FUNDS - Gutmann Aktien Nachhaltigkeitsfonds (T)
Last update on: 29/10/2021

Gutmann Aktien Nachhaltigkeitsfonds (T)

Investment Trusts
Gutmann KAG mbH
Gutmann KAG, Wien
Asset Manager
Gutmann KAG mbH

Fund data (Equity Fund)

Fund size

(as of 30/03/2019)

14.99 mil. EUR
Share class size

(as of 30/09/2021)

42.87 mil. EUR
ISIN AT0000A15M75
Fund price (as of 29/10/2021)
Offer 210.21 EUR
Bid 200.20 EUR

Growth (as of 29/10/2021) *

10 Years n.s.
5 Years 76.19 %
3 Years 50.43 %
1 Year 30.05 %
Current year 18.60 %
Benchmark MSCI World Index

* in Euro (€)

Master data of Funds
Launch date 03/03/2014
Available in AT, DE
Fund type Equity Fund
Kind of fund Sustainability and ethical funds / Sustainability-/ Ethical fund
Aim of investment The Fund is an international equity fund that invests exclusively in sustainable companies. The Fund is actively managed. It covers about 80% of blue chips and 20% of Mid & Small Caps, which are characterized by a sustainable economy.
Investment strategy The fund invests in sustainable companies. By this we mean companies that are characterized by an environmentally and socially responsible economy. Companies which, for example, behave recklessly towards society or the environment, disregard fundamental rights or create "harmful" products will be excluded from an investment. Companies that "less sustainable" industries operating in need, an above-average rating regarding sustainability have to ever come into question for an investment.
Investment process The assessment of the sustainability of the industries and companies are under the sustainability approach of Notenstein Private Bank AG. Here, a catalog is used by 50-70 criteria to capture the environmental and social impacts of each industry. The detailed criteria relating to the evaluation and the weights with which the ratings of the detailed criteria are aggregated into an overall rating distinguish between the individual sectors. Ecological criteria: CO2 emissions, water consumption, air pollutant emissions, waste generation. Social criteria: working conditions, social conflict potentials. Basically the entire value chain of the respective industries is considered.

The companies are valued according to the following criteria: environmental / social / corporate management.

The requirements for sustainable items are higher, the riskier the industry from a sustainability perspective. Therefore, in sustainable industries, the top 50% of companies are available for an investment in "bad" sectors, the percentage is reduced accordingly.

In addition, a company may also be disqualified from a investment if its activity poses an unacceptable potential for conflict.

The remaining shares (approximately 1,200 companies from 3,600 companies), form the "Sustainability pool" are identified by means of a quantitative model of the company, presenting an attractive yield potential (around 400 titles). In the next stage, a detailed qualitative, fundamental analysis of this title. In particular, emphasis on the balance sheet ratios, the stock market valuation, management and the market position of the company is placed. 50-70 companies will be selected from the remaining 200 titles, from which a portfolio is constructed. In this portfolio construction, risk assessment plays an important role.
Positive criteria Energy and climate, water, food supply, mobility, Green Building, aging society, knowledge society
Negative criteria for stocks and corporate bonds Governance:
- corruption and bribery
- violations of the UN Global Compact

Ethical and Social:
- abortion
- alcohol/spirits
- exploitative child labour
- embryonic research
- gambling
- weapons of mass destruction (ABC/CBRN)
- pornography
- spirits
- cluster bombs and anti-personnel mines
- tobacco products
- animal experimentation
- violations of human rights
- violations of the ILO protocol
- weapons/armaments

- airlines
- biocides
- chlorine or agrochemicals (e.g. biocides)
- chlorine or agrochemicals
- genetic engineering
- genetic engineering in agriculture
- genetic engineering (agriculture)
- nuclear energy (operation or component manufacture)

- environmentally harmful conduct

Negative criteria for government bonds n.s.
Research done by Vescore AG

This fund profile is aligned with the fund company.



*no exclusion but part of the analysis