Triodos Sustainable Bond Fund
During 2014, the total net assets of Triodos Sustainable Bond Fund grew from EUR 233.6 million to EUR 352.6 million. During this period, the fund (Z-Dis) achieved a return of 9.3% (including reinvestment of dividends), while the benchmark rose 10.1%.
The fund slightly underperformed the benchmark in 2014. At the end of the year the fund had a relative overweight position in corporate bonds, which contributed to the further improvement of the portfolio’s return. Falling sovereign bond yields provided further support for the total return.
Evolution of returns Triodos Sustainable Bond Fund
* Since 2010 the fund also invests in sovereign bonds in order to improve spread and liquidity in the bond portfolio.
** The Z-share classes have a limited history. Historic returns are based on the similar R-share classes, which have an identical investment policy. Figures of the R-share classes are the historic returns of Triodos Meerwaardefonds N.V., which merged into Triodos SICAV I on June 28, 2010.
*** Triodos Sustainable Bond Fund compares its return and the sustainability scores of the companies that it invests in with the iBoxx € Non-Sovereigns Index (60%) and the iBoxx € Sovereigns Index (40%) as a benchmark for (non-sustainable) worldwide diversified bond funds. 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.