SLIDE 1 1 As at December 2nd 2019
Only for professional investors. No delivery to private investors.
SDG Evolution Flexibel (balanced fund) Mayence Fair Value Bond Fund (fixed income fund)
Absolute Return-Strategies with european focus Suitable for conservative investors
SUSTAINABLE INVESTMENTS WITH HIGH ESG-QUALITY AND POSITIVE SDG-IMPACT
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SUSTAINABLE INVESTMENTS WITH HIGH ESG-QUALITY AND POSITIVE SDG-IMPACT
ESG PORTFOLIO MANAGEMENT
Agenda
- Overview of Sustainable Investments
- Investment Process of ESG Portfolio Management GmbH
- Investment Solutions: Our Funds
- Summary
- Contact
- Attachments
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3
ESG & SDG
ESG – Environmental, Social, Governance SDG – Sustainable Development Goals 2015 introduced by UN as „Agenda 2030“. 193 countries promised to work for these 17 goals:
SUSTAINABLE INVESTMENTS WITH HIGH ESG-QUALITY AND POSITIVE SDG-IMPACT
SLIDE 4 4
Sustainable Investments
Investments influence our environment and economy. Selecting issuers with high ESG qualities reduces the negative impact and the risk
Selecting corporations and countries with high positive SDG impact increases the portfolios‘ SDG impact. We expect - beginning 2019 - the regulatory requirement to report ESG qualities and CO2-emissions Constructing sustainable portfolios requires special research, compliance to standards and dedicated investment processes Certifications for sustainability such as UN PRI reporting and FNG-Siegel are gaining importance
SLIDE 5 5
Source: Forum nachhaltige Geldanlagen FNG, Study 2019
ESG in Germany – Sustainable Investments Sustainable Strategies in Germany (in bn. Euro)
SLIDE 6 6
ESG in Germany – Sustainable Investments Funds and Mandates (in bn. Euro)
Source: Forum nachhaltige Geldanlagen FNG, Study 2019
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Development of Sustainable Investments
2016 Introduction of SDG: 193 countries agree to 17 goals and 169 sub- goals 2012 Morgan Stanley starts the Investing with Impact Platform (IIP) 2010 Harvard starts Initiative for responsible investments (IRI) 2009 Bloomberg integrates significant sustainability news and ESG data 2006 Foundation of UN PRI (Principles for Responsible Investing Signatories‘ AuM: 4 tn. $ 2006 Impact-Investing is endorsed by Rockefeller- endowment 2001 Fondation: FNG Forum Nachhaltiger Geldanlagen e.V. 2000 Pension funds in Norway and U.S.A commit to sustainability 1986 Nuclear desaster in Tschernobyl 1898 Founding of Friends Fiduciary with sustainable investment guidelines 2018 Founding ESG Portfolio Management GmbH
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ESG Portfolio Management GmbH
Positive Impact Solutions towards the SDGs Strict Exclusion Criteria for selecting corporations and countries Focusing on Issuers with low CO2- emissions High ESG Qualities
positions Aiming for Performance also in difficult market environment using active risk management SUSTAINABLE INVESTMENTS WITH HIGH ESG-QUALITY AND POSITIVE SDG-IMPACT
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9
ESG Portfolio Management GmbH
SUSTAINABLE INVESTMENTS WITH HIGH ESG-QUALITY AND POSITIVE SDG-IMPACT
Positive Impact Solutions High ESG Qualities Strict Exclusion Criteria Low CO2-emissions Active Risk Management Majority in European corporations with high credit quality Selective investments in impact bonds Prudent portfolio construction Risk reduction with Put-options. SDG Evolution Flexibel Conservative balanced fund Equity weighting: average 30 percent Mayence Fair Value Bond Fonds Conservative fixed income fund Average credit rating min. BBB
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SDG Impact Measurement for SDG Evolution Flexibel
Source: MSCI ESG, December 2nd 2019, own calculations
41.4% 2.0% 17.3% 16.0% 2.4%
SLIDE 11 11 Source: http://www.xylem.com
Example Impact Bond: 2,25% Xylem INC. 2023
very positive Impact for SDG 6
- Xylem INC. is a designer, manufacturer and service provider for water and wastewater applications
- The company addresses the full-cycle of water from collection, distribution and return to the environment
- In February 2019 Xylem INC. received an ESG Rating upgrade to AAA from MSCI ESG. The reasons have been
the further reduction of waste and the increasing focus on research and development of new products
Both funds of ESG Portfolio Management invested in this bond
SLIDE 12 12 Source: https://www.novonordisk.com/research-and-development.html
Example: Impact Equity: Novo Nordisk A/S
Very positive Impact for 2
SDGs
- Global pharmaceutical company with focus on Diabetes (Insulin supply)
- Novo Nordisk understands the SDGs as opportunities and uses them for orientation and implements
them in their business strategy and processes
- (https://www.novonordisk.com/sustainable-business/performance-on-tbl/more-about-how-we-work-and-
report/the-sustainable-development-goals.html)
The fund SDG Evolution Flexibel is invested in this equity
SLIDE 13 13 Source: https://www.nachhaltigkeit.nrw.de/fileadmin/download/nrw-nachhaltigkeitsstrategie_broschuere.pdf
Example: Green Bond: 1,1% NRW 2034
Very positive Impact for 6 of the 17 SDGs
- 15-year green bond of the state Nordrhein-Westfalen, volume EUR 2,25 bn.
