Emit Capital Climate Finance Equity Fund
Net Asset Value
| Climate Finance Fund | Date | Entry (A$) | Mid (A$) | Exit (A$) |
|---|---|---|---|---|
| Monthly Unit Price | 30/09/2023 | 0.9236 | 0.9213 | 0.9190 |
The Emit Capital Climate Finance Equity Fund has a clear and focused investment strategy centered around meaningful climate change reduction. The Fund's global investment strategy aims to create positive environmental impacts by investing in companies that are actively contributing to addressing climate change.
Investment markets are driving the transition to a low carbon economy in order to reduce emissions and limit global warming. Companies that benefit from the transition to a low carbon economy, in our opinion, will outperform over time.
Monthly Report - Sep 23
Portfolio
PERFORMANCE
As at 30th September 2023
Return on A$100k since inception
The Sustainable Blend Climate Index (SBCI) represents the return achieved from holding allocations across indexes that represent the benchmark for each Climate Change Theme (CCT). It aims to represent a realistic passive allocation across the universe of names the Emit Capital Climate Finance Fund analyses to build the portfolio and provide an appropriate benchmark for the Fund to measure outperformance based on both asset allocation across the CCT’s and names selection within each theme.
Performance as at 30th September 2023
| 1mth | 3mths | 6mths | 1yr | 2yr | S.I ** | |
|---|---|---|---|---|---|---|
| ECCFEF^ | -5.14% | -7.46% | -8.14% | -3.52% | - | -7.87% |
| SBCI^^ | -5.29% | -9.35% | -12.36% | -8.93% | - | -15.23% |
| MSCI ACWI | -3.40% | 0.08% | 6.57% | 20.24% | - | 16.79% |
^ The Emit Capital Climate Finance Equity Fund - total return net of fees
^^ The Sustainable Blend Climate Index
** S.I - Since Inception
Beyond 1yr is per annum
CARBON FOOTPRINT ANALYSIS
As at 30th September 2023
| ECCFEF* | MSCI ACWI** | SBCI*** | |
|---|---|---|---|
| Absolute CO2e (t) (M)^ | 0.856 | 5.312 | 1.380 |
| WACI^^ | 74.28 | 132.23 | 101.16 |
* Emit Capital Climate Finance Equity Fund
** Benchmark is the MSCI All Country World Index
*** Sustainable Blend Climate Index
^ Total CO2 and CO2 equivalents emissions in millions of tonnes
^^ Weighted Average Carbon Intensity - Total CO2 and CO2 equivalents emissions in tonnes divided by net sales or revenue in USD
All data calculated via Refinitiv - part of the London Stock Exchange Group (LSEG).
ESG METRICS
As at 30th September 2023
| ECCFEF | MSCI ACWI | SBCI | |
|---|---|---|---|
| ESG Score (ESG) | 67.86 | 74.01 | 68.27 |
| ESG Controversies Score (C) | 72.04 | 43.50 | 74.21 |
| ESG Combined Score (ESGC) | 60.84 | 54.48 | 60.21 |
| # of Securities | 31 | 1,524 | 345 |
| ESG % Coverage | 100% | 99.80% | 100% |
ESG scores are calculated from company reporting data. Scores are represented as percentiles.
ESGC scores are calculated using the Controversies score from public news releases. Scores are represented as percentiles.
TOP 5 HOLDINGS
As at 30th September 2023
| Stock | Holding | Description |
|---|---|---|
| Toyota Motor Corp | 4.7% | Auto Manufacturers |
| Carrier Global Corp | 4.6% | Building Products |
| Tesla Inc | 4.4% | Auto Manufacturers |
| Eaton Corp | 4.3% | Electrical Equipment |
| Rivian Auto Inc | 3.9% | Auto Manufacturers |
The Emit Capital Climate Finance Equity Fund invests in globally listed companies whose activity contributes to a meaningful reduction in climate change.
Energy Transformation
(e.g renewable energy)
Transport & Related Infrastructure
(e.g. electric vehicles & charging stations)
Energy Efficiency & Storage
(e.g. HVAC and batteries)
Water management
(e.g. wastewater & filtration)
One Fund Services Limited (“OFSL”), ACN 615 523 003, AFSL 493421, is the issuer and trustee of the Emit Capital Climate Finance Equity Fund. The material contained in this communication is general information only and was not prepared by OFSL but has been prepared by Emit Capital Asset Management Pty Ltd (“Emit Capital”), a Corporate Authorised Representative of One Wholesale Fund Services Ltd (“OWFS”), ACN 159 624 585, AFSL 426503. Emit Capital has made every effort to ensure the accuracy and currency of the information contained in this document. However, no warranty is made as to the accuracy or reliability of the information. Investors should consider the Information Memorandum (“IM”) dated 20 May 2022 issued by OFSL before making any decision regarding the Fund. The IM contains important information about investing in the Fund and it is important investors obtain and read a copy of the IM before deciding about whether to acquire, continue to hold or dispose of units in the Fund. You should also consult a licensed financial adviser before making an investment decision in relation to the Fund. Past performance is no guarantee of future performance. This report does not take into account a reader’s investment objectives, particular needs or financial situation and is general information only to wholesale investors and should not be considered as investment advice and should not be relied on as an investment recommendation.