SFDR at the fund level

On the basis of the SFDR, financial market participants are required to indicate how they handle sustainability risks and to detail the consequences of this approach. In addition, the regulation contains transparency requirements at fund level.

The regulation distinguishes between:

• funds that are not promoted as sustainable (grey);

• funds that promote environmental or societal characteristics (light-green);

• funds with sustainable investments as their objective (dark-green)

The Amvest Residential Core Fund qualifies as a light-green fund which promotes the following environmental and social characteristics:

Environmental characteristics

1. Investing in energy efficient homes/future proof homes.

2. Realizing a reduction of CO2 emissions.

Social characteristics

3. Ensuring high quality living environment.

4. Providing affordable/attainable homes.

These characteristics are part of the fund’s strategy and the individual aspects and are reflected in Key Performance Indicators (KPIs). These KPIs are defined and measured at fund level. A target is set for each KPI that is measured and reported. The KPIs and targets are evaluated annually and adjusted if necessary.

KPIs defined and measured for these characteristics are:

Environmental characteristics

1. Composition of the portfolio by energy labels.

2. Scope 1, 2 and 3 CO2 emissions of the properties.

Social characteristics

3. Annual tenant satisfaction score on the topics living environment and quality of home.

4. Percentage of affordable/attainable homes.

For more information on the KPIs defined, the results of the past year, the data sources and screening criteria, please refer to the Annual Sustainability Report of the Amvest Residential Core Fund and specifically for SFDR to attached Sustainability related disclosures.

The Amvest Residential Core Fund qualifies as an ‘article 8’ product under the SFDR and, as such, promotes Environmental/Social (E/S) characteristics. Whilst it does not have sustainable investment as its objective, it has a proportion of 63% in sustainable investments with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy and 65% in sustainable investments with a social objective.

Results 2022

Periodic reporting on compliance to ecological and/or social characteristics is included in our annex. More information on SFDR and results related to our sustainable investment policies are included on our website where we also annually publish the Statement on principal adverse impacts of investment decisions on sustainability factors (PAI statement). This statement contains our policies related to determination and prioritizing the most important adverse impacts on sustainability and a description of the most important adverse effects including related data sources and processing.

KPI’s relevant to SFDR are included throughout our annual reporting and contain limited assurance by KPMG. Please refer to annex for complete set of assured KPI’s and to page 84 for the limited assurance report by KPMG.

Outlook 2023

In order to comply with the expectations of our investors, AFM and other regulators in relation to sustainability we will report on ESG aspects promoted by the fund and on aspects that may cause negative impact on sustainability.