like their op tionality linked to AI, coupled with business models diversified enough to withstand, we believe, a potential AI shock. Finally, we reduced our positions in Stryker, Vulcan Materials and S&P Global on visibility grounds. While we believe in the transformat ional nature of AI technology, we acknowledge the intrinsically cyclical nature of the current infrastructure buildout and the need for our portfolio to remain balanced enough to steadily navigate any environment over the long term. Our focus on ea rnings q uality may weigh on relative performance during a cyclical boom, when low - margin, highly cyclical or leveraged companies tend to outperform. We believe, however, that the portfolio should prove resilient in cyclical downturns, as July's strong performance illustrated. We keep our exposure to AI selective, focused on names we deem able to grow and prosper beyond the buildout phase, and we maintain our exposure to the more defensive quality names tha t are currently under pressure. Our approach and priorities remain unchanged. We aim to build a diversified portfolio of companies that we believe can deliver earnings growth above 10% per annum with low volatility, high predictability and above - average returns on capital, all at a reasonable valuation. The views expressed in this document are valid at the time of publication only, do not constitute independent investment research and should not be interpreted as investment advice. The reference to specific companies does not constitute a recommendation to in vest directly in these securities. Allocation is subject to change without notice. Remember that past performance does not predict future returns.
Page 3
Past performance does not predict future returns. Data on holdings is provided for information purposes only and is not a recommendation to buy or sell the securities shown. Issued by Comgest Asset Management International Limited, 46 St. Stephen's Green, Dublin 2, Ireland - info@comgest.com Source: C AMIL / FactSet financial data and analytics, unless otherwise stated. All information and performance data is as at 30/09/202 6, unless otherwise indicated, and is unaudited. www. comgest.com Page 3 of 7
PORTFOLIO CHARACTERISTICS
Total Net Assets (all classes, m) £409.9 Number of holdings 32 Average weighted market cap (bn) £1,104.2 Weight of top 10 stocks 58.3% Active share 66.6% Holdings exclude cash and cash equivalents
TOP 5 HOLDINGS (%) Fund Microsoft Corp 8.5 Alphabet A 7.6 Apple 7.1 Amazon.com 7.0 Meta Platforms A 5.4 Above holdings are provided for information only, are subject to change and are not a recommendation to buy or sell SECTOR BREAKDOWN (%) Fund Index Information Technology 29.7 39.7 Financials 14.3 11.4 Communication Services 13.1 9.9 Health Care 12.8 9.3 Industrials 12.0 8.0 Consumer Discretionary 11.0 8.6 Materials 3.3 1.7 Consumer Staples 2.5 4.4 [Cash] 1.3 -Energy -- 3.4 Utilities -- 1.9 Real Estate -- 1.7 Source: Comgest / GICS sector classification
COUNTRY BREAKDOWN (%) Fund Index United States 98.7 99.5 [Cash] 1.3 -United Kingdom -- 0.3 Ireland -- 0.2 Source: Comgest / MSCI country classification
CURRENCY BREAKDOWN (%) Fund Index USD 100.0 100.0 Breakdown based on currencies in which holdings are priced.
TOP 5 QTD CONTRIBUTORS (%) BOTTOM 5 QTD CONTRIBUTORS (%)
Microsoft Corp
Meta Platforms A Apple
Cintas
Amazon.com
Vulcan Materials
Stryker American Express
Oracle
0.3 Alphabet A
0.6
1.0
1.1
2.2
0.0 0.5 1.0 1.5 2.0 2.5
- 0.7
- 0.5
- 0.4
- 0.3
- 0.3 -2.5 -2.0 -1.5 -1.0 -0.5 0.0
MARKETING COMMUNICATION
COMGEST GROWTH AMERICA GBP U ACC - IE00BGPZCP00
30 September 2026
Page 4
Please see methodologies and glossary on following pages. The information above is based on available data and data may not b e available for all portfolio holdings. Issued by Comgest Asset Management International Limited, 46 St. Stephen's Green, Dublin 2, Ireland - info@comgest.com Source: CAMIL / FactSet financial data and analytics, unless otherwise stated. www. comgest.com Page 4 of 7
PLEASE NOTE THAT THE DATA SHOWN BELOW IS THE OUTCOME OF OUR INVESTMENT PHILOSOPHY AND STOCK SELECTION. THESE METRICS ARE NOT ALL SPECIFICALLY TARGETED BY COMGEST BUT MAY BE ADDRESSED AS PART OF OUR RESPONSIBLE INVESTMENT PROCESS.
RESPONSIBLE INVESTMENT APPROACH We believe a responsible approach to environmental, social and governance issues has a positive impact on a company's growth over the long term. The assessment of ESG factors is part of our fundamental analysis. Comgest implements a three - pronged responsible investment strategy: Integration / Active Ownership / Partnership.
