Triodos Sustainable Pioneer Fund
During 2014, the total net assets of Triodos Sustainable Pioneer Fund grew from EUR 57.9 million to EUR 104.8 million. During this period, the fund (Z-Cap) achieved a return of 19.8% (including reinvestment of dividends), while the benchmark rose 23.1%.
Especially the favourable share price trends of stocks in the Healthy People, Clean Planet and CSR Pioneer segments contributed to the uptrend. The underperformance relative to the benchmark was due to the fund’s stock selection in the Climate Protection segment, which was only partially offset by the positive contribution of the overweight position of the Healthy People theme, which enjoyed a strong performance.
Evolution of returns Triodos Sustainable Pioneer Fund
* The Z-share classes have a limited history. Historic returns are based on the similar R-share classes, which have an identical investment policy.
** Triodos Sustainable Pioneer Fund compares its return with a composite index as a benchmark for (non-sustainable) worldwide diversified equity funds. This index comprises four sub-indices that are related to the four themes of the fund. The index for the Clean Planet theme is the FTSE Environmental Opportunities All-Share Index (30%). The index for Climate Protection is the Wilderhill New Energy Global Innovation Index (30%). The index for Healthy People is the MSCI World Healthcare Equipment & Services Index (30%). The index for CSR Pioneers is the MSCI Small Cap World Index (10%). The investment policy that is pursued by the fund is not aimed at replicating or outperforming the benchmark in the short term. The fund may deviate from the benchmark because the fund only invests in companies that meet our strict sustainability criteria.