Investment Strategy
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
Learn more about our investment philosophy in equity fund management
Fund data
| ISIN | LU1878855581 |
|---|---|
| WKN | A2N6AL |
| Inception date | 11.12.2018 |
| Issue price (19.11.2024) | 164.41 EUR |
| Redemption price (19.11.2024) | 156.58 EUR |
| Fund volume | 57.25 Mio. EUR |
| Share class volume | 11.94 Mio. EUR |
| Currency | EUR |
| Minimum investment | - |
| Asset Manager | Joh. Berenberg, Gossler & Co. KG |
| Management company | Universal-Investment-Luxembourg S.A. |
| Custodian | BNP Paribas S.A. Niederlassung Deutschland |
| Use of income | Accumulating |
| End of financial year | 31.12. |
| Registration and Distribution | DE, AT, CH, LU, ES |
| SFDR Classification (Sustainable Finance Disclosure Regulation) | Article 9 |
Costs
| Issue surcharge | Up to 5.00% |
|---|---|
| Flat-rate fee p.a. | 1.56% |
| Total Expense Ratio (TER) p.a. | 1.74% |
| Performance fee | none |
Chances and risks
| Chances | Risks |
|---|---|
| High return potential of stocks over the long-term | High susceptibility of shares to fluctuation, price losses are possible |
| Development of growth stocks occasionally above average | Share values may fall below the purchase price at which the customer acquired the share |
| Development of small/ mid-cap stocks above average in certain phases | Below-average development of growth stocks is possible at times |
| Possible additional earnings through individual value analysis and active management | Below-average development of small/ mid-cap stocks is possible at times |
| No guarantee of success for individual value analysis and active management | |
| Foreign currency investments and transactions denominated in foreign currencies are subject to exchange rate risks |
Further details on the opportunities and risks of this fund can be found in the sales prospectus.
Indexed performance
Performance in 12-month periods
Monthly performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | - | - | - | - | - | - | - | - | - | - | - | -5.15 | -5.15 |
| 2019 | 7.75 | 5.41 | 5.25 | 4.35 | -4.78 | 4.61 | 2.88 | 0.07 | 1.38 | 1.93 | 5.37 | 2.38 | 42.61 |
| 2020 | 1.26 | -5.10 | -10.47 | 11.24 | 5.75 | 3.36 | 3.47 | 6.45 | -0.35 | -1.44 | 6.66 | 5.75 | 27.63 |
| 2021 | 0.89 | 2.06 | -0.03 | 5.64 | -2.27 | 6.22 | 2.96 | 2.44 | -5.30 | 4.90 | -3.57 | -0.09 | 13.93 |
| 2022 | -12.18 | -5.59 | 1.32 | -6.07 | -3.50 | -7.18 | 9.62 | -5.33 | -7.53 | 4.29 | 3.72 | -8.33 | -32.74 |
| 2023 | 6.27 | -1.54 | 1.57 | -1.06 | 3.58 | 0.96 | 1.14 | -3.67 | -3.87 | -5.64 | 8.25 | 4.44 | 9.88 |
| 2024 | 1.69 | 1.93 | 0.97 | -3.55 | 2.17 | 2.49 | 0.50 | 0.82 | -0.04 | -1.50 | - | - | 7.70 |
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
| 1 year | 15.00% |
|---|---|
| 3 years | -24.08% |
| 5 years | 20.99% |
| since inception | 56.58% |
| Max. Drawdown 5 years | -39.68% |
Source: Berenberg, Management company | State: 19 Nov 2024
Risk figures
| Volatility - 1 year | 11.76% |
|---|---|
| Volatility - 3 years | 17.46% |
| Sharpe Ratio - 3 years | -0.62 |
| Maximum Drawdown - since inception | -39.68% |
Currencies
Sectors
Countries
Asset classes
Top Holdings
Monthly market comment
The US elections, increased geopolitical risks in the Middle East and a mixed reporting season are fuelling growing volatility in the capital markets. The Berenberg Sustainable World Fund underperformed its benchmark in October. Last month, rising interest rates had a negative impact on Grenergy's share price performance. Straumann gave up the price gains it made in the previous month, mainly due to weak performance in North America. Marvell's shares rose significantly in October. The main reason for this was positive indications from customers and competitors regarding the growth outlook in the data centre sector. Shares in Secure Energy Services, the western Canadian market leader in waste management and recycling services, also performed well following another set of strong quarterly results. We initiated new positions in Johnson Controls and Sartorius Stedim. In October, we sold Sandvik, Infineon, ASML and Elevance Health.
Portfolio Management
Bernd Deeken
Bernd Deeken has been a Portfolio Manager at Berenberg since April 2011. Within the Equity Fund Management, he oversees funds and special mandates with a focus on sustainability. 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 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.
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.