ENVIRONMENTAL
CARBON FOOTPRINT BIODIVERSITY FOOTPRINT
Source: MSCI as at 30/06/2026, tCO2 O2e 2e per million USD invested. Source: MSCI as at 30/06/2026, expressed in PDF per million USD invested, relative to the index.
SCIENCE - BASED TARGETS INITIATIVE (SBTi) PORTFOLIO COVERAGE
Source: MSCI as at 30/06/2026
23
4
Index
Fund
100
73
Index
Fund
54% 46% Approved SBTi targets Committed to SBTi targets No SBTi targets
SOCIAL & GOVERNANCE
BOARD GENDER DIVERSITY
Source: MSCI as at 30/06/2026
NON - VIOLATION OF UNGC PRINCIPLES
Source: MSCI as at 30/06/2026
TAX RATE AVERAGE
Source: MSCI and The Tax Foundation as at 30/06/2026
35%
35%
Index
Fund
100%
100%
Index
Fund
24%
26%
17%
Global average statutory tax rate
Fund statutory tax rate
Fund average effective tax rate
VOTING & ENGAGEMENT
VOTES
Source: ISS, for the 12 months to 30/06/2026
ESG ENGAGEMENT STATISTICS
Source: ISS, for the 12 months to 30/06/2026
ESG ENGAGEMENT THEMES
Source: Comgest as at 30/06/2026
155
340
Against management
With management
9
8
Engagements
No. of companies
Environmental Social Governance
57% 29% 14%
MARKETING COMMUNICATION
INTEGRATION Proprietary ESG research Investment process Exclusions ACTIVE OWNERSHIP Engagement Voting
PARTNERSHIP Working alongside clients Advocacy initiatives Transparency
COMGEST GROWTH AMERICA
30 September 2026
ALIGNMENT WITH SUSTAINABILITY PREFERENCES
Sustainable investments (SFDR): - Fund exposure: 33.3% of the NAV - Minimum commitment: 15.0% of the NAV Consideration of Principal Adverse Impact Indicators: Yes Source: Comgest as at 30/09/2026
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Issued by Comgest Asset Management International Limited, 46 St. Stephen's Green, Dublin 2, Ireland - info@comgest.com Source: CAMIL / FactSet financial data and analytics, unless otherwise stated. All information and performance data is as at 30/09/2026, unless otherwise indicated, and is unaudited. www. comgest.com Page 5 of 7
MARKETING COMMUNICATION
COMGEST GROWTH AMERICA GBP U ACC - IE00BGPZCP00
30 September 2026
FUND DETAILS ISIN: IE00BGPZCP00 Bloomberg: COGAGUA ID Domicile: Ireland Dividend Policy: Accumulation Fund Base Currency: USD Share Class Currency: GBP Share Class Inception Date: 07/08/2019 Index (used for comparative purposes only): S&P 500 - Net Return Ongoing Charges: 0.84% p.a of the NAV Investment Manager's Fees (part of ongoing charges): 0.75% p.a of the NAV Performance Fee: None Maximum Sales Charge: 0% Exit Charge: None Minimum Initial Investment: None Minimum Holding: None Contact for Subscriptions and Redemptions: CACEIS Ireland Limited Dublin_TA_Customer_Support@caceis.com Tel: +353 1 440 6555 / Fax: +353 1 613 0401 Dealing Frequency: Any business day (D) when banks in Dublin and the primary trading exchanges in the United States are open for business Cut off: 11:00 am Irish time on day D An earlier deadline for receipt of application or redemption requests may apply if your request is sent through a third party. Please enquire with your local representative, distributor or other third party NAV: Calculated using closing prices of D NAV Known: D+1 Settlement: D+2 Legal Structure: Comgest Growth America, a sub fund of Comgest Growth plc (an open - ended investment company with variable capital authorised by the Central Bank of Ireland), is an Undertaking for Collective Investment in Transferable Securities (UCITS) Manage ment Company: None as Comgest Growth plc is self - managed Investment Team: Team - based approach. For further details, please refer to our website Investment Manager: Comgest Asset Management International Limited (CAMIL) Regulated by the Central Bank of Ireland and registered as an investment adviser with the U.S. Securities and Exchange Commission SEC registration does not imply a certain level of skill or training Sub - Investment Manager: Comgest S.A. (CSA) Regulated by the Autorité des Marchés Financiers GP 90023
IMPORTANT INFORMATION UK investors may not be able to refer a complaint against the Fund or the Depositary to the UK’s Financial Ombudsman Service. Any claims for losses relating to the Fund or the Depositary will not be covered by the UK Financial Services Compensation Scheme. The Fund is not authorised in the United Kingdom by the Financial Conduct Authority. The Fund is authorised in Irel and by the Central Bank of Ireland and is recognised in the United Kingdom under the Overseas Fund Regime. The Prospectus, the UCITS KIID, the latest annual and interim reports and any country specific addendums can be obtained free of charge from the Investment Manager (at www.comgest.com) or the Administrator and from the facilities agent: The Funds Collective, 7 Gay Street, Bath, BA1 2PH , United Kingdom. This is a marketing communication. Please refer to the fund prospectus and the UCITS KIID before making any final investment decisions. Tax applicable to