LUXFUNDS-BOND GLOBAL GREEN
Investment Objective and Policy1 Go to Investment Objective and Policy disclaimer
The objective of the sub-fund is to achieve a return equal to or above that of the bond and credit markets, with an investment grade rating, while enabling investors to contribute to the energy transition.
The sub-fund invests mainly in green bonds aligned with the Green Bond Principles of the International Capital Market Association, these being investment grade and denominated in the respective currencies of OECD member countries; on an ancillary basis in other green bond securities aligned with the Green Bond Principles of the International Capital Market Association, total investments in non-investment grade bonds and unrated bonds being limited to a maximum of 10% of the net assets; in other financial instruments provided for by the investment restrictions, including cash, IMMs and/or UCITS/other bond and/or money market UCIs. The portfolio is actively managed on a discretionary basis without reference to a benchmark.
Risk indicator
Risk scale from 1 (Low risk) to 7 (High risk). The current value is 2.
We have classified this product as 2 out of 7, which is a low risk class.
Risks not included in the risk indicator: Liquidity risk, Counterparty risk, Operational risk.
Key Figures
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NAV (cap.)on 31.03.202688,67 EUR
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Highest value of year (cap.)on 27.02.202690,43 EUR
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Lowest value of year (cap.)on 27.03.202688,26 EUR
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Total assets of the subfund55.908.650 EUR
Price Evolution2 Go to Price Evolution disclaimer
Past performance is not indicative of future results.
Risk factors
The sub-fund is characterized by a low counterparty risk, thanks to diversified investments in "investment grade" bonds, as well as low volatility due to controlled duration. However, investing in the sub-fund may involve risks associated with international investments in general, such as currency fluctuation risk. Since the sub-fund may invest a minority portion in emerging markets, investing in the sub-fund may involve a higher level of risk due to the political and economic situation in those markets, which can affect the value of the investments.
Technical characteristics
| Label | Value |
|---|---|
| Fund Type | SICAV Bond Funds |
| Launch date | 21.10.2019 |
| Reference currency4 Go to Reference currency disclaimer | EUR |
| Stock Type |
CAP. (classe M) |
| Retenue LU | No |
| Retenue UE | No |
| Calculation of the NAV |
Daily
For every subscription today (day D) before noon (Luxembourg time), the NAV applicable will be the NAV dated today (D), which will be calculated and published the next day (day D+1), except for Sundays and holidays.
|
| ISIN Code (cap) EUR | LU2065937091 (classe M) |
| Bloomberg Code |
(CAP) |
| Cut-off time | 12:00 (GMT+1) |
SFDR information6 Go to SFDR information disclaimer
SFDR classification: The sub-fund has sustainable investments as its objective in accordance with Article 9 of the regulation on sustainability-related disclosures in the financial service sector (SFDR).
Minimum proportion of sustainable investment: The sub-fund will make a minimum of 80% of sustainable investments with an environmental objective.
Binding elements of the ESG strategy: The binding elements can be grouped into two main categories: exclusion and integration.
Exclusion-related binding elements:
The sub-fund does not invest in instruments issued by companies that violate the United Nations Global Compact principles (UNGC), as defined by the external provider MSCI ESG, which analyses all controversies affecting a company to assess its compliance with the listed principles.
The sub-fund does not invest in instruments issued by companies that are not aligned with the United Nations Guiding Principles for Business & Human Rights (UNGP), as defined by the external provider MSCI ESG, which analyses controversies affecting a company to ensure it is in line with these principles.
The sub-fund does not invest in instruments issued by companies that do not meet the Minimum Social Safeguards of the European Union, as defined by the external provider MSCI ESG. In this respect, companies flagged as “Red” due to social or governance controversies are excluded. Companies linked to controversial weapons are excluded. Companies generating more than 5% of their revenues from tobacco-related activities are excluded.
The sub-fund does not invest in instruments issued by companies that have a “Red” flag related to their controversies. This data point is obtained from MSCI ESG, which evaluates the severity of each controversy affecting a company. This ensures the exclusion of companies that have been involved in a significant controversy related to their operations or products with severe social or environmental impact.
The sub-fund does not invest in instruments issued by companies that derive more than 5% of their revenues from nuclear-related activities, as evaluated by the external provider MSCI ESG.
The sub-fund does not invest in instruments issued by companies targeted in Article 12(1)(a) to (g) of Delegated Regulation (EU) 2020/1818 of the Commission, in accordance with the ESMA guidelines for funds with an environmental-sounding name. This data point, namely the "Paris-Aligned Benchmark" rules, is provided by MSCI ESG, which conducts an internal analysis of the companies' activities and controversies to assess their alignment with the ESMA guidelines.
The sub-fund does not invest in instruments issued by companies that do not meet the Do No Significant Harm (DNSH) criteria of the European Union. This data point is obtained from MSCI ESG, which evaluates the controversies affecting a company and links them to the various environmental objectives defined by the European Union. Therefore, a company does not meet these DNSH criteria if it has a "Red" or "Orange" flag on categories related to these objectives: climate change mitigation, climate change adaptation, sustainable water management, circular economy, pollution prevention, or biodiversity.
The sub-fund does not invest in instruments issued in high-risk countries or those subject to sanctions, such as those imposed by the United Nations Security Council and the Financial Action Task Force.
Integration-related binding elements:
The sub-fund invests a minimum of 80% of its net assets in green bonds aligned with the Green Bond Principles (GBP) of the International Capital Market Association (ICMA).
The remaining maximum of 20%, which is not invested in green bonds, may only include cash (non-invested).
