Morningstar Fund Report  | 01/04/2025Print

Pictet - Clean Energy Transition P EUR

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Pictet - Clean Energy Transition P EUR
Fund13.4-17.519.96.0-5.1
+/-Cat13.0-11.432.517.0-2.7
+/-B’mrk1.9-15.818.65.0-4.7
 
Category: Sector Equity Alternative Energy
Category Benchmark: Morningstar Gbl Renew Enrg ...
Key Stats
NAV
31/03/2025		 EUR 137.32
Day Change -2.25%
Morningstar Category™ Sector Equity Alternative Energy
ISIN LU0280435388
Fund Size (Mil)
31/03/2025		 USD 2879.25
Share Class Size (Mil)
31/03/2025		 EUR 547.94
Max Initial Charge 5.00%
Ongoing Charge
07/02/2025		  1.99%
Investment Objective: Pictet - Clean Energy Transition P EUR
To increase the value of your investment while seeking to achieve a positive environmental impact. The Fund invests at least two-thirds of its net assets in companies supporting the structural change towards a sustainable, low-carbon economy, helping to reduce greenhouse gas emissions and air pollution. The Fund invests mainly in companies whose significant proportion of their activities (as measured by turnover, enterprise value, earning before interests and taxes, or similar metrics) are related to, but not limited to, renewable energy, technologies that reduce CO2 emissions or energy consumption in areas such as industry, buildings or transportation, and enabling technologies and infrastructure that are critical preconditions for the transition to a low carbon economy, such as energy storage, power semiconductors and investments into the power grid.
Returns
Trailing Returns (GBP)31/03/2025
YTD-13.91
3 Years Annualised-0.15
5 Years Annualised11.37
10 Years Annualised6.85
12 Month Yield 0.00
Management
Manager Name
Start Date
Xavier Chollet
01/04/2011
Manuel Losa
01/04/2021
Click here to see others
Inception Date
14/05/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USDMorningstar Gbl Renew Enrg NR USD
Portfolio Profile for  Pictet - Clean Energy Transition P EUR31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.570.0098.57
Bond0.060.000.06
Property0.000.000.00
Cash1.660.291.37
Other0.000.000.00
Top 5 Regions%
United States69.91
Eurozone23.71
Europe - ex Euro3.04
Latin America2.21
United Kingdom1.13
Top 5 Sectors%
Technology52.32
Industrials20.79
Utilities16.78
Basic Materials7.14
Consumer Cyclical2.97
Top 5 HoldingsSector%
Broadcom IncTechnologyTechnology6.83
Marvell Technology IncTechnologyTechnology5.68
TopBuild CorpIndustrialsIndustrials4.60
Applied Materials IncTechnologyTechnology4.57
Trane Technologies PLC Class AIndustrialsIndustrials4.49
Increase Decrease New since last portfolio
Pictet - Clean Energy Transition P EUR
Growth Of 1000 (GBP) 28/02/2025
Fund:  Pictet - Clean Energy Transition P EUR
Category:  Sector Equity Alternative Energy
Category Index:  Morningstar Gbl Renew Enrg NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-13.8129.3547.1613.37-17.4619.935.97-5.11
+/- Category-1.052.95-24.0913.02-11.4432.5117.04-2.68
+/- Category Index--24.141.91-15.7918.605.02-4.66
% Rank in Category49406719852685
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-2.25   -1.16-1.59
1 Week-7.51   -4.37-5.51
1 Month-9.28   -5.91-7.53
3 Months-13.91   -6.93-11.33
6 Months-11.13   3.49-6.14
YTD-13.91   -7.74-11.44
1 Year-12.85   3.31-10.83
3 Years Annualised-0.15   13.30-0.45
5 Years Annualised11.37   5.510.50
10 Years Annualised6.85   0.90-
 
Category: Sector Equity Alternative Energy
Category Index: Morningstar Gbl Renew Enrg NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20244.681.21-3.113.23
202310.754.81-5.098.85
2022-9.29-15.0511.20-3.68
20210.032.99-0.2110.27
2020-12.0627.817.5521.74
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearAbove AverageBelow Average5 star
10-YearAbove AverageBelow Average4 star
OverallAbove AverageBelow Average5 star
 
Category :  Sector Equity Alternative EnergyClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev20.17 %
3-Yr Mean Return7.47 %
 