an investment depends on individual circumstances. Depending on where you live, the Fund may not be available to you for subscription. In particular this Fund cannot be offered or sold publicly in the United States. Prior to investing, consult your financial or professional adviser for more information on investing and taxation. Further information or reporting may be available from the Investment Manager upon request. Complaints handling policies are available on our website at www.comgest.com in the regulatory information section. Comgest Growth Plc may decide to terminate at any time the arrangements made for the marketing of its UCITS. This Financial Promotion has been approved for the UK by The Funds Collective (FRN 1001386) on 09/10/2026. Carbon Footprint: estimates the apportioned Scope 1 and 2 greenhouse gases emissions of investee companies. Biodiversity footprint: indicates a company's contribution to potential irreversible extinction of species on a global level related to land use, water consumption and GHG emissions, measured by Potentially Disappeared Fraction of Species (PDF), per million USD invested. Results are expressed relative to the index, which is assigned a value of 100. Science Based Targets Initiative Portfolio Coverage: calculates th e % of the Fund's AUM invested in companies with SBTi approved targets or which have committed to set SBTi targets. Board Gender Diversity: this indicator represents the weighted average ratio of female board members to total board members in investee co mpanies, expressed as a percentage of all board members. Non - Violation of UNGC Principles: this indicator represents the percentage of investee companies that have not been involved in violations of the United Nations Global Compact (UNGC) principles. Effective and Statutory Tax Rates: these indicators represent the average effective tax rate and average statutory tax rate of investee companies. Index Source: S&P Dow Jones Indices LLC ("SPDJI"). The index is a product of S&P Dow Jones Indices LLC or i ts affiliates (“SPDJI”) and has been licensed for use by Comgest. S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Tradem ark Holdings LLC (“Dow Jones”). The Company and the Funds are not sponsored or sold by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such products, nor do t hey have any liability for any errors, omissions, or interruptions of the index. For more detailed information on ESG integration please consult our website: www.comgest.com/en/sustainability/esg
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www. comgest.com Page 6 of 7
MARKETING COMMUNICATION
Glossary
Active Share: The percentage of fund holdings that is different from the reference index holdings. A fund that has no holdings in common with the reference index will have an active share of 100%, and a fund that has exactly the same holdings as the reference index con sidered will have an active share of 0%. ADR - American Depositary Receipt: A negotiable security that represents securities of a foreign company and allows that company's shares to trade in the financial markets of the United States. Annualised: A figur e converted into an annual rate. Figures covering a period of more than one year are averaged to present a figure for a 12 month period. Bp(s) - Basis point(s): One basis point is equal to one hundredth of 1% (i.e. 0.01%). BV - Book Value: The value of t he company assets minus its liabilities. CAGR - Compound Annual Growth Rate: The rate of return that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each year of the investment’s lifespan. CapEx - Capital Expenditure: The money invested by a company to acquire or upgrade fixed, physical, non - consumable assets such as property, plants, buildings, technology, or equipment. Cash Flow: The net amount of cash and cash equivalents being transferred in and out of a company. Cash received signifies inflows, and cash spent signifies outflows. CPI - Consumer Price Index: An index that measures the overall change in consumer prices based on a representative basket of goods and services over time. It is the metric often used to measure inflation. DY - Dividend Yield: A ratio that shows how much a company pays out in dividends each year relative to its share price. EBITDA - Earnings Before Int erest, Taxes, Depreciation and Amortisation: Used to measure a company's core profitability and is calculated by adding interest, tax, depreciation and amortisation expenses to net income. EBIT - Earnings Before Interest and Taxes: Used to measure a compa ny's core profitability and is calculated by adding interest and tax expenses to net income. EPS - Earnings Per Share: The profits of a company attributed to each share, calculated by dividing profits after tax by the number of shares. EPS serves as an in dicator of a company's profitability.
