Key Takeaways

• The Picket fund charges: 0.12% ongoing fees, 5% initial charge, 2% switching charge, and 1% exit charge.

• The BGF Sustainable Energy A2 fund's trailing total returns for the past 3 and 5 years are +18.25% and +12.64%, respectively.
• The holdings/investors that make up the Picket Clean Energy Fund primarily come from the technology sector (55.37%) utilities sector (15.27%), and the industrial sector (14.85%).

Introduction

1. Pictet Global Environmental Opportunity Fund

Total Return

• The Pictet Global Environmental Opps fund attained a three-year cumulative return of 57.35%, with an annualized volatility of 20.88%.
• As of June 30, 2022, the fund had a dividend-yield factor of 1.39%.
• The fund is distributed as follows: 97.05% non-UK stock, 2.33% cash, 0.66% non-UK bond, UK bond, and UK stock.

 

Source

 

Management Fees

• 0.12% ongoing fees.
•  5% initial charge.
•  2% switching charge.
•  1% exit charge.

Top 10 Holding Companies & the Kind of Holdings/investors

• Synopsys Inc — 4.15%
• Republic Services Inc — 3.71%
• Schneider Electric SE — 3.66%
• Thermo Fisher Scientific Inc — 3.65%
• Agilent Technologies Inc — 3.34%
• Cadence Design Systems Inc — 3.21%
• American Water Works Company Inc — 3.11%
• Applied Materials Inc — 3.01%
• Autodesk Inc — 3.00%
• Danaher Corp — 2.84% 
• Most of these companies are engineering, software, and technology multinationals. The technology sector accounts for 36.56% of the net assets and the industrials at 28.2%.

Fund Performance Past 3-5 Years

• The fund has maintained steady growth over the past five years, despite dipping in 2018.
• In 2017, the fund's annual returns were 31.96%, which dropped to -17.32% in 2018, then climbed to 37.72% in 2019, and fell slightly to 33.94% in 2020.
• The fund continues to receive inflows, which indicates that it is still raising money. From January 2020 through March 2021, the fund received over €4bn inflows.

2. iShares Global Clean Energy ETF

Total Return

• The iShares Global Clean Energy ETF average total 3-year and 5-year returns are 22.74% and 19.16%, respectively.
• It had a maximum short-term capital gains rate of 39.60% and a maximum long-term capital gain of 20%.
• The fund paid a dividend of $0.12 in 2021. It has an annual dividend rate of $0.17 and yield of 0.67%.

 

Source

 

Management Fees

• The fund charges 0.42% as management fees.

Top 10 Holding Companies & the Kind of Holdings/investors

• Enphase Energy, Inc. — 9.89% 
• SolarEdge Technologies, Inc. — 6.77% 
• Vestas Wind Systems A/S — 6.35% 
• Plug Power Inc. — 5.38% 
• Consolidated Edison, Inc. — 5.32% 
• First Solar, Inc. — 4.27% 
• Orsted — 4.09% 
• EDP-Energias de Portugal SA - 3.28% 
• Xinyi Solar Holdings Ltd. — 2.94% 
• Sunrun Inc. — 2.89% 
• The utilities 47.42%, electronic technology 26.4%, and producer manufacturing 22.01% form the largest concentration of ICLN's underlying holdings.

Fund Performance Past 3-5 Years

• The fund has shown strong performance over the years.
• Its 3-year and 5-year cumulative total return as of June 30, 2022, was 84.93% and 140.24%, respectively.
• In addition, the fund had a 12-month trailing yield of 1.20% and P/E (price-earnings) ratio of 36.90.
• From August 2021 – 2022, the fund's net flows totaled $-178.99 million, an indicator that the fund continues to raise funds.

3. BGF Sustainable Energy A2

Total Return

• The fund's trailing total returns for the past 3 and 5 years are +18.25% and +12.64%, respectively.
• In September 2020, the fund paid a dividend amount equivalent to $0.021122000 and $0.010650000 in 2021.

