The Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector Strategy invests exclusively in shares of the Shiller Barclays CAPE US Sector Value Index. This index selects from the S&P 500 the five sectors with the lowest relative CAPE (Cyclically Adjusted Price Earnings). The relative CAPE coefficient evaluates the relative cost performance of a sector based on its current and long-term historical prices and returns. Then the method calculates the sector with the lowest price dynamics over a period of 12 months, i. e. the sector with the worst performance during the period under review. Each of the remaining four sectors receives the same weighting (25%) and the components of the investment universe are realigned monthly. Out of this investment universe, Ossiam ESG's Low Carbon CAPE US Sectors Strategy filters out environmentally harmful and socially or ethically controversial companies.