FCF - Free Cash Flow: The cash generated by a company from its normal business operations after subtracting any money spent on capital expenditures. GDP - Gross Domestic Product: The total market value of all th e finished goods and services produced within in a country's border in a specific time period. GDR - Global Depositary Receipt: A certificate issued by a bank that represents shares in a foreign stock on two or more global markets. A GDR is similar to an American depositary receipt (ADR), except an ADR only lists shares of a foreign country in the markets of the United States. LTM - Last 12 Months: LTM multiples are backward - looking and are based on historical performance. Market Cap(italisation): A measure of a company’s size, calculated by multiplying the total number of shares in issue by the current share price. Companies are commonly grouped according to size, such as small cap, mid cap, large cap or all cap. There is no consensus on the defin ition of these groupings and they may vary from portfolio to portfolio depending on the country of investment. NAV - Net Asset Value: The current market value of the portfolio's assets minus the portfolio's liabilities. NTM - Next 12 Months: NTM multiple s are forward - looking and are based on projected performance. Ongoing Charges: A fund’s operational costs over a year. Ongoing Charges are calculated as a percentage of the average fund size over the year and include, for example, investment manager's fee s, administration fees and custody costs. Operating Margin: Measures how much profit a company makes on a dollar (or relevant currency) of sales after paying for variable costs of production, such as wages and raw materials, but before paying interest or tax. Operating Profit: A company's gross income less operating expenses and other business - related expenses, such as wages, cost of goods sold (COGS) and depreciation. Organic Growth: Growth a company achieves by increasing output and enhancing sales thr ough the business' own operations and internal processes. This does not include profits or growth attributable to mergers, acquisitions, divestitures and foreign exchange but rather an increase in sales and expansion through the company's own resources.
Organic Sales: Sales generated from within a company that are a direct result of the company's existing operations and internal processes. Organic sales do not include the impacts of mergers, acquisitions, divestitures and foreign exchange. P/B or P/BV - Price - to - Book Value Ratio: Measures the market's valuation of a company relative to its book value. P/B or P/BV is calculated by dividing the company's stock price per share by its book value per share. P/E - Price - to - Earnings Ratio: A ratio used t o value a company’s shares. It is calculated by dividing the current market price by the earnings per share. P/S - Price - to - Sales Ratio: A valuation ratio that compares a company’s stock price to its revenues. It is an indicator of the value that financia l markets have placed on each dollar of a company’s sales or revenues. PEG - Price/Earnings - To - Growth Ratio: A stock's price - to - earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. The PEG ratio is used to determine a stock's value while also factoring in the company's expected earnings growth. PMI - Purchasing Managers’ Index: An index of the prevailing direction of economic trends in the manufacturing and service sectors. Reference Index: Index against which a fu nd's performance is compared. ROE - Return On Equity: Measures financial performance and is calculated by dividing net income by shareholders' equity. ROE is a gauge of a company's profitability and how efficiently it generates those profits. ROIC - Retu rn On Invested Capital: Calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. SME - Small - Or Medium - Sized Enterprise: A company, or companies considered as a group, that are neither very small nor very large and which employ fewer than a given number of employees. This number varies across countries. Volatility: Measures the movements of an asset up and down over time. Volatility is generally considered to be a measure of risk.
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www. comgest.com Page 7 of 7
MARKETING COMMUNICATION
ESG Glossary
Engagement: Purposeful dialogue between investors and companies aimed at understanding and influencing corporate behaviour, practices or disclosure on sustainability - related issues, with the goal of improving long - term outcomes for shareholders and broader stakeholde rs. Environmental Factors: Factors relating to a company's impact on and exposure to the environment, including pollution, climate change, energy efficiency, natural resource use, water, waste management and the preservation of biodiversity and ecosystems . GHG - Greenhouse Gases: Gases that trap heat in the atmosphere and contribute to global warming. The main greenhouse gases include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) and fluorinated gases. Governance Factors: Factors relating to t he structures, rules and processes by which a company is directed and controlled, including board composition and effectiveness, executive remuneration, audit quality, internal controls, transparency and accountability, and the rights and treatment of shar eholders.
Principal Adverse Impact (PAI): The material negative effects that investment decisions have on environmental, social and governance factors, as defined under the EU Sustainable Finance Disclosure Regulation (SFDR). Scope 1 Emissions: Direct greenhouse gas emissions from sources owned or controlled by a company, such as fuel combustion in company vehicles or industrial facilities. Scope 2 Emissions: Indirect greenhouse gas emissions from the generation of purchased electricity, steam, heating or cooling consumed by a company. SFDR Classification: A categorisation framework established under the EU Sustainable Finance Disclosure Regulation (SFDR) that requires asset managers to classify their funds according to the degree to which sust ainability factors are integrated into their investment process, distinguishing between Article 6, Article 8 and Article 9 products.
Social Factors: Factors relating to a company's relationships with and impact on people, including its employees, sup ply chain workers, customers and the communities in which it operates. tCO2e: Tonnes (t) of carbon dioxide (CO 2 ) equivalent. Carbon dioxide equivalent is a standard unit for counting greenhouse gas emissions regardless of whether they are from carbon diox ide or another gas, such as methane. UN Global Compact (UNGC) Principles: A United Nations initiative establishing ten principles across four thematic areas (human rights, labour rights, environmental stewardship and anti corruption) to which signatory co mpanies commit to as part of their broader corporate responsibility framework.
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...