The Ecofin Sustainable Global Water UCITS Fund seeks to invest in companies across the globe and throughout the water value chain that we believe are in a position to benefit from the pursuit to solve the water supply/demand imbalance.
Fund Stats as of 01/12/2023:
NAV
€99.30
NAV Change
€1.44
Legal Structure
UCITS
ISIN (EUR, Founders, Accumulating, Share Class for Institutional Investors)
IE00009LMXF4
Distribution Policy
Accumulating
Base Currency
EUR
Management Fee (Founders, Share Class for Institutional Investors)
0.60%
Minimum Investment (Founders, Share Class for Institutional Investors)
€2,500,000
Philosophy
We believe increased investment in water infrastructure and technology will be key to economic growth and social stability as the world’s growing population increasingly confronts water scarcity.
Global water crisis
Water has attracted an increasing amount of investment and consideration for a number of reasons, namely the following:
- Water shortages
- Water quality concerns
- Deteriorating water infrastructure in
developed countries - Need for water infrastructure in
emerging markets
Technology Focus
We believe technology will play a key role in the transformation of the water sector
- Higher-end technologies expected to continue to command premium multiples over commoditized offerings due to growth opportunities and barriers to entry
- Higher-end technologies include smart water networks, desalination, treatment, filtration and testing
Investment opportunity
- Compelling market opportunity potential as water emerges as an asset class
- Significant investment opportunity in water infrastructure and technology driving attractive total return potential
- Growing universe with increased capital market activity highlighting value of water businesses
- Long runway of growth opportunities arising from global water supply/ demand imbalance
- Impact investment as water is an essential asset that drives economic growth and social sustainability
- Diversification benefits with low correlation to equities
Produced by MSCI ESG Research as of 30 September 2023
Fund Information
As of 31/10/2023
Base Currency
EUR
Currencies
EUR/USD/GBP/SEK/CHF
Share Classes
Retail (R), Institutional (I)
Management Fee (Retail) 1
1.25%
Management Fee (Institutional) 1
0.85%
Management Fee (Founders, Share Class for Institutional Investors)
0.60%
Minimum Investment (Retail)
€1,000.00
Minimum Investment (Institutional)
€250,000.00
Minimum Investment (Founders, Share Class for Institutional Investors)
€2,500,000
Distribution Policy 2
Accumulating and Distributing
Legal Structure
UCITS
Subscriptions and Redemptions
Daily
Launch Date
04 May, 2022
ISIN (EUR, Founders, Accumulating, Share Class for Institutional Investors)
IE00009LMXF4
ISIN (GBP Founder)
IE000SU69JL3
ISIN (EUR Share Class, Institutional)
IE000D7WQVU3
Fund AUM
€15.7M
Adviser
Ecofin Advisors Limited
Administrator
Société Générale Securities Services, Sgss (Ireland) Limited
Redemption Settlement
Within 5 business days
Non-founder classes, per annum on the net asset value of the fund.
Total expenses do not exceed 1.6% for the institutional and 2% for the retail share classes.For distributing shares, dividends will be declared and distributed quarterly.
Portfolio Exposure (% of NAV)
As of 30/11/2023
Ten Largest Holdings
| Company | % of Total |
|---|---|
Xylem Inc | 9.0% |
Veolia Environnement SA | 8.2% |
American Water Works Co. Inc. | 7.6% |
Severn Trent PLC | 5.7% |
Essential Utilites Inc. | 5.2% |
| Company | % of Total |
|---|---|
IDEX Corp | 4.4% |
Kurita Water Industries Ltd | 4.4% |
AECOM | 4.2% |
SJW Group | 4.1% |
Pentair PLC | 3.9% |
Top 10 Positions as % of Investment Securities 56.7%
Fund holdings are subject to change and are not recommendations to buy or sell any security. Reflected as a percentage of long-term investments.
| Class/Name | QTD | Since Inception |
|---|---|---|
| Ecofin Sustainable Global Water Fund (EUR) | -6.97% | -5.29% |
| S&P Global Water Net Total Return Index (EUR) | -6.56% | -3.06% |
| S&P Global Infrastructure Net Total Return Index (EUR) | -4.68% | -10.33% |
| Class/Name | 1 Month | Since Inception |
|---|---|---|
| Ecofin Sustainable Global Water Fund (EUR) | 6.69% | -2.14% |
| S&P Global Water Net Total Return Index (EUR) | 7.56% | 1.53% |
| S&P Global Infrastructure Net Total Return Index (EUR) | 6.20% | -7.52% |
*The fund commenced operations on 4 May 2022.
Source: Bloomberg for S&P Global Water Net Total Return Index (Euro) (SPGTANTE) and S&P Global Infrastructure Net Total Return Index (Euro) (SPGTINNE).
Performance for periods over one year is annualised. 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.
The Ecofin Sustainable Global Water UCITS Fund performance includes the effect of ongoing costs (including the management fee) which are capped at 1.6% per annum for institutional investors and 1.35% for Founder investors, whereas the S&P Global Water (Euro) Net Total Return Index (which provides liquid and tradeable exposure to 50 companies from around the world that are involved in water related businesses) and the S&P Global Infrastructure (Euro) Net Total Return Index (which is designed to track 75 companies from around the world chosen to represent the listed infrastructure industry while maintaining liquidity and tradability) do not apply a corresponding deduction for ongoing costs of a fund. (The performance of an index is generally presented on a total return basis, i.e., assuming reinvestment of dividends net of withholding taxes using the tax rates applicable to non-resident institutional investors.)
Neither the S&P Global Water (Euro) Net Total Return Index or the S&P Global Infrastructure (Euro) Net Total Return Index are specifically referred to in the Prospectus of the fund, and shall not be considered as a benchmark in the sense of the Benchmarks Regulation, and Ecofin does not give any representation or warranty with its fitness for a particular purpose in comparative performance.
Ecofin Sustainable Global Water UCITS Fund ESGWF
IMPORTANT DISCLOSURE
The Irish domiciled Ecofin Sustainable Global Water UCITS Fund ("ESGWF") is a newly-launched fund. A UCITS with the same strategy launched under Luxembourg domiciliation in August 2019 (“Lux Fund”), which is now liquidated.
ESGWF is passported for distribution in the UK, Ireland, France, Norway, Denmark, Sweden, Finland, Spain, Italy, the Netherlands 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.
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