Fees3 Go to Fees disclaimer
| Label | Value |
|---|---|
| Entry fee (max) | 2,50 % |
| Exit fee (max) | 1,00 % |
Ongoing costs taken each year
| Label | Value |
|---|---|
| Management fees and other administrative or operating costs | 0,90 % |
| Transaction costs | 0,10 % |
| Performance fees | There is no performance fee for this product. |
Detailed Informations about the fees and charges are in our publication concerning the main banking fees available at www.spuerkeess.lu and in our branches.
Average annual performance7 Go to Average annual performance disclaimer
| Label | Value |
|---|---|
| over 1 year (31.03.2025) | 0,58 % |
| over 3 years (30.03.2023) | 2,02 % |
| over 5 years (31.03.2021) | -1,98 % |
| over 10 years (01.01.1970) | n/a |
| since creation (22.11.2019) | -1,87 % |
Annual performance8 Go to Annual performance disclaimer
| Label | Value |
|---|---|
| Year to quarter | -0.48 % |
| 2025 | 0.18 % |
| 2024 | 2.1 % |
| 2023 | 4.45 % |
| 2022 | -14.69 % |
| 2021 | -2.19 % |
| 2020 | 1.32 % |
Allocation5 Go to Allocation disclaimer
Investment allocation
- Bonds : 99,21 %
- Cash : 0,79 %
Geographical breakdown of the fixed income investments
- Others : 25,26 %
- Supranational : 17,14 %
- France : 16,11 %
- Netherlands : 10,69 %
- Germany : 9,87 %
- Spain : 7,20 %
- Italy : 5,84 %
- United States of America : 5,06 %
- Finland : 2,83 %
Breakdown of the fixed income investment
- Corporate : 61,53 %
- Governemental : 38,47 %
Maturity structure (Direct lines)
- 1-4y : 38,22 %
- 4-7y : 29,17 %
- 7-10y : 17,02 %
- +10y : 8,18 %
- 0-1y : 7,41 %
Primary Investments
Fixed Income Performance Metrics
| Bonds | % | Infos |
|---|---|---|
| Duration | 4,81 | |
| Yield to Maturity | 2,97 |
Top bond investments
| Bonds | % | Infos |
|---|---|---|
| Intesa San Paolo 0.75% EMTN 21/16.03.28 | 3,32 % | Corporate |
| Kommunalbanken A/S 2.875% EMTN Ser 5599 24/25.04.29 | 2,95 % | Govies |
| EIB 2.75% 24/16.01.34 | 2,86 % | Corporate |
| Enel Finance Intl SA 1.125% EMTN Sen Reg S 18/16.09.26 | 2,84 % | Corporate |
| Caisse Franç de Fin Local 0.1% EMTN 19/13.11.29 | 2,82 % | Govies |
Taxation
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1. Back to linked content
There is no guarantee that an investment objective will be achieved or that a return on capital will be obtained. The product does not benefit from any guarantee to protect the capital. You may not recover the full amount of your invested capital.
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2. Back to linked content
Past performance is not indicative of future results.
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3. Back to linked content
Entry costs are a percentage of the amount you pay in when entering this investment. The percentage is based on the NAV.
Exit costs are a percentage of the value of your investment before it is paid out to you. The percentage is based on the NAV.
Management and other administrative and operating fees are a percentage of the value of your investment per year. This is an estimate based on actual costs over the last year.
Transation cost are a percentage of the value of your investment. This is an estimate of the costs incurred when buying and selling the underlying investments for the product.
A conversion fee applies when converting some or all of your shares.
This is not an exhaustive list of the costs. Other costs apply, differ per share class and are subject to change.
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When a sub-fund or class is denominated in another currency than the one of your country, or when costs are partially or fully paid in another currency than yours, then costs and performances may increase or decrease as a result of currency and exchange rate fluctuations.
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5. Back to linked content
Holdings and Allocations are subject to change. This does not constitute an investment advice to buy or sell the presented securities.
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6. Back to linked content
Before making any investment decision, please consider all the objectives, characteristics, binding elements of the selection process and methodological limits contained in the Prospectus, the SFDR Precontractual Annex, as well as the Summary of the website Product disclosure. The documents are available at the following link: https://www.luxfunds.lu/fr/documents/sustainability-related-disclosures/
Important Note
Please note that the above subfund may only be distributed in Luxembourg. Shares of funds of our lux|funds range may not be sold to US Persons.
Any subscription must be done on the basis of the fund's prospectus in effect at the time of subscription and the KID ("Key Information Document"), accompanied by the latest annual report or, if more recent, the latest interim report.
For every subscription today (day D) before noon (Luxembourg time), the NAV applicable will be the NAV dated today (D), which will be calculated and published the next day (day D+1), except for Sundays and holidays. Regarding fund of funds, the applicable NAV will be the one dated J+2, calculated and published the day after (J+3), except on Sundays and public holidays.
The indicated historical performance levels are not a guarantee of similar growth in value in the future. Losses of value cannot be ruled out, and Spuerkeess may not be held liable for them. The actuarial yield represents the yield obtained when a bond portfolio is held to maturity.
The level of risk is determined on the basis of the historical performance of the last five years and should not be considered a reliable indicator of the future risk profile of the compartment. It represents the risk of fluctuations in the net asset value per share and may change over time. Level 1 represents the lowest risk, and level 7 represents the highest risk. The higher the risk, the longer the recommended investment period. For details on the risks involved, please consult the KID.
The entry and exit charges are those indicated in the prospectus. The actual applicable charges are in our publication concerning the main banking fees available at www.spuerkeess.lu and in our branches.
Tax information about the fund is available at www.luxfunds.lu and at Spuerkeess branches. It is recommended that investors consult their own legal and tax advisers before investing in the fund.
This document is provided solely for information purposes and cannot be considered legal, tax, or investment advice.