Key information
DJE - Umwelt & Werte is a global equity fund that places particular emphasis on the sustainability factors of environment, social issues and good corporate governance (ESG) when selecting stocks. Companies are considered as acting responsibly if they contribute to achieving the Paris climate targets (environment) or have a positive impact on society through products, processes or special commitment, or companies that do not have a negative impact on society or whose positive impact justifies the negative impact (social). The fund management pursues a best-in-class approach. The fund aims to achieve an appropriate increase in value, taking into account the investment and sustainability risks. The sub-fund is a product in accordance with Art. 8 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector. Further fund information pursuant to Article 10 of the aforementioned Regulation can be found on DJE's website under the heading Company/Responsible Investing.
Responsible manager since 01/01/2023
Key information
| ISIN: | LU2262057305 |
| WKN: | A2QHT5 |
| Category: | Global ESG-Focused Equity Fund (Art. 8 OVO) |
| Minimum Equity: | 51% |
| Partial Exemption of Income ¹: | 30% |
| VG/KVG: | DJE Investment S.A. |
| Fund Management: | DJE Kapital AG |
| Risk Category: | 4 |
| This sub-fund/fund promotes ESG features in accordance with Article 8 of the Disclosure Regulation (EU Nr. 2019/2088). | |
| Type of Share: | distribution |
| Financial Year: | 01.01. - 31.12. |
| Launch Date: | 04/01/2021 |
| Fund currency: | EUR |
| Fund Size (12/09/2024): | 12,22 Mio EUR |
| TER p.a. (29/12/2023): | 1,24 % |
| Reference Index: | - |
Fees
| Management Fee p.a.: | 0,490 % |
| Custodian Fee p.a.: | 0,060 % |
| Advisory Fee p.a.: | 0,26 % |
Ratings & Awards (12/09/2024)
| Morningstar*: |
|
|
Awards: €uro Eco Rating A Finanzen Verlag, Mountain View Q3 2023 |
All ESG information presented here relates to the fund portfolio shown and is sourced from MSCI ESG Research, a leading provider of environmental, social and governance analysis and ratings.
| MSCI ESG RATING (AAA-CCC): | AAA |
| ESG-Qualityrating (0-10): | 8,738 |
| Environment Rating (0-10): | 6,591 |
| Social Rating (0-10): | 6,340 |
| Governance-Rating(0-10): | 6,416 |
| ESG rating in comparison group (0% lowest, 100% highest value): | 99,610 % |
| Peergroup: |
Equity Global
(5624 Fonds) |
| Coverage rate ESG rating: | 100,000 % |
| Weighted average CO₂ intensity (tons of CO₂ per 1 million US dollars in sales): | 142,224 |
Portfolio allocation according to ESG rating of individual securities
Report date: 30/08/2024
- The fiscal treatment depends on the personal circumstances of the respective client and can be subject of change in the future.
- is proprietary to Morningstar and/or ist content providers may not be copied or distributed and is not warranted ob e accurate, complete or timely. Neither Morningstar nor ist content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Perfomance Chart
Performance in Percent
Rolling performance in %
Risk metrics (12/09/2024) |
|
|---|---|
| Standard Deviation (2 years): | 11,89 % |
| Tracking Error (1 years): | - |
| Value at Risk (99% / 20 days): | -7,29 % |
| Maximum Drawdown (1 year): | -10,84 % |
| Sharpe Ratio (2 years): | 0,57 |
| Correlation (1 years): | - |
| Beta (1 years): | - |
| Treynor Ratio (1 years): | - |
Country allocation total portfolio (% NAV)
*Note: Cash position is included here because it is not assigned to any country or currency.
Data: Anevis Solutions GmbH, own illustration 30/08/2024
Top Country Allocation in % of Fund Volume (30/08/2024) |
|
|---|---|
| United States | 41,79 % |
| Switzerland | 8,83 % |
| Netherlands | 7,78 % |
| Ireland | 6,84 % |
| France | 6,16 % |
Asset allocation in % of the fund volume (30/08/2024) |
|
|---|---|
| Stocks | 93,33 % |
| Cash | 6,67 % |
Investment strategy
In the face of climate change, 195 countries are pursuing the goal of limiting global warming to "well below" two degrees Celsius compared to the pre-industrial era, according to the Paris Climate Change Agreement of 2015. International and national efforts - in Germany, for example, the energy turnaround - to reduce CO2 emissions are influencing economies around the globe and opening up opportunities in many sectors and thematic areas, such as energy generation through wind and solar power or through green hydrogen, energy storage, the automotive industry (keyword e-mobility), infrastructure, technology, the agricultural sector or chemicals. DJE works with MSCI ESG Research, a leading international provider of environmental, social and governance (ESG) analysis. The investment universe is screened on the basis of these filters. The fund management of DJE - Umwelt & Werte analyses the closer selection qualitatively and invests in what it considers to be the most promising stocks from an ESG point of view. The focus is on companies that have a positive impact on society and the environment. Companies are excluded if their business practices violate the United Nations' guidelines on human and labour rights or environmental protection, if they promote corruption or if they generate more than 5% of their sales through weapons, gambling, nuclear energy, coal from power plants or genetically modified seeds, for example.
Chances
- Participation in international equity market development
- Special focus on responsibly operating companies
- No regional restrictions - the focus can be placed on those regions whose capital market development is currently promising
- Stock selection is based on fundamental, monetary and market analysis - this FMM approach has proven itself for approx. 50 years
Risks
- Share prices can fluctuate relatively strongly due to market conditions
- The unit value can fall at any time below the purchase price at which the client acquired the unit
- The FMM method does not guarantee investment success
- Country and creditworthiness risks of the issuers
- No guarantee that responsibly operating companies will outperform the market as a whole
Target group
Der Fonds eignet sich für Anleger
- who wish to diversify their investment across a wide range of sectors worldwide
- who want to combine their equity investment with acting responsibly
- who have a medium to long-term investment horizon and want to rely on an experienced manager
Der Fonds eignet sich nicht für Anleger
- who are looking for a secure return
- who do not accept increased fluctuations in value
- with a short-term investment horizon
Monthly Commentary
After a very volatile start to the month, the international stock markets were relatively calm and largely positive in August. Weak US labour market data at the beginning of the month gave rise to fears that the USA could slide into recession. In addition, a (moderate) interest rate hike by the Bank of Japan jeopardised the usual interest rate differential business, the so-called yen carry trade. As a result, the Japanese share index Topix suffered a daily loss of -12.2%. This was also felt by the other major markets, which fell, albeit not as sharply. However, the situation calmed down again after 5 August. On the one hand, better economic and consumer data came from the USA and the US Federal Reserve confirmed the markets' expectations of a rate cut in September. Globally, property, utilities, consumer staples and pharmaceutical stocks were the best performing sectors in August, while energy and cyclical consumer stocks were particularly disappointing. Against this market backdrop, the DJE - Umwelt & Werte fell by -0.82%.