- The sustainability strategy of NRW includes goals like social fairness, alternative energy, climate
protection and sustainable public transport
- Moody‘s Aa1, S&P AA-, Fitch AAA
- Issuance at March 6th 2019 at 99,835 (Swap + 10), price October 15th 2019: 113.17 (Swap - 1)
Boths funds of ESG Portfolio Management invested in this bond
SLIDE 14 14 Source: http://www.hylea1884.com/de/
Example Impact Bond: 7,25% Hylea Group S.A. 2022
very positive Impact for 6
SDGs Source: imug
- Founded 1884, since 1919 trading with brazil nuts of highest quality
- Hylea protects ca. 10 Mio. ha. rainforests, as brazil nut trees only grow within intact rainforests.
- Hylea established it‘s own marketing brand and integrates end consumers into the value chain.
- Healthy margins enable Hylea to pay high wages and to invest in local schools and infrastructure.
Both funds of ESG Portfolio Management invested in this bond
SLIDE 15 15 Source: http://www.lichtmiete.de
Example Impact Bond: 5,75% Deutsche Lichtmiete 2023
Very positive Impact for 3
- f 17 SDG‘s
- Deutsche Lichtmiete AG offers energy efficient rental LED lights
- Energy savings exceed rental costs
- Significant clients like Unilever, Clariant, Knorr-Bremse and Saint-Gobain
- Deutsche Lichtmiete received the Deutschen Exzellenzpreis award in 2018 and 2019
The bond fund invested in Deutsche Lichtmiete 2023
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Example ESG Risks: Vale, January 25th 2019
Tailings dam collapse of the mining company Vale near the brazilian town of Brumadinho 300 persons died Pollution of surrounding water
Source: Der Spiegel, February 8th 2019
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17
Our ESG rating provider MSCI ESG assigned Vale a weak B rating even before the tailing dam collapse
As the minimum ESG rating of our investments is BBB, we did not own any Vale bonds or equity
Source: MSCI ESG, January 30th 2019
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18
Source: https://www.bwi.uni-stuttgart.de/abt3/files/forschung/Forschungsbericht-1-19-Klein.pdf
Quantitative Credit Rating Models including ESG factors
SLIDE 19 19
Carbon Footprint is relevant for credit quality
Source: https://www.bwi.uni-stuttgart.de/abt3/files/forschung/Forschungsbericht-1-19-Klein.pdf
Quantitative Credit Rating Models including ESG factors
Source: MSCI ESG Research: “The Greenhouse Gas Mitigation Strategy Score (ranging from 0 to 10) is calculated based on the combination of the three mitigation data points: 1) Use of cleaner sources of energy: This data point indicates our assessment of how aggressively the company has sought to mitigate its carbon emissions through the use of cleaner sources of energy such as solar, wind, geothermal, co-generation, or natural gas in place of oil or coal. 2) Energy consumption management and operational efficiency enhancements. This data point indicates our assessment
- f how aggressively the company has sought to mitigate its carbon emissions by managing energy consumption and
improving the energy efficiency of its operations. 3) CDP disclosure: This data point indicates whether the company reports its carbon emissions to the CDP. Possible values: 'Yes' or 'No’. “
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Module 6: Quantitative credit rating models including ESG factors
Source: Bloomberg, MSCI ESG, ESG Portfolio Management
We use the model for screening and simulations
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The exclusions of our funds are extensive and strict:
We control our exclusions with ESG Screen 17 (www.screen17.com) Corporates are excluded when they operate in the areas: Weapon production Nuclear energy Coal or fracking Oil sands Companies are excluded when they generate more than five percent of sales in the areas: alcohol, gaming, pornography, oil, tobacco, gene technology or animal testing Countries are excluded when they are involved in Severe controversies, death penalty, conflicting human rights, corruption (source: Transparency International), or conflicting with non-proliferation treaty, authoritarian regime (source: Freedom House Ranking)
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22
Exclusions: Considering unwanted consequences
