During October the fund was able to deliver a positive return. However we were not able to catch up with the VanEck Vectors Sustainable World Equal Weight ETF. Due to some sector rotation in the markets and the expenses of our portfolio hedge the fund had a small underperformance. We added the iShares S&P Global Clean Energy ETF to the portfolio due to two reasons. First of all, to improve the diversification of the portfolio; according to the fund’s nature the fund has an underweighted position in the energy sector. We avoid the polluting carbon energy sector. By adding the Clean Energy ETF we compensate this underweighting. Secondly, we like to increase the impact factor of the fund. Not only by investing in companies with a higher than average ESG score, but also by investing in companies which have a positive impact on the environment. We expect a positive development of the markets. This confidence is visible in the 77% leverage position of the portfolio. We also feel comfortable because the almost 100% portfolio hedge protection.