EQ
KBI WATER FUND - EURO CLASS E (C)
YTD
As of 03/13/2025
-3.98%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 03/13/2025
€12.053
Fund AUM
As of 03/13/2025
€1.24B
SFDR ClassificationClassifying as an Article 8 fund under SFDR (Sustainable Finance Disclosure Regulation), the fund promotes environmental or social characteristics, but does not have as its objective a sustainable investment. Please refer to the Amundi Responsible Investment Policy and the Amundi Sustainable Finance Disclosure Statement available at https://about.amundi.com/legal-documentation. The decision of the investor to invest in the promoted fund should take into account all the characteristics or objectives of the fund. There is no guarantee that ESG considerations will enhance a fund’s investment strategy or performance.
Art. 8
Morningstar Rating
-
The aim of the Fund is to generate the highest possible return for its shareholders by investing primarily in shares of international companies involved in the water sector.
The Fund will invest primarily in the shares of companies that are listed on recognised stock exchanges worldwide and who operate on a sustainable basis in the water industry. The Fund will not invest more than 30% of net assets in emerging markets.
The Fund is considered to be actively managed in reference to the MSCI ACWI Index by virtue of the fact that it uses the Index for performance comparison purposes. However the Index is not used to define the portfolio composition of the Fund or as a performance target and the Fund may be wholly invested in securities which are not constituents of the Index.
 

NAVs

Performance

Change in NAV in base 100
KBI WATER FUND - EURO CLASS E (C) (-2.5% over the period)
Select period
Created with Highcharts 11.4.8KBI WATER FUND - EURO CLASS E (C)Benchmark16 Sep30 Sep14 Oct28 Oct11 Nov25 Nov9 Dec30 Dec13 Jan27 Jan10 Feb24 Feb10 Mar95100105110115120
* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since incentive of the fund.

All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

Past performance does not guarantee future returns.The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.
Change in NAV in base 100Rolling performancesYear-on-year return (365 days)Annual returnsRisk indicatorsPerformances Scenarios
KBI WATER FUND - EURO CLASS E (C) (-2.5% over the period)
Select period
Created with Highcharts 11.4.8KBI WATER FUND - EURO CLASS E (C)Benchmark16 Sep30 Sep14 Oct28 Oct11 Nov25 Nov9 Dec30 Dec13 Jan27 Jan10 Feb24 Feb10 Mar95100105110115120
* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since incentive of the fund.

All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

Past performance does not guarantee future returns.The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.

Portfolio Analysis

Repartition Invalid date

Management commentary

Effective date: 12/31/2022December was a month of two halves, with the market moving side-ways for much of the first half, followed by a swing in sentiment to more risk-off from mid-month to the end of the year.  While liquidity drying up was clearly a factor, so too was the focus shifting to a more concerning macro-outlook and what lies ahead in 2023, with a recession now very much the consensus view.  From a style perspective we saw our more ‘growth’ oriented names under pressure, while ‘value’ names found support.  From a broader market perspective, the more defensive market sectors like Utilities, Healthcare and Consumer Staples were the best performing, while IT and Consumer Discretionary were the worst performers and Energy was weak also.       
 
Within the Water portfolio, all three segments outperformed the market in December, with Utilities being the strongest, followed by Infrastructure and then Technology, which were closely tied.  Within Utilities, the Chinese names, which started to rebound in November as the government announced a revamp of the Covid Policy along with plans to boost support in the property market, continued their strength.  Within the Water Technology segment, while most of our high-quality, low volatility names were under pressure in the period, the strongest performers were more value oriented type stocks like European industrial Andritz and South Korean company Coway.  Within the Water Infrastructure segment, names exposed to US non-residential construction end markets, like Advanced Drainage, continued to weigh on performance.  

Characteristics

General data

Inception date
04/04/2023
Currency
EUR
Legal structure
ICAV
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Codification

ISIN code
IE00B4R1XF90
Bloomberg code
KBIWAEE ID
Reuters code
Valuation
Daily
Minimum initial investment
-
Minimum additional investment
-

Costs Composition

One-off costs upon entry or exitIf you exit after 1 year
Entry costsWe do not charge an entry fee for this product.€0
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.€0.00
Ongoing costs taken each year
Management fees and other administrative or operating costs0.66% of the value of your investment per year. This percentage is based on actual costs over the last year.€65.73
Transaction costs0.34% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.€34.00
Incidental costs taken under specific conditions
Performance feesThere is no performance fee for this product.€0.00

Documents

Documentation

CategoryLanguageDocumentsClosing Date
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi

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