The fund management focuses on global companies that make a positive contribution to solving challenges such as climate change, water scarcity or demographic change with their products and services and show high profitable growth. Bottom-up stock selection includes classic fundamental data as well as sustainability criteria. Risks, especially in the ESG area, are avoided by excluding companies that do not pursue a sustainability approach and whose activities are not ESG-compliant. The fund management identifies companies that offer added value for the environment and society through their products and/or services.
- Investment in global growth companies of all sizes
- Concentrated portfolio of approximately 40-60 stocks
- Benchmark-agnostic selection
- Focus on positive contribution and sustainable growth
|Issue price||142.07 EUR|
|Redemption price||135.30 EUR|
|Fund volume||99.99 Mio. EUR|
|Share class volume||21.43 Mio. EUR|
|Asset Manager||Joh. Berenberg, Gossler & Co. KG|
|Management company||Universal-Investment-Luxembourg S.A.|
|Custodian||State Street Bank Luxembourg S.C.A.|
|Use of income||Accumulating|
|End of financial year||31.12.|
|Registration and Distribution||DE, AT, CH, LU, ES|
(Sustainable Finance Disclosure Regulation)
|Issue surcharge||Up to 5.00%|
|Management fee p.a.||1.50%|
|Custodian fee p.a.||0.10%|
|Total Expense Ratio (TER) p.a.||1.65%|
Performance in 12-month periods
Source: Berenberg, Management company
The charts and tables regarding performance shown here are based on own calculations according to the method developed by the German Investment Funds Association (BVI). They illustrate past performance. Future performance can deviate both positively and negatively from these calculations. Gross performance (BVI method) takes into account all charges at fund level (e.g. management fee), net performance plus the issue surcharge. Additional charges can arise for individual investors (e.g. custody account fees, commissions and other fees). Model calculation (net): An investor wants to purchase fund units for EUR 1,000 EUR. Considering a max issue surcharge of 5.00% he has to payEUR 50.00 for the purchase. Also, fees may be charged for the administration of the safe custody account, which will lower the performance. Past performance is not a reliable indicator of future performance.
Performance after issue surcharge
Source: Berenberg, Management company | State: 27 Sep 2022
|Volatility - 1 year||22.59%|
|Volatility - 3 years||21.66%|
|Sharpe Ratio - 3 years||0.17|
|Maximum Drawdown - since inception||-35.65%|
Monthly market comment
Waste Connections reported very encouraging figures for the first half of the year, with continued very strong growth and double-digit growth expectations for both this year and next. Archaea Energy performed well due to consistently high gas prices and strong project pipeline development combined with sustained profitability. Netcompany reported disappointing quarterly figures due to weaker sales in its core market of Denmark. Microsoft reported a solid growth outlook for the coming year and delivered a strong share performance, although the software sector came under pressure from a profit warning from Salesforce in August.
Bernd Deeken joined Berenberg in April 2011. He is a portfolio manager in the equity fund management team and manages special mandates with a focus on sustainability for institutions, foundations, church institutions and private clients. He is responsible for the approach and selection of Berenberg’s sustainability universe. Previously, he worked in asset management in the area of multi-asset mandates. After his dual studies at the Berufsakademie für Bankwirtschaft in Hannover (including a bank schooling), he completed his Masters in Banking and Finance in Zurich and Aberdeen. He is a Chartered Alternative Investment Analyst (CAIA) and is also a CFA Charterholder.
Consideration of ESG Elements
Identifying companies and business models that will be successful in the long term is the basis for good investment decisions. Environmental, Social and Governance (ESG) factors are key factors in decision making and are therefore integral
components of the investment process.
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.
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.