Morningstar Fund Report  | 05/04/2025Print

Guinness Sustainable Energy C EUR Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Guinness Sustainable Energy C EUR Accumulation
Fund10.1-2.7-7.1-11.3-8.4
+/-Cat9.73.35.5-0.2-1.0
+/-B’mrk-1.4-1.0-8.4-12.2-4.5
 
Category: Sector Equity Alternative Energy
Category Benchmark: Morningstar Gbl Renew Enrg ...
Key Stats
NAV
03/04/2025		 EUR 13.62
Day Change -5.20%
Morningstar Category™ Sector Equity Alternative Energy
ISIN IE00BGHQF417
Fund Size (Mil)
02/04/2025		 USD 351.22
Share Class Size (Mil)
02/04/2025		 EUR 23.72
Max Initial Charge 5.00%
Ongoing Charge
19/04/2024		  1.85%
Investment Objective: Guinness Sustainable Energy C EUR Accumulation
The investment objective of the Fund is to provide investors with long-term capital appreciation.
Returns
Trailing Returns (GBP)03/04/2025
YTD-11.96
3 Years Annualised-9.04
5 Years Annualised11.38
10 Years Annualised3.54
12 Month Yield 0.00
Management
Manager Name
Start Date
Jonathan Waghorn
01/03/2019
Will Riley
01/03/2019
Inception Date
29/11/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI World NR USDMorningstar Gbl Renew Enrg NR USD
Portfolio Profile for  Guinness Sustainable Energy C EUR Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.690.0098.69
Bond0.000.000.00
Property0.000.000.00
Cash1.310.001.31
Other0.000.000.00
Top 5 Regions%
United States48.87
Eurozone33.05
Asia - Emerging6.24
Europe - ex Euro5.09
Asia - Developed3.83
Top 5 Sectors%
Industrials42.17
Technology24.20
Utilities21.23
Consumer Cyclical7.52
Basic Materials4.88
Top 5 HoldingsSector%
Iberdrola SAUtilitiesUtilities5.53
Siemens AGIndustrialsIndustrials5.26
Legrand SAIndustrialsIndustrials5.20
Schneider Electric SEIndustrialsIndustrials5.04
NextEra Energy IncUtilitiesUtilities4.79
Increase Decrease New since last portfolio
Guinness Sustainable Energy C EUR Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Guinness Sustainable Energy C EUR Accumulation
Category:  Sector Equity Alternative Energy
Category Index:  Morningstar Gbl Renew Enrg NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.9024.7376.2410.07-2.68-7.11-11.27-8.41
+/- Category1.86-1.674.989.733.345.47-0.20-1.01
+/- Category Index--53.21-1.39-1.02-8.43-12.22-4.51
% Rank in Category4370422542344865
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.20   -4.31-3.56
1 Week-6.30   -2.66-3.00
1 Month-7.87   -2.85-3.65
3 Months-13.88   -3.93-8.32
6 Months-20.44   -3.79-11.96
YTD-11.96   -3.84-6.90
1 Year-20.80   -4.44-15.88
3 Years Annualised-9.04   4.60-8.05
5 Years Annualised11.38   5.460.68
10 Years Annualised3.54   -1.86-
 
Category: Sector Equity Alternative Energy
Category Index: Morningstar Gbl Renew Enrg NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-8.41---
20240.10-3.382.70-10.67
20236.67-3.42-12.793.39
2022-6.48-7.989.573.21
20210.674.522.771.79
2020-16.3733.8820.1531.00
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageAverage4 star
10-YearBelow AverageAverage2 star
Overall*AverageAverage3 star
 
Category :  Sector Equity Alternative EnergyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev20.89 %
3-Yr Mean Return-5.76 %
 
