Investment Strategy
The Berenberg Global Dividend Champions fund pursues a global bottom-up approach with a focus on quality stocks that are characterized by healthy earnings growth and solid balance sheets. This forms the basis for stable distributions with above average dividend growth. The fund is suitable for investors who would like regular distributions and wish to participate in growth opportunities on the stock market.
- Investment in global dividend stocks across company size
- Attractive, growing distributions with a focus on quality, a long dividend history, and stability
- Diversified portfolio of approximately 55-75 stocks
- Long-term investment horizon with low portfolio turnover
Fund data
| ISIN | DE000A415051 |
|---|---|
| WKN | A41505 |
| Inception date | 07.07.2025 |
| Issue price (11.09.2025) | 106.27 EUR |
| Redemption price (11.09.2025) | 101.21 EUR |
| Fund volume | 21.12 Mio. EUR |
| Share class volume | 1.87 Mio. EUR |
| Currency Fund / Share Class | EUR / EUR |
| Minimum investment | - |
| Asset Manager | Joh. Berenberg, Gossler & Co. KG |
| Management company | Universal-Investment-Gesellschaft mbH |
| Custodian | BNP Paribas S.A. Niederlassung Deutschland |
| Use of income | Distributing |
| End of financial year | 31.12. |
| Registration and Distribution | DE, AT, CH |
| SFDR Classification (Sustainable Finance Disclosure Regulation) | Article 8 |
Costs
| Issue surcharge | Up to 5.00% |
|---|---|
| Flat-rate fee p.a. | 1.56% |
| Total Expense Ratio (TER) p.a. | 1.66% |
| Performance fee | none |
Chances and risks
| Chances | Risks |
|---|---|
| High potential returns from equities in the long term. | Fluctuations in value and price losses from stocks and the potential use of derivatives are possible – both overall and in individual stock market years. |
| Growth stocks, small caps, and specific sectors, countries, or market segments may outperform the market in certain phases. | Growth stocks, small caps, and specific sectors, countries, or market segments may underperform during certain periods. |
| Improvement of the risk/return profile through individual stock analysis and active management. | There is no guarantee of success for individual stock analysis and active management. |
| Stabilization of assets in negative capital market phases through professional risk management and intelligent diversification. | Investments and transactions in foreign currencies are subject to exchange rate risks. |
| Potential additional income through dividends. |
Further details on the opportunities and risks of this fund can be found in the sales prospectus.
Monthly market comment
The typical summer seasonality with low trading volumes and an ambiguous market direction characterized the stock markets in August. However, there was a noticeable shift away from technology, growth, and momentum stocks toward cyclical value stocks. The Global Dividend Champions performed slightly positively in this environment but lagged its benchmark due to headwinds for interest-sensitive stocks, as the investment focus is on dividend growth stocks. AXA underperformed due to renewed political uncertainty in France. Emerson Electric's quarterly figures, which were in line with analyst expectations, were not enough to meet market expectations. Mondelez suffered from profit-taking after solid quarterly figures. UnitedHealth jumped significantly after it was announced that Berkshire Hathaway had built up an initial position. Home Depot performed well after posting solid quarterly figures. Texas Instruments shares recovered after weak performance in the previous month. We increased our holdings in Cisco, Texas, Smurfit Westrock, and Mondelez, and reduced our holdings in Axa and Broadcom.
Portfolio Management
Andreas Strobl
Andreas Strobl has been a Portfolio Manager at Berenberg since November 2016. He began his professional career in 2002 as a Sell-Side Analyst at BayernLB in Munich. In 2006, he moved to Allianz SE (Aequitas GmbH) as a senior Investment Manager. Since 2015, Andreas Strobl has worked as a Senior Portfolio manager at Allianz Global Investors in Frankfurt, where he was responsible for the management and development of various European Small/Mid-Cap equity portfolios. He studied business administration at the LMU in Munich. In 2005, he graduated at the top of his class as a CIIA (Certified International Investment Analyst) and CEFA (Certified European Financial Analyst).
Sebastian Leigh
Sebastian Leigh has been Portfolio Manager at Berenberg since October 2017. Previously, he spent three years as an Associate in the Assurance division of EY, with a primary focus on automotive and healthcare companies. He studied Accounting and Finance at the University of Kent.
Johanna Beeck
Johanna Beeck has been a portfolio manager at Berenberg since January 2023. She started her career in the Berenberg International Graduate Program with assignments in Asset and Wealth Management. Johanna Beeck holds a Bachelor of Science in Economics from Leuphana University Lüneburg.
CO₂-Intensity
The fund does not actively manage its carbon footprint, however, emissions data such as CO2 intensity are relevant parameters which can be used to assess the efficient management of a company and the extent of transition risks.
ESG Score
The data provider MSCI ESG uses an ESG score of 0 to 10 to assess the management of material ESG risks of portfolio holdings compared to competitors.
ESG Controversies Screen
Investments in the fund are monitored for ESG controversies and, with the help of MSCI ESG data, flagged according their severity. Thereby, potential ESG risks of investments are identified. In the case of an orange flag (severe controversy), we enter into an active exchange with the company. In the case of a red flag (very severe controversy), the company is excluded.