Example 1: Reduce carbon-emissions – Investments in utilities are not allowed Question: Do you use heating in a cold winter? Possible solution: Only invest in utilities with highest energy efficiency and best filter technology Example 2: No tobacco Question: What about supermarkets? Possible solution: No investment, if the company generates more than five percent of sales with tobacco
SLIDE 23 23 Source: MSCI ESG, December 2nd 2019, https://fondstrends.lu/produkte-und-vertrieb/erfahrungsbericht-unsere-bewerbung-um-das-fng-siegel/
Extremely high ESG Quality of our funds and transparent reporting
- ESG Scores of 9,2 (Flexibel) and 9,9 (Mayence) are record result (Maximum:10)
- Flex receives 5 Morningstar Globes (highest sustainability assessment)
- 85% of our positions in Flexibel und 82% of our Positions in Mayence are ESG leader
in their sectors (ESG Ratings AAA / AA)
- 5% of the positions in Flexibel and 14% in Mayence got an upgrade, whereas we did
not get any ESG downgrade in both funds‘ positions
- Both funds receive the highest scores of the most valuable certification of
sustainable funds in Germany
SLIDE 24
24 Source: MSCI ESG, December 2nd 2019
SLIDE 25 25
Lower Carbon Footprint and transparent Reporting
*the historic CO2-Values are linked to the current (funds and benchmarks) and are calculated backwards for every corporation
Development of the ESG quality, SDG impact and carbon emissions of the Flex Fund compared to the benchmark (iShares MSCI Europe ESG Screened UCITS ETF).
Source: MSCI ESG, December 2nd 2019
SLIDE 26 26
Task Force on Climate-related Financial Disclosures
Source: CDP Workshop, Frankfurt, 27.9.2019
SLIDE 27 27
Task Force on Climate-related Financial Disclosures
Sources: https://www.fsb.org/wp-content/uploads/P290617-5.pdf, p. 14 https://www.cdsb.net/sites/default/files/tcfd_good_practice_handbook_a4.pdf
SLIDE 28 28
Scenario Analysis can help organizations..
- consider climate change issues with following characteristics
possible outcomes that are highly uncertain
- utcomes that will play out over the medium to longer term
potential disruptive effects that, due to uncertainty and complexity, are substantial
- frame and assess the potential range of plausible business, strategic and financial impacts from
climate change and the associated management actions
- identify indicators to monitor the external environment and better recognize when the
environment is moving toward a different scenario state
In conducting Scenario Analysis, organizations should strive to achieve:
- transparency around parameters, assumptions, analytical approaches and time frames
- comparability of results across different scenarios and analytical approaches
- adequate documentation for the methodology, assumptions, data sources and analytics
- consistency of methodology year over year
- sound governance scenario analysis conduct, validation, approval and application
- effective disclosure of scenario analysis that will inform and promote a constructive dialogue
between investors and organizations on the range of potential impacts and resilience of the
- rganization’s strategy under various plausible climate-related scenarios
Source: https://www.fsb.org/wp-content/uploads/P290617-5.pdf
SLIDE 29 29
Applying the TCFD recommendations in in CSR guideline
Source: CDP Workshop, Frankfurt, 27.9.2019
Task Force on Climate-related Financial Disclosures Task Force on Climate-related Financial Disclosures
SLIDE 30 30
Clima: forecasts and goals
Source: CDP Workshop, Frankfurt, 27.9.2019
Task Force on Climate-related Financial Disclosures
SLIDE 31 31
Tool1) Climetrics
Source: CDP Workshop, Frankfurt, 27.9.2019
Task Force on Climate-related Financial Disclosures
- Email. N. Fettes, Head of Climetrics, CDP, 1.10.2019:
„Climetrics bewertet aktuell nur Aktien- und Mischfonds. Für den SDG Evolution Flex habe ich ein Rating von 4/5 Blättern. Dass der Fonds kein T
- p Rating besitzt, liegt an unserer Asset Manager Bewertung. Hier spielt zunächst eine Rolle, dass der SDG Fonds
in Lipper nicht ESG Portfolio Management zugeordnet ist, sondern „Baader & Heins Capital Management“. „
SLIDE 32 32
Tool 2) MSCI ESG TCFD Disclosure
Source: file:///C:/Users/Christoph%20Weil/Documents/ESG%20PM/ Research/ESG/Carbon/MSCI%20TCFD.pdf, p. 29.
