Morningstar Fund Report  | 03/04/2025Print

BNP Paribas Funds Climate Change I Capitalisation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
BNP Paribas Funds Climate Change I Capitalisation
Fund16.2-16.86.3-0.7-8.2
+/-Cat1.2-3.91.5-3.5-3.8
+/-B’mrk-3.4-9.1-8.9-20.0-3.9
 
Category: Sector Equity Ecology
Category Benchmark: Morningstar Global TME NR USD
Key Stats
NAV
01/04/2025		 EUR 306.49
Day Change 0.58%
Morningstar Category™ Sector Equity Ecology
ISIN LU0406802768
Fund Size (Mil)
01/04/2025		 EUR 1698.56
Share Class Size (Mil)
01/04/2025		 EUR 281.91
Max Initial Charge -
Ongoing Charge
28/02/2025		  1.31%
Morningstar Research
Analyst Report13/06/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

This is a long-standing approach that has seen a strong and consistent execution. It resides in a topnotch team with unmatched resources. Increased conviction in this team drives an upgrade of the Morningstar Analyst Rating to Gold for the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent23
Process24
Performance
Price
Investment Objective: BNP Paribas Funds Climate Change I Capitalisation
Increase the value of its assets over the medium term by investing primarily in companies involved in activities focused on delivering solutions for climate change and helping to accelerate the transition a more sustainable world. This thematic sub-fund aims to invest in companies that are delivering solutions to address climate change. At all times, this sub-fund invests at least 75% of its assets in equities and/or equity equivalent securities, issued by companies with business in activities focused on delivering solutions to address climate change.
Returns
Trailing Returns (GBP)01/04/2025
YTD-7.67
3 Years Annualised-3.94
5 Years Annualised9.47
10 Years Annualised8.23
12 Month Yield 0.00
Management
Manager Name
Start Date
Jon Forster
20/12/2012
Fotis Chatzimichalakis
01/10/2021
Click here to see others
Inception Date
12/11/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR EURMorningstar Global TME NR USD
Portfolio Profile for  BNP Paribas Funds Climate Change I Capitalisation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash1.080.001.08
Other0.000.000.00
Top 5 Regions%
United States53.52
Eurozone13.45
United Kingdom10.44
Europe - ex Euro6.48
Australasia3.58
Top 5 Sectors%
Industrials46.72
Technology22.81
Utilities12.22
Basic Materials6.97
Healthcare3.87
Top 5 HoldingsSector%
Brambles LtdIndustrialsIndustrials3.54
Delta Electronics IncTechnologyTechnology3.29
Trimble IncTechnologyTechnology3.25
Cadence Design Systems IncTechnologyTechnology3.04
PTC IncTechnologyTechnology2.88
Increase Decrease New since last portfolio
BNP Paribas Funds Climate Change I Capitalisation
Growth Of 1000 (GBP) 31/03/2025
Fund:  BNP Paribas Funds Climate Change I Capitalisation
Category:  Sector Equity Ecology
Category Index:  Morningstar Global TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.3629.4529.1616.22-16.836.34-0.69-8.20
+/- Category3.375.910.291.19-3.911.49-3.51-3.77
+/- Category Index-3.857.8916.91-3.45-9.12-8.90-19.98-3.92
% Rank in Category2110334779466888
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.58   0.320.42
1 Week-3.66   -0.74-1.97
1 Month-6.80   -1.71-1.16
3 Months-7.67   -2.43-2.99
6 Months-11.77   -4.12-13.22
YTD-7.67   -2.43-3.98
1 Year-11.41   -3.99-17.01
3 Years Annualised-3.94   -1.38-11.53
5 Years Annualised9.47   1.45-5.45
10 Years Annualised8.23   2.59-2.11
 
Category: Sector Equity Ecology
Category Index: Morningstar Global TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-8.20---
20243.46-3.964.98-4.79
20234.391.21-6.938.15
2022-9.29-10.251.051.09
20211.667.803.092.87
2020-18.8722.2911.3716.89
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearAverageAbove Average3 star
10-YearAbove AverageAbove Average4 star
Overall*AverageAbove Average3 star
 