3-Yr Sharpe Ratio-0.47
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Renew Enrg NR USD  Morningstar Gbl Renew Enrg NR USD
3-Yr Beta1.411.41
3-Yr Alpha-4.14-4.14
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 20547-
Market Capitalisation% of Equity
Giant16.04
Large37.52
Medium27.56
Small14.58
Micro4.30
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.260.94
Price/Book1.780.92
Price/Sales1.110.71
Price/Cash Flow8.600.90
Dividend-Yield Factor1.741.01
 
Long-Term Projected Earnings Growth9.370.81
Historical Earnings Growth5.450.83
Sales Growth0.290.21
Cash-Flow Growth8.471.48
Book-Value Growth7.200.91
 
Category: Sector Equity Alternative Energy
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.690.0098.69
Bond0.000.000.00
Property0.000.000.00
Cash1.310.001.31
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States48.871.04
Canada0.000.00
Latin America0.000.00
United Kingdom2.920.53
Eurozone33.051.29
Europe - ex Euro5.090.79
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed3.831.46
Asia - Emerging6.240.96
 
Category: Sector Equity Alternative Energy
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.880.95
Consumer CyclicalConsumer Cyclical7.522.44
UtilitiesUtilities21.230.88
IndustrialsIndustrials42.171.32
TechnologyTechnology24.200.71
 
Category: Sector Equity Alternative Energy
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings33
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.55
NameSectorCountry% of Assets
Iberdrola SA207Spain5.53
Siemens AG310Germany5.26
Legrand SA310France5.20
Schneider Electric SE310France5.04
NextEra Energy Inc207United States4.79
Trane Technologies PLC Class A310United States4.63
Hubbell Inc310United States4.40
Eaton Corp PLC310United States4.28
SPIE SA310France4.24
Itron Inc311United States4.16
 
Increase Decrease New since last portfolio
Category: Sector Equity Alternative Energy
 
Management
Name of CompanyGuinness Asset Management Limited
Phone020 7222 5703
WebsiteGuinnessgi.com
Address18 Smith Square
 London   SW1P 3HZ
 United Kingdom
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date29/11/2013
Fund Advisor(s)
Guinness Asset Management Limited
Fund ManagerJonathan Waghorn
Manager Start Date01/03/2019
Education
1995, Bristol University, M.S.
1994, Bristol University, B.A.
 
Biography
Jonathan Waghorn is the co-manager of the SmartETFs Smart Transportation & Technology ETF (since launch), SmartETFS Sustainable Energy II ETF, and also serves as the co-manager of the Global Energy Fund (since May 2010) and Alternative Energy Fund (since January 2019). Jonathan had 17 years’ experience in the energy sector. He joined Guinness Atkinson™ in 2013. Previously, Mr. Waghorn served as co-portfolio manager of the Investec Global Energy Fund from 2008 to 2012, succeeding Tim Guinness who managed the Investec Fund from 1998 to 2008. Prior to Investec, he served as co-head of Goldman Sachs’ energy equity research team. He was a Shell drilling engineer in the Dutch North Sea and worked as an energy consultant with Wood Mackenzie before becoming co-head of Goldman Sachs energy equity research in 2000. Mr. Waghorn graduated from the University of Bristol with a Masters in Physics in 1995.
Fund ManagerWill Riley
Manager Start Date01/03/2019
Education
1999, University of Cambridge, M.A.
 
Biography
Will Riley is the co-manager of the SmartETFs Smart Transportation & Technology ETF (since launch), SmartETFS Sustainable Energy II ETF, and also serves as the co-manager of the Guinness Atkinson Global Energy Fund (since May 2010) and Guinness Atkinson Alternative Energy Fund (since January 2019). He joined Guinness Atkinson™ as an analyst in May 2007. Mr. Riley worked for PricewaterhouseCoopers LLP from 2002 to 2007 having qualified as a Chartered Accountant in 2003. Mr. Riley graduated from Cambridge University with a Masters in Geography in 1999.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge1.99%
Ongoing Charge1.85%
Purchase Details
Minimum Investments
Initial1000  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsYes