1 Legal Entity Identifier: 724500QHNLXM39RBB475

No significant harm to the sustainable investment objective
In its investment decision making process, the Fund considers the PAI on sustainability issues as outlined in the SFDR to assess that (potential) investments do not significantly harm the Fund’s sustainable investment objective. For sustainable investments this means ensuring that the investments do no significant harm to any environmental or social objective. By mapping the PAI framework to FMO’s extensive analysis of local and international environmental, social and human rights regulations, each investment is thoroughly screened on potential significant harm and excluded from FMO’s portfolio and therefore the Fund’s portfolio if the criteria are not met.

More details can be found in the Fund’s PAI Report.

Sustainable investment objective of the financial product
The SDGs were presented by the UN in 2015 as the global blueprint for eradicating hunger and poverty, protecting our planet and ensuring peace and freedom for all in the year 2030. This blueprint is divided into 17 goals, each with a specific focus.

Following FMO’s impact strategy, the Fund aims to support SDG 8 (Decent Work and Economic Growth), SDG 10 (Reduced Inequalities) and SDG 13 (Climate Action). It does so by participating in loans provided to banks, businesses, and projects in developing and emerging economies in the selected geographies and sectors.

More details can be found in the Fund’s Pre-Contractual Disclosure (Annex III).

Investment strategy
In order to achieve the return and impact objective, the Fund will co-invest in both existing and new loans (to be) provided by FMO to its clients. The Fund may invest in a diversified portfolio of new and existing loans alongside FMO. The loans support job creation in developing and emerging economies while targeting a financial return. FPIF may invest in loans to financial institutions, renewable energy projects and agribusiness companies. The targeted return, net of fees, is between 2 and 4 percent per annum, over a multi-year cycle.

More details can be found in the Fund’s Pre-Contractual Disclosure (Annex III).

Proportion of investments
The Fund’s investments are 100% used to meet the sustainable investment objective, excluding cash held for portfolio management purposes. Given that the Fund co-invests with FMO, it will only participate in loans that align with FMO’s sustainable investment policy. Of the Fund’s total Net Asset Value (NAV), a minimum of 75% is expected to be allocated to sustainable investments, while the remainder will be used for cash and portfolio management activities.

All sustainable investments will at minimum contribute to SDG 8 and may also contribute to SDG 10 and/or SDG 13. This means that a loan will always have a social objective (SDG 8, Decent Work and Economic Growth), and may have additional social (SDG 10, Reduced Inequalities) or environmental (SDG 13, Climate Action) objectives.

More details can be found in the Fund’s Pre-Contractual Disclosure (Annex III).

Monitoring of the sustainable investment objective
The Fund monitors and reports on the attainment of the sustainable investment objective as follows: 

1. Monthly monitoring of investment allocation towards the Fund’s sustainable investment objective.

2. Monthly monitoring of the Fund’s exposure to Environmental, Social and Governance (ESG) risks

3. Quarterly reporting on the impact indicators per SDG.

More details can be found in the Fund’s Pre-Contractual Disclosure (Annex III).

Methodologies
Specific impact indicators and targets have been defined per SDG to enable the Fund to measure and compare its impact over time. 

The Fund uses the following methodologies to measure the attainment of sustainable investment objective: 

1. For investments contributing to SDG 10 (Reduced Inequalities), the Fund has incorporated FMO’s Reduced Inequalities label which indicates whether an investment reduces inequalities (i) between countries, with poorer countries receiving sufficient funding, and (ii) between businesses within a country, focusing on the most inclusive businesses.

2. For investments contributing to SDG 13 (Climate Action), a 100% alignment with the 1.5-degree pathway of the Paris Agreement to limit global warming is aimed for. For SDG 13, FMO has developed a Green label. The Green Methodology document, which is available on FMO’s website, describes the Green label criteria, eligible investments and the internal labelling process.

3. JIM: with input data such as revenue and power production from FMO’s portfolio, the JIM enables users to estimate financial flows through the economy and its resulting economic (value added), social (employment) and environmental (greenhouse gas emissions) impact.

The Fund uses the impact indicators based on the SDGs to compare how the Fund’s impact and contribution to its sustainable investment objective evolve over time.

More details can be found in the Fund’s Pre-Contractual Disclosure (Annex III).