Task Force on Climate-related Financial Disclosures
SLIDE 33 33
Tool 3) Paris Agreement Capital Transition Assessment Project (PACTA)
Source: https://2degrees-investing.org/pacta/, as at 30.9.2019
Task Force on Climate-related Financial Disclosures
SLIDE 34 34
Where does the performance come from?
Equities:
- Dividends
- Equity exposure x equity-portfolio-beta x equity
market movement
- Active management of equity allocation and equity
beta
- Alpha from title selection
- Fat tail risk management with equity puts
Performance sources of the SDG Evolution Flexibel
- Possible net equity range -10% bis 60% (average ca. 30 %)
- Bonds 65% and Cash/Gold (5%)
Bonds:
- Interest duration
- Managing interest duration and credit
beta
- Credit duration
- Carry and roll down
- Alpha from title selection
SLIDE 35 35
base case (Equities+7%, Yields+0,5) best (E+10%, Y flat, Spreads -10Bp) worst (E-10%, Y-1, Spreads +20Bp) Equity exposure x equity-portfolio-beta x equity market development 2,3 3
Equity exposure x dividend yield (average: 2,5%) 0,75 0,75 0,75 Active Management of equity allocation and beta 0,5 0,5 Alpha from equity selection 0,5 1
Fat tail management with equity options
0,8 Interest duration (currently -2) 1
Active Management of interest duration and credit beta 0,5 1
Credit duration (currently 4) 0,26
Carry and roll down 0,33 0,33 0,33 Alpha from bond selection 0,5 1
Cash
Sum 6,3 7,7
Where does the performance come from? Scenario analysis
Historic performance is no indication for future performance
Source: own estimates and calculations
SLIDE 36 36 Source: Universal Investment, December 2nd 2019 Since July 2018 ESG Portfolio Management GmbH advises the fund
SDG Evolution Flexibel AK I
ISIN: WKN: Currrency: Volume: Total fund size: DE000A1W9AZ5 A1W9AZ EUR 10,476,865 EUR 11.7 Mio. EUR Cumulated performance (in %) 1 M 1 J 3 J 5 J Since inception KJ 2016 2017 2018 Fund 1.18
3.34
3.08 1.86
5.12
Fund p.a. 1.10
0.51 Monthly performance (in %) - ESG Portfolio Management GmbH advises since July 2018 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD 2014
0.75 0.68
1.08 0.30
2.11
1.60 2015 3.23 2.58 0.63
1.52
4.00 1.90
2.19 2016
1.21
0.64 0.50
1.41
2017 0.16 1.13 1.51 0.85 0.28
0.34
2.96 0.84
5.12 2018 0.92
1.38
1.16
0.42
2019 1.78 1.65 0.44 1.17
0.03
1.18 1.86
SLIDE 37 37
* since July 2nd 2018 ESG Portfolio Management GmbH advises the Skalis Evolution Flex On November 15th 2018, the fund paid a distribution of von 2,87 EUR per unit.
Source: Universal Investment, December 2nd 2019
SLIDE 38
38
SDG Evolution Flexibel – attribution analysis 1.1.2019 - 29.11.2019
Source: Universal Investment, November 29th 2019
SLIDE 39 39
SDG Evolution Flexibel – attribution analysis 1.1.2019 - 1.10.2019
Equity performance Before hedges: 28.98% (DAX: 23.72%, EuroStoxx50: 21.41%) 9.61% for the fund. Equity options draggedYTD 2.67% (in Q4 2018 the put options reduced the draw downs significantly) Bond performance Before hedges: 7.38%, here the interest hedges dragged 7.29% The performance of SDG Evolution Flexibel would have been 9.96% better
Analysis: The micro decisions have been good, the macro positioning wereYTD very poor (especially the BTP short) Conclusion: We will focus on our strengths and will reduce the size of our derivative positions in the future. We will trade derivatives more tactically.
