UBS Sustainable Development Bank Bonds UCITS ETF (hedged AUD) Accumulating is an exchange-traded fund focused on providing investors with exposure to bonds issued by international multilateral development banks. Designed to track the performance of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index, the fund includes bonds that finance sustainable development projects, particularly those aligned with United Nations Sustainable Development Goals. All included securities are investment grade, typically holding a AAA rating, reflecting their high credit quality and the strong backing of reputable global institutions. The ETF uses a physical sampling replication strategy, meaning it holds a representative selection of the index’s underlying bonds, and its interest income is accumulated and reinvested. This accumulating structure promotes compounding for long-term investors. By employing currency hedging to the Australian dollar, the fund aims to mitigate exchange rate risk for AUD-based investors. The ETF plays a key role in sustainable fixed income markets, offering targeted access to global development bonds while supporting the growth of responsible investment strategies worldwide.