Data sources and processing
The Fund uses data for the following purposes:

• Investment sourcing
• Report on attainment of the sustainable investment objective
• Report on PAI

Data to source potential investments, and to report on attainment of the sustainable investment objective and PAI are used by the Fund as follows: 

1. Data collection: Data for each loan are collected during FMO’s due diligence and approval process. The data are updated throughout the year. The data, such as company revenues and power production, are analysed using the JIM, which enables FMO to estimate financial flows through the economy and its resulting economic (value added), social (employment) and environmental (greenhouse gas emissions) impact. The data from FMO are complemented by the investment and sustainability analysis of the Fund’s manager.

2. Data quality: The Fund follows FMO’s policy regarding the corporate governance screening. Each loan must pass this screening before moving forward in the investment process. FMO has checks in place to validate if the data delivered by the investee are reliable. The investee is contractually obligated to respond to FMO’s requests for data in a complete and timely manner.

3. Data processing: FMO-IM gathers all relevant data for the Fund from FMO. Next, the Fund’s manager checks the received data from FMO-IM and applies it to the investment decision making process, monitoring and reporting.

Limitations to methodologies and data
The Fund expects limitations to occur with the current methodologies and data collection as all loans are provided in geographical areas where it can be challenging to receive complete, reliable and comparable data from the investees. Additional data from the investees are expected to become available over time. FMO’s international collaboration with other development finance institutions (DFIs) as well as the continued development of the financial services industry in these economies should lead to improved availability of data.

Due diligence
As part of the Fund’s investment process, the following due diligence is carried out internally and externally on the investments:

1. FMO-IM checks whether a loan complies with the Fund’s criteria and sustainable investment objective. Additionally, a loan needs to fit to the Fund’s portfolio composition. All findings and analyses (including ESG analysis) are included in FMO’s investment advice, which is structured according to a predetermined template and supported by a standard set of documents.

2. The investment advice and updated regarding investees is reviewed and discussed during the monthly investment advisory committee meeting between FMO-IM and the Fund’s manager.

3. The Fund’s manager reviews FMO’s ESG policy and due diligence process annually.

4. All of the Fund’s investments and their contribution to the Fund’s sustainable investment objective are audited by an external third party annually.

More details can be found in the Fund’s prospectus and Pre-Contractual Disclosure (Annex III).

Engagement policies
The Fund itself does not directly engage in any industry or public policy engagement. Engagements such as these are carried out by either Privium Fund Management as the Fund’s manager or FMO as representative of FMO-IM. However, when FMO engages with an investee on behalf of the Fund, the Fund benefits from the extensive network of the FMO organization on both an international and local level. Engagement focuses on ESG performance per investee for which FMO has developed various management tools.

FMO also actively engages in its own industry to ensure DFIs together create more harmonised standards, policies, data requests and impact methodologies. Furthermore, FMO is a member or signatory of many industry initiatives or sector organisations for the same purpose: to enhance harmonization and find solutions for often challenging requirements for the economies in which it operates.

More details can be found in the Fund’s PAI Report.

Attainment of the sustainable investment objective
The Fund does not compare its impact performance to a benchmark or index but instead reports its contribution to the SDGs both quantitatively and qualitatively.

Capital Distribution

• FPIF: Overview of Capital Distributions of B-D share class (16-6-2025)
• FPIF: Overview of Capital Distributions of I-D share class (16-6-2025)
• FPIF: Overview of Capital Distributions of U-D share class (16-6-2025)

Key Information Document

• Key Information Document FMO Privium Impact Fund – Class A 
• Key Information Document FMO Privium Impact Fund – Class B-A amd B-D
• Key Information Document FMO Privium Impact Fund – Class F
• Key Information Document FMO Privium Impact Fund – Class I-A and Class I-D (NL)
• Key Information Document FMO Privium Impact Fund – Class U-A and Class U-D (NL)
• Key Information Document FMO Privium Impact Fund – Class I-A and Class I-D (EN)
• Key Information Document FMO Privium Impact Fund – Class U-A and Class U-D (EN)
• Key Information Document – FMO Privium Impact Fund – Class B-A and Class B-D (FR)
• Key Information Document – FMO Privium Impact Fund – Class I-A and Class I-D (FR)