Source: Universal Investment, Bloomberg, November 29th 2019
SLIDE 40 40 Since February 2019 ESG Portfolio Management GmbH advises the fund
Mayence Fair Value Bond Fonds
ISIN: WKN: Currency: Total fund size: DE000A2AQZE9 A2AQZE EUR 21,512,373 EUR Cumulated performance (in %) 1 M 1 J 3 J 5 J Since inception KJ 2016 2017 2018 Fund
Fund p.a.
Monthly Returns (in %) - ESG Portfolio Management GmbH advises since February 2019 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD 2017
1.62
1.04
0.09 0.39 0.79
0.03 1.58 2018
0.07
0.61
1.31
0.81
2019 1.06 0.63
0.68 0.01
0.07
0.12
Source: Universal Investment, December 2nd 2019
SLIDE 41 41
* On February 15th 2019 the fund distributed 1,75 EUR per unit since February 1st 2019 ESG Portfolio Management GmbH advises this fund
Source: Universal Investment, December 2nd 2019
SLIDE 42 42
Risk Management
Actively using suitable instruments for risk management:
- Reduction of equity exposure with put options for relevant equity indices like
DAX or EuroStoxx and careful selection of portfolio weightings, strikes and maturities to remain cost efficient and to introduce a positive convexity to the portfolios
- In volatile market conditions we use tactical positions for the short term and
anticyclical positions for the longer term.
- Managing the interest duration using various instruments to avoid the „Bund
Future Squeeze Risk“
SLIDE 43 43
Fund data
Tranches SDG Evolution Flexibel AK I SDG Evolution Flexibel AK R SDG Evolution Flexibel AK S Mayence Fair Value Bond Fonds Share class Institutional Retail Seed
A1W9AZ A1W9AA A1W9A0 A2AQZE ISIN DE000A1W9AZ5 DE000A1W9AA8 DE000A1W9A02 DE000A2AQZE9 Volume 10,476,865 EUR 262,739 EUR 970.765 EUR 21,512,373 EUR
From 100.000 EUR Unlimited From 10 mio EUR Ab 25.000 EUR Distribution Distributing Distributing Distributing Distributing Current benchmark No benchmark No benchmark No benchmark No benchmark Costs (As at May 2 nd 2019) Total costs* p.a. 1.14% 2.16% 0.69% 1.12% Advisor ESG Portfolio Management GmbH ESG Portfolio Management GmbH Investment Management Company Universal-Investment-Gesellschaft mbH Universal-Investment-Gesellschaft mbH Custodian State Street Bank International GmbH
- Joh. Berenberg, Gossler & Co. KG
*related to the last year and estimate for new funds
Source: Universal Investment, December 2nd 2019
SLIDE 44 44
Summary
We offer investment solutions
- Positive impact towards the Sustainable Development Goals
- Positions in corporations and countries with high ESG quality
- Incorporating strict exclusion criteria
- Relatively low CO2-emissions
- Prudent portfolio construction using different performance drivers
- Active risk management to reduce losses
- Permanent and transparent reporting
SLIDE 45 45
Managing Partner
- Successful Credit Analyst and Portfolio Manager since 1998
- Bankkaufmann Deutsche Bank Bremen, 1991-1993
- Diplomkaufmann Universität Trier, 1999
- Visiting Scholar New
York University, 2000
- Credit Analyst at Deutsche Bank, 1998 - 2000
- Credit Portfolio Manager at Deutsche Asset Management, 2000 - 2004
- Credit Hedge Fonds Manager at Credaris and Tripoint, 2004 - 2007
- Managing Director, Head Non-Financial Credit, Head ESG Credit,
Senior Multi Asset Manager at Deutsche Asset Management, 2007 - 2017
- Partner and Portfolio Manager nordIX AG, 2017 - 2018
- 2018: Founding ESG Portfolio Management GmbH
- Long term member of UN PRI Fixed Income Working Group
- Lecturer at Frankfurt University of Applied Sciences and DVFA
- Head DVFA Bond Commission and member of DVFA Sustainable Investing Commission
- Volunteer at CFA Institute
Christoph Klein CFA, CEFA
SLIDE 46 46
Co-Portfolio Manager
- More than 20 years of professional equity experience
- Advised as equity analyst many fund managers regarding equity selection
- Head of the technology sector research team at Sal. Oppenheim
- Multiple winner as Germany‘s best telecom analyst
- Contributed to more than 40 capital market transactions
- Head of the audit committee at the supervisory board of the T
ecDax-company Drillisch AG, until October 2017
- Portfolio Manager of the fund Universal – AHP Aristoteles UI
- Managing Partner of AHP Capital Management
Frank Rothauge CFA
SLIDE 47 47
Advisory Board
- Dr. Bob Buhr
- Founder and Direktor Green Planet
Consulting Ltd.
- Honorary Research Fellow at the Center for
Climate Finance and Investment at Imperial College Business School.
- previously Managing Director at Citigroup
und Director at Societe Generale
- Prof. Dr. Edward Altman
- Director of the Credit and Fixed Income Research
Programme at NYU Salomon Centers
- Professor for Finance at Stern School of Business
(NY University)
- Internationally famous expert for credit risk analysis
- In 2005 Dr. Altman was named by Treasury & Risk
Management as one of the 100 most influential financial experts
- Internationally known experts in the fields of credit analysis and asset management
- Valuable input and feedback
- Active support in portfolio management
SLIDE 48
48
Our Partners
SLIDE 49
49
We are active signatories of the UN PRI
1.
We will implement ESG in our decision making processes
2.
We will be active owners
3.
We will support transparency
4.
We will work to enhance the values in the financial industry
5.
We will cooperate to increase the effectiveness
6.
We will report about our activities and progress
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50
ESG Portfolio Management received a very positive assessment for its PRI report
Source: PRI 2019 https://www.esg-portfolio-management.com/wp-content/uploads/2019/07/2019-Assessment-Report- for-ESG-Portfolio-Management.pdf
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51
Contact
ESG Portfolio Management GmbH Christoph Klein, CFA, CEFA Weißfrauenstraße 12-16 60311 Frankfurt am Main Mail: klein@esg-pm.com Phone: +49 151 50408817 www.esg-portfolio-management.com
SLIDE 52
52 Source: MSCI ESG, December 2nd 2019
SLIDE 53
53
Break MSCI SDG values down to the 17 SDGs Explanation Impact Measurement Method
For the SDG impact measurement of our funds, we have constructed our own measurement model based on the MSCI ESG Research Tool. Since MSCI ESG Inc. relates the impact measurement to 11 subject areas, the challenge was to meaningfully assign these 11 topics to the 17 SDG’s. This enables an impact measurement on the respective goals. The figures in the tables above reflect the estimated annual sales that companies achieve with products and services that offer sustainable impact solutions based on a $ 1 million investment in the portfolio or a hypothetical $ 1 million investment used to replicate the benchmark.
SLIDE 54
54 Source: MSCI ESG, December 2nd 2019, own calculations 1 No poverty 2 Zero hunger 3 Good health and well-being 4 Quality education 5 Gender equality 6 Clean water and sanitation 7 Sustainable energy 8 Decent work and economic growth 9 Industry, innovation and infrastructure 10 Reduce inequalities 11 Sustainable cities and communities 12 Sustainable consumption and production 13 Climate action 14 Life below water 15 Life on Land 16 Peace, justice and strong institutions 17 Partnerships for the goals Flexibel as at November 29th 2019 MSCI ESG Area MSCI ESG Theme USD according to MSCI ESG SDG Basic Needs Nutrition 16.529 2 Affordable Real Estate 2 1 Major Desease Treatment 4.394 3 Sanitation 7.482 6 Empowerement Education 19.661 4 SME Finance 700 1, 8 Climate Change Alternative Energy 35.914 7 Energy Efficiency 95.032 7 Green Building 9.506 9, 11 Natural Capital Sustainable Water 7.551 6 Pollution Prevention 141.525 12 Sum (without Hylea) 338.296 41,4% 2 Factor 817.140 100% in % 352 0,0 16529 2,0 4394 0,5 19661 2,4 0,0 15033 1,8 130946 16,0 350 0,0 4753 0,6 0,0 4753 0,6 141525 17,3 0,0 0,0 0,0 41,4%
SLIDE 55
55
SDG Impact Measurement for Mayence Fair Value Bond Fonds
33% 13.8% 12.8%
Source: MSCI ESG, December 2nd 2019, own calculations
1.6% 1.9%
SLIDE 56
56 1 No poverty 2 Zero hunger 3 Good health and well-being 4 Quality education 5 Gender equality 6 Clean water and sanitation 7 Sustainable energy 8 Decent work and economic growth 9 Industry, innovation and infrastructure 10 Reduce inequalities 11 Sustainable cities and communities 12 Sustainable consumption and production 13 Climate action 14 Life below water 15 Life on Land 16 Peace, justice and strong institutions 17 Partnerships for the goals Source: MSCI ESG, December 2nd 2019, own calculations Mayence as at November 29th 2019 MSCI ESG Area MSCI ESG Theme USD according to SDG Basic Needs Nutrition 16.529 2 Affordable Real Estate 2 1 Major Desease Treatment 4.394 3 Sanitation 7.482 6 Empowerement Education 19.661 4 SME Finance 700 1, 8 Climate Change Alternative Energy 35.914 7 Energy Efficiency 95.032 7 Green Building 9.506 9, 11 Natural Capital Sustainable Water 7.551 6 Pollution Prevention 141.525 12 Sum (without Hylea) 338.296 33,0% 3 Factor 1.025.139 100% in % 352 0,0 16529 1,6 4394 0,4 19661 1,9 0,0 15033 1,5 130946 12,8 350 0,0 4753 0,5 0,0 4753 0,5 141525 13,8 0,0 0,0 0,0 33,0%
SLIDE 57 57
Lower Carbon Footprint and transparent Reporting
*the historic CO2-Values are linked to the current (funds and benchmarks) and are calculated backwards for every corporation
Development of the ESG quality, SDG impact and carbon emissions of the Mayence Fair Value Bonds Fonds compared to the benchmark (db x-trackers II ESG EUR Corporate Bond UCITS ETF).
Source: MSCI ESG, December 2nd 2019
SLIDE 58 58
Important Information & Disclaimer This information is intended exclusively for professional customers or suitable counterparties as defined in the WpHG and is not intended for private customers. This advertisement does not constitute investment advice. No guarantee is given as to the accuracy and completeness of the information and any liability for any damage resulting from the use and / or disclosure of this information is rejected. The information is directed only at investors in the countries in which the respective fund is authorized for distribution. They are not intended for publication or use by persons or companies in a country in which the fund is not authorized for distribution. In particular, the units of the respective fund may not be offered for sale or sold within the USA nor to or for the account of US citizens or US persons resident in the USA. The documents published here and the information contained therein may not be distributed in the USA or in other countries in which distribution is not permitted. The fund portrait is for information purposes only and does not constitute investment advice or solicitation to buy or sell shares in the
- fund. The sole basis for the purchase of units is the sales documents (key investor information, sales prospectus, annual and semi-annual
reports) relating to the fund. Sales documents relating to all of the investment funds of Universal-Investment are available free of charge from your adviser / broker, the responsible depositary or Universal-Investment at http://www.universalinvestment.com. The fund has increased volatility due to its composition and investment policy, which means that unit prices may be subject to significant upward and downward fluctuations within a short period of time. Calculations or yield data are not to be understood as a yield commitment; they are purely indicative and based on data and assumptions that may possibly not be realized in practice, only in a different form or at different times. As a result, there is a risk that, in reality, lower returns or even losses, even total loss, will be achieved. Past performance is no indication of future performance. ESG Portfolio Management GmbH, headquartered in Frankfurt am Main, is an owner-managed company with core competence in bank- independent advice on capital market products. It develops tailor-made solutions for professional investors in order to generate sustainably adequate income despite rather low risk budgets. ESG Portfolio Management is initiator and advisor to the funds Skalis Evolution Flex and Mayence Fair Value Bond Fonds. The information may not be reproduced in extracts or as a whole without the written permission of the creator or passed on to other
- persons. ESG Portfolio Management GmbH is part of the investment brokerage of financial instruments and investment advice pursuant to
- Sec. § 1 KWG exclusively on account and under the liability of AHP Capital Management GmbH, Weißfrauenstraße 12-16, 60311 Frankfurt
am Main, active (§ 2 para 10 KWG).