 

Source

 

Management Fees

• Ongoing charge — 1.96% 
• Initial charge — 5.26% 
• Max annual charge — 1.65% 
• Exit charge — 0.00% 

Top 10 Holding Companies & the Kind of Holdings/investors

• Nextera Energy Inc — 4.93% 
• RWE AG — 4.85% 
• Enel SpA — 4.78% 
• Samsung SDI Co Ltd — 3.91% 
• Schneider Electric SE — 3.64% 
• Infineon Technologies AG — 3.59% 
• Ingersoll Rand Inc — 3.01% 
• Johnson Controls International PLC — 2.95% 
• EDP Energias de Portugal SA - 2.64% 
• Air Liquide — 2.57% 

•  33.87% of these investors are technology companies, 27.42% industrial companies, 22.18% utility companies, 9.99% basic materials companies, and 1.50% consumer defensive companies.

Fund Performance Past 3-5 Years

• The fund has shown strong growth over the past 3 – 5 years.
• It has grown from about $1 in August 2017 to $82.8 as of August 10, 2022.
• The fund continues raising money and in 2021 its net flows reached €1.493 billion.

4. Pictet Clean Energy

Total Return

• The Picket Clean Energy Fund 3-year total returns reached 30.9%.
• Its 5-year total returns reached 40.4%.

 

Source

 

Management Fees

• A maximum initial charge of 5.00%.
• An ongoing charge of 1.10%.
• An exit charge of 1.00%.

Top 10 Holding Companies & the Kind of Holdings/investors

• ON Semiconductor Corp — 5.13% 
• Nextera Energy Inc — 4.83% 
• TopBuild Corp — 4.29% 
• Equinix Inc — 3.63% 
• NXP Semiconductors NV — 3.63% 
• Marvell Technology Inc — 3.48% 
• Synopsys Inc — 3.33% 
• Albemarle Corp — 3.26% 
• Johnson Controls International PLC — 3.23% 
• RWE AG — 3.03% 
• The holdings/investors that make up this fund primarily come from the technology sector (55.37%), utilities sector (15.27%), and the industrial sector (14.85%). They comprise companies and not institutional investors, angel investors, venture capitalists, personal investors, peer-to-peer lenders, banks, etc.

Fund Performance Past 3-5 Years

• The fund has showed strong growth over the past 3 – 5 years.
• Its cumulative total return over the past year, 3 years, and 5 years has been -1.01%, 61.5%, and 85.86%, respectively.
• The graph below shows how the fund has performed since August 2017.

 

Source

 

• The fund continues raising money and in 2021 its net flows reached €1.355 billion.

5. iShares MSCI South Africa ETF

Total Return

• The iShares MSCI South Africa ETF had a total annual return of -10.97%. Its 3-year and 5-year cumulative total returns were -5.90% and -2.66%, respectively.
• In June 2022, the fund's total distributions reached $0.997784 with $0.00 short-term and long-term capital gains.
• The fund has a yield of 2.80% and an expense ratio of 0.57%.

 

Source

 

Management Fees

• An ongoing charge at the rate of 0.65%.
• It also charges a management fee of 0.57%.

Top 10 Holding Companies & the Kind of Holdings/investors

• Naspers Ltd Class N — 20.85% 
• Firstrand Ltd — 6.16% 
• Impala Platinum Holdings Ltd — 4.96% 
• MTN Group Ltd — 4.29% 
• Sibanye Stillwater Ltd Ordinary Shares — 4.24% 
• Standard Bank Group Ltd — 3.86% 
• Capitec Bank Holdings Ltd — 3.21% 
• Gold Fields Ltd — 3.08% 
• Sasol Ltd — 3.01% 
• Anglogold Ashanti Ltd — 2.96% 
• The holdings/investors that make up this fund primarily come from the financial services sector 32.80%, basic materials sector 24.91%, communication services 23.06%, and consumer cyclical 7.22%. The investors include banks, financial institutions, and mining companies.

Fund Performance Past 3 – 5 Years

• In the past 3 – 5 years, the iShares MSCI South Africa ETF has shown weak performance.
• The fund had a holdings turnover of 46.0% 
• Its cumulative total returns for the past year, 3 years, and 5 years are -10.97%, -5.90%, and -2.66%.
• Unfortunately, the fund has not indicated that it is still raising money/sourcing equity funding. However, it continues to receive cash flows and has a price/cash flow ratio of 4.22 

Research Strategy