3-Yr Sharpe Ratio0.17
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Renew Enrg NR USD  DJ Islamic World TR USD
3-Yr Beta1.131.26
3-Yr Alpha5.54-5.06
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 60650-
Market Capitalisation% of Equity
Giant17.99
Large49.02
Medium20.21
Small11.50
Micro1.29
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.241.37
Price/Book3.201.65
Price/Sales3.182.03
Price/Cash Flow16.701.76
Dividend-Yield Factor1.280.74
 
Long-Term Projected Earnings Growth8.300.72
Historical Earnings Growth15.362.34
Sales Growth2.321.65
Cash-Flow Growth1.310.23
Book-Value Growth9.411.19
 
Category: Sector Equity Alternative Energy
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.570.0098.57
Bond0.060.000.06
Property0.000.000.00
Cash1.660.291.37
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States69.911.49
Canada0.000.00
Latin America2.211.19
United Kingdom1.130.21
Eurozone23.710.93
Europe - ex Euro3.040.47
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Alternative Energy
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.141.40
Consumer CyclicalConsumer Cyclical2.970.97
UtilitiesUtilities16.780.70
IndustrialsIndustrials20.790.65
TechnologyTechnology52.321.53
 
Category: Sector Equity Alternative Energy
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings46.99
NameSectorCountry% of Assets
Broadcom Inc311United States6.83
Marvell Technology Inc311United States5.68
TopBuild Corp310United States4.60
Applied Materials Inc311United States4.57
Trane Technologies PLC Class A310United States4.49
Iberdrola SA207Spain4.45
NXP Semiconductors NV311Netherlands4.32
Linde PLC101United States4.28
ON Semiconductor Corp311United States3.89
Eaton Corp PLC310United States3.89
 
Increase Decrease New since last portfolio
Category: Sector Equity Alternative Energy
 
Management
Name of CompanyPictet Asset Management (Europe) SA
Phone+352 467 171-1
Websitewww.am.pictet
Address15, avenue J.F. Kennedy
 Luxembourg   L-1855
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date14/05/2007
Fund Advisor(s)
Pictet Asset Management SA
Fund ManagerXavier Chollet
Manager Start Date01/04/2011
Career Start Year1998
Education
University of Lausanne, Master
 
Biography
Xavier Chollet joined Pictet Asset Management in 2011 as a Senior Investment Manager in the Thematic Equities Team co-managing the Clean Energy strategy. Previously, he was a member of Pictet’s Wealth Management division as an analyst covering technology (from 1998) and clean energy (from 2007). He also managed two internal portfolios on solar energy and energy efficiency. Xavier holds a Master’s in Finance from the Faculty of Business and Economics of the University of Lausanne.
Fund ManagerManuel Losa
Manager Start Date01/04/2021
Career Start Year2008
Education
ESCP-EAP, Master
Polytechnique University of Madrid, Master
 
Biography
Manuel Losa joined Pictet Asset Management in July 2019 as an Investment Manager in the Specialist Equities team. In 2021 he moved to our Thematic Equities teams. Manuel has over 10 years’ experience covering the utility industry. Prior to joining Pictet, he worked for Goldman Sachs where he covered European Utilities. Previously, he was a lead analyst at Citigroup. Manuel holds a Master’s degree from ESCP Europe in European Business and a Master’s degree in Aeronautical Engineering from Universidad Politecnica de Madrid.
Fund ManagerGuillaume Martin-Achard
Manager Start Date18/01/2023
 
Biography
Guillaume joined Pictet Asset Management in 2019 and is an Investment Manager in the Thematic Equities team. Guillaume started at Pictet Asset Management as an intern in the London-based International Equities (EAFE) team before moving to Geneva to join Thematic Equities. Guillaume started the Pictet Asset Management Graduate Program in 2021 with rotations across Thematic Equities, Multi Asset & Quantitative Investment, ESG and Total Return Equities. Guillaume holds a degree in Electrical Engineering from McGill University in Canada and is a Chartered Financial Analyst (CFA) charterholder.
Fund ManagerPam Liu
Manager Start Date01/05/2023
 
Biography
Pam Liu joined Pictet Asset Management and the Pictet Clean Energy team in 2023. Prior to Pictet, she spent three years as a sell-side research analyst at Morgan Stanley in London covering European Building and Construction. Prior to that, she spent 13 years in the utilities sector through investment banking, corporate M&A and consulting. Pam holds a BA Honours degree in Mathematics and Statistics from the University of Oxford as well as a Master’s degree in Finance from the London Business School.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*1.00%
Annual Charges
Max Annual Management Charge2.40%
Ongoing Charge1.99%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes