The fund seeks to provide a measurable decarbonization benefit by investing in companies riding on the high demand growth for clean electricity.
Fund Stats as of 18/04/2024:
NAV
€78.16
Fund AUM
€23.6M
Legal Structure
UCITS
Base Currency
EUR
Subscriptions/Redemptions
Daily
The Ecofin Global Renewables Infrastructure UCITS Fund (EGRIU) invests in listed companies that own, develop or operate renewable electricity technology plants and systems, and related infrastructure investments. The fund seeks to provide a measurable decarbonization benefit by investing in companies riding on the high demand growth for clean electricity. The portfolio has a goal of generating long-term total returns through investment in sustainable initiatives in low-carbon power generation assets derived from a combination of capital appreciation and income over time.
Produced by MSCI ESG Research as of 31 March 2024
Impact
- Clear calculable impact in terms of CO2 emissions avoided
- Effective displacement of dirty electricity generation by the cleaner generation of portfolio constituents
- The fund is 67% cleaner than the respective grids in which the underlying companies operate*
$1 million investment implies the avoidance of 472 tonnes of carbon per year*
Equivalent to the emissions from:
- 425 round-trip flights from New York to Los Angeles
- 59 car trips around the world
As of 31 March 2024
Fund Information
As of 31/03/2024
Launch Date
31 December 2021
Fund AUM
€23.6M
Base Currency
EUR
Currencies
EUR/USD/GBP/SEK/NOK/CHF
Management Fee (Institutional) 1
Class D (Founder) 0.60%
Type
Accumulating
Target Return
Long-term total return
Strategy
Long only
Benchmark
S&P Global Infrastructure Index
Subscriptions/Redemptions
Daily
Legal Structure
UCITS
Administrator
Société Générale Securities Services, Sgss (Ireland) Limited
Date
31/03/2024
Per annum on the net asset value of the Fund. Other classes are available. Current NAV and performance is calculated based upon the Seeder Share Class fee of 0.50% and is available only to the Seed investor.
As of 31/03/2024
Total expenses for Institutional share classes will not exceed 1.55% per annum of the net asset value of the fund and 1.35% for Founder share classes.
* Source: Ecofin Advisors Limited
Portfolio Exposure (% of invested capital)
As of 31/03/2024
Top 10 Positions
| Date | % of Total |
|---|---|
NextEra Energy, Inc. | 7.0% |
Clearway Energy Inc. | 6.1% |
ERG S.p.A | 5.4% |
Atlantica Sustainable Infrastructure | 5.3% |
Dominion Energy Inc | 5.1% |
| Date | % of Total |
|---|---|
ReNew Energy Global PLC | 5.1% |
NextEra Energy Partners LP | 4.9% |
Edison International | 4.7% |
Exelon Corp | 4.6% |
Public Service Enterprise Group | 4.5% |
Top 10 Positions as % of Investment Securities: 52.7%
Fund holdings are subject to change and are not recommendations to buy or sell any security. Reflected as a percentage of long-term investments.
The Ecofin Global Renewables Infrastructure UCITS Fund ("Fund") is a newly-launched fund which does not have a full calendar year of performance as provided below. However, Ecofin Advisors Limited has been managing the strategy underlying this fund since November 2015.
| Class/Name | QTD | Calendar YTD | 1 Year | Since Inception |
|---|---|---|---|---|
| Ecofin Global Renewables Infrastructure UCITS | -4.96% | -4.96% | -13.81% | -21.78% |
| S&P Global Infrastructure Index (EUR) | 3.44% | 3.44% | 3.75% | 11.53% |
| Class/Name | 1 Month | Calendar YTD | 1 Year | Since Inception |
|---|---|---|---|---|
| Ecofin Global Renewables Infrastructure UCITS | 4.85% | -4.96% | -13.81% | -21.78% |
| S&P Global Infrastructure Index (EUR) | 4.76% | 3.44% | 3.75% | 11.53% |
Since inception date is 31 December 2021. NAV performance in EUR. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Returns may increase or decrease due to currency fluctuations. Performance includes the effect of costs (including the management fee) which are capped at 0.50% per annum for the Seeder Share Class. Due to rounding, totals may not equal 100%.
Ecofin Global Renewables Infrastructure UCITS Fund EGRIU
Ecofin Global Renewables Infrastructure UCITS 1Q 2024 Fund Commentary
Information on this website is provided by Ecofin Advisors Limited ("Ecofin UK"), in relation to this Fund in respect of which Ecofin UK manages the portfolio.
Ecofin UK is a leading investment management advisor within the Ecofin family, specialising in sustainability and impact investing globally across the energy transition value chain. It has been FCA regulated since 1992 and SEC registered since January 2006.
Office: London
EGRIU is passported for distribution in the UK, France, Norway, Denmark, Sweden, Finland, Spain, Italy, the Netherlands, Germany and Ireland; access to information on this Fund is not intended for prospective EU investors outside of these jurisdictions other than under a local regulatory exemption.
The Ecofin Global Renewables Infrastructure UCITS Fund is a newly launched fund and does not have a full year of performance.
IMPORTANT NOTICE
Investments in the Fund should only be made following receipt of a copy of the full Prospectus, current Fund Supplement and relevant KIID, which may be obtained by contacting the Fund's Management Company, Equity Trustees Fund Services (Ireland) Limited and they are also available on the Ecofin website under UCITS. A subscription form can also be obtained from Equity Trustees Fund Services (Ireland) Limited.