Category :  Sector Equity EcologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.73 %
3-Yr Mean Return-2.54 %
 
3-Yr Sharpe Ratio-0.39
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Global TME NR USD  Morningstar Gbl SMID NR USD
3-Yr Beta1.251.14
3-Yr Alpha-11.08-6.61
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 13680-
Market Capitalisation% of Equity
Giant4.49
Large21.47
Medium50.63
Small23.41
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.011.11
Price/Book2.690.90
Price/Sales2.351.13
Price/Cash Flow14.781.15
Dividend-Yield Factor1.490.86
 
Long-Term Projected Earnings Growth12.991.27
Historical Earnings Growth4.510.48
Sales Growth5.411.04
Cash-Flow Growth11.191.14
Book-Value Growth11.491.36
 
Category: Sector Equity Ecology
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash1.080.001.08
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States53.520.98
Canada2.890.96
Latin America1.765.61
United Kingdom10.442.02
Eurozone13.450.62
Europe - ex Euro6.480.93
Europe - Emerging0.000.00
Africa0.00-
Middle East0.000.00
Japan3.390.80
Australasia3.585.92
Asia - Developed3.331.57
Asia - Emerging1.160.83
 
Category: Sector Equity Ecology
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.970.94
Consumer CyclicalConsumer Cyclical3.600.50
Real EstateReal Estate2.361.15
Consumer DefensiveConsumer Defensive1.440.43
HealthcareHealthcare3.870.63
UtilitiesUtilities12.221.77
IndustrialsIndustrials46.721.45
TechnologyTechnology22.810.93
 
Category: Sector Equity Ecology
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings49
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.99
NameSectorCountry% of Assets
Brambles Ltd310Australia3.54
Delta Electronics Inc311Taiwan3.29
Trimble Inc311United States3.25
Cadence Design Systems Inc311United States3.04
PTC Inc311United States2.88
Boralex Inc Class A207Canada2.86
Novonesis (Novozymes) B Class B101Denmark2.86
Veolia Environnement SA310France2.80
Halma PLC310United Kingdom2.74
Ormat Technologies Inc207United States2.72
 
Increase Decrease New since last portfolio
Category: Sector Equity Ecology
 
Management
Name of CompanyBNP Paribas Asset Management Luxembourg
Phone+352 2646 3017
Websitewww.bnpparibas-am.com
Address10 rue Edward Steichen
 Hesperange   L-2540
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date12/11/2009
Fund Advisor(s)
Impax Asset Management Ltd
BNP Paribas Asset Management UK Limited
Fund ManagerJon Forster
Manager Start Date20/12/2012
Career Start Year1994
Education
1994, Leeds University, BSc
 
Biography
Jon co-manages the Specialists strategy with Bruce Jenkyn-Jones and Fotis Chatzimichalakis. He specializes in New Energy, Water and Waste Support Services. Jon researches stocks globally with a focus on Industrials and Utilities. Jon joined Impax in August 2000. He began his career working with both private and quoted companies in 1994. Following his graduation university Jon spent four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years as a consultant to venture capital investor Alchemy Partners with particular focus on manufacturing and resource management companies. Jon has a BSc in Management Studies from Leeds University.
Fund ManagerFotis Chatzimichalakis
Manager Start Date01/10/2021
Career Start Year2015
Education
2012, National Technical University (Athens), MEng
2014, University of Edinburgh, MSc
 
Biography
Fotis is a Co-Portfolio Manager of Impax’s Specialists and Climate strategies. He researches stocks globally and specialises in Information Technology and Industrials. Fotis joined Impax in 2015. He has a background in engineering and joined Impax after graduating from the University of Edinburgh with an MSc focused on Sustainable Energy and Finance. He interned with Impax’s Listed Equities team from the beginning of 2015 and prior to that completed work experience at Barchester Green Investment. Fotis is a CFA® Charterholder.
Fund ManagerSanjeev LAKHANI
Manager Start Date01/07/2024
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.10%
Ongoing Charge1.31%
Purchase Details
Minimum Investments
Initial3000000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo