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.

Lux Fund Stats as of 01/07/2022:

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NAV

€139.13

NAV Change

€2.58

Legal Structure

UCITS

ISIN

LU1991436970

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

Luxembourg Subscription Tax Rate (Institutional)

0.01%

  • Fact Sheet

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

*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 closed for new subscriptions and will be liquidated in due course.

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

 

ESGWF & Lux Fund*

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

ESGWF Information*

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

Total Net Assets

€880K

Adviser

Ecofin Advisors Limited

Administrator

Société Générale Securities Services, Sgss (Ireland) Limited

Redemption Settlement

Within 5 business days

Lux Fund Information* - this fund is now closed to new investment

Launch Date

06 August 2019

ISIN (EUR, Founders, Accumulating, Share Class for Institutional Investors)

LU1991436970

Total Net Assets

€14.8M

Luxembourg Subscription Tax Rate (Retail)

0.05%

Luxembourg Subscription Tax Rate (Institutional)

0.01%

Adviser

Ecofin Advisors, LLC

Administrator

BNP Paribas Securities Services, Luxembourg Branch

Redemption Settlement

3 business days

  1. 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.

  2. For distributing shares, dividends will be declared and distributed quarterly.

Portfolio Exposure (% of NAV)

As of 31/05/2022

Ten Largest Holdings

Company % of Total
American Water Works Co. Inc.
9.0%
Essential Utilites Inc.
7.7%
Danaher Corp.
6.6%
Veolia Environnement SA
6.0%
Aris Water Solution Inc
4.8%
Company % of Total
Advanced Drainage Systems, Inc.
4.2%
Pentair PLC
3.7%
Xylem Inc
3.7%
Kurita Water Industries Ltd
3.7%
Tetra Tech Inc
3.6%

Time Period

Net Performance as of 31/03/2022

Net Performance as of 31/05/2022

*The fund commenced operations on 6 August 2019.

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 Tortoise 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 ESGWU

Performance Fact Sheet
Fact Sheet (Lux)

This Fund is passported in Luxembourg, the UK, Norway, Denmark, Switzerland, Sweden and France; access to information on this Fund is not intended for prospective European investors outside of these jurisdictions other than under a local regulatory exemption.

 


Information on this website is being issued by Ecofin Advisors Limited ("Ecofin UK"), in relation to these funds.