FUNDS - Skalis Evolution Flex I
Last update on: 28/10/2021

Skalis Evolution Flex I

Investment Trusts
Universal-Investment GmbH
Universal Investment GmbH, Deutschland
Asset Manager
Universal Investment GmbH, Deutschland / ESG Portfolio Management GmbH

Fund data (Balanced Fund)

Fund size

(as of 30/09/2021)

10.00 mil. EUR
Share class size

(as of 30/09/2021)

8.11 mil. EUR
Fund price (as of 28/10/2021)
Offer 98.10 EUR
Bid 98.10 EUR

Growth (as of 28/10/2021) *

10 Years n.s.
5 Years 5.43 %
3 Years 3.73 %
1 Year 1.12 %
Current year -2.90 %
Benchmark n.s.

* in Euro (€)

Master data of Funds
Launch date 20/12/2013
Available in DE
Fund type Balanced Fund
Kind of fund Sustainability and ethical funds / Sustainability-/ Ethical fund
Aim of investment The fund combines an active management with focus on risk-adjusted return and sustainability. The objective of the fund is to generate a long-term capital appreciation without compromising environmental, social and ethical standards. The fund aims to reach highest ESG qualities, very positive SDG impact and low CO2 emissions.
Investment strategy The core of our investment strategy is the selection of bonds and equities where every issuer satisfies our financial and strict sustainability criteria.
Besides generating attractive returns and annual distributions, the fund's focus lies on capital preservation.
The fund management is not limited by benchmarks and acts as independent investment company unbiased in selection decisions.
Besides diversification the key features of our strategy are active allocation decisions and risk management (fund and security level).
Investment process In every investment decision issuers have to satisfy our financial and strict sustainability criteria. First, the issuers have to pass our ethical and sustainability screening. We use a positive list, which considers our extensive and strict list of exclusion criteria. To assess the ESG quality of every issuer ESG Portfolio Management uses the sustainability analysis (including potential controversies) from established ESG research providers (such as MSCI ESG). Our minimum ESG rating for every position is BBB. The portfolio aims for an average ESG rating of AAA. Furthermore, we demand that every position has a positive SDG impact and lower CO2 emissions compared to relevant benchmarks.
The second step is the financial analysis of every issuer. European corporate issuers are building the majority of our portfolio. But the fund also invests in other fixed income assets such as government, covered and agencies' bonds. Also, the majority of our equities (the fund's average equity allocation is 30%) is based in Europe.
The asset and sector allocation of the portfolio is the result of our qualitative research (top-down), whereas the issuer selection is based on quantitative and qualitative analysis. The issuer analysis includes external ratings as well as our internal credit analysis. Within our equity analysis we perform a peer group analysis of valuation and growth drivers.
After our careful security selection, we optimize the equity, credit and interest risks of the portfolio by using active allocation decisions and effective derivatives. Here, permanent top down analysis delivers input for our risk management.
Positive criteria MSCI ESG rating (minimum BBB); positive SDG impact (and no negative SDG impact).
Negative criteria for stocks and corporate bonds Governance:
- corruption and bribery
- violations of the UN Global Compact

Ethical and Social:
- alcohol/spirits
- exploitative child labour
- gambling
- weapons of mass destruction (ABC/CBRN)
- pornography
- cluster bombs and anti-personnel mines
- tobacco
- animal experimentation
- death penalty
- violations of human rights
- violations of the ILO protocol
- violations of Non-Proliferation Treaty of Nuclear Weapons (countries)
- weapons/armaments

- mining/selling of fossil energy sources
- fracking
- genetic engineering
- coal
- oil from oilsands

Negative criteria for government bonds Ethical and Social:
- death penalty
- violations of human rights
- violations of non-proliferation treaties of non-nuclear weapons

- corruption

Research done by MSCI ESG, ESG 17 screen, Bloomberg, CDP, UN PRI

This fund profile is aligned with the fund company.



*no exclusion but part of the analysis