| Morningstar Fund Report | 17/04/2025 |  |
BNP Paribas Funds Aqua Classic Capitalisation |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 28.5 | -13.5 | 13.9 | 0.2 | -1.3 |
| +/-Cat | 4.7 | -1.1 | 4.5 | -4.1 | 1.5 |
| +/-B’mrk | -5.0 | -2.2 | 5.1 | -7.2 | -1.1 |
| Category: Sector Equity Water | ||||||
| Category Benchmark: S&P Global Water TR | ||||||
| Key Stats | ||
| NAV 15/04/2025 | EUR 205.32 | |
| Day Change | -0.05% | |
| Morningstar Category™ | Sector Equity Water | |
| ISIN | LU1165135440 | |
| Fund Size (Mil) 15/04/2025 | EUR 2865.08 | |
| Share Class Size (Mil) 15/04/2025 | EUR 980.71 | |
| Max Initial Charge | 3.00% | |
| Ongoing Charge 28/02/2025 | 2.21% | |
| Investment Objective: BNP Paribas Funds Aqua Classic Capitalisation |
| Increase the value of its assets over the medium term by investing primarily in global companies tackling the water-related challenges and which aim at helping or accelerating the transition to a more sustainable economy. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Justin Winter 31/03/2019 | ||
Harry Boyle 01/07/2024 | ||
| Click here to see others | ||
Inception Date 17/07/2015 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| MSCI World NR EUR | S&P Global Water TR |
| Portfolio Profile for BNP Paribas Funds Aqua Classic Capitalisation | 28/02/2025 |
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| Top 5 Holdings | Sector | % |
 Veolia Environnement SA |  Industrials | 5.76 |
| Linde PLC |  Basic Materials | 4.18 |
 American Water Works Co Inc |  Utilities | 4.05 |
| Severn Trent PLC | Utilities | 3.86 |
| Novonesis (Novozymes) B Class B | Basic Materials | 3.26 |
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Increase Decrease  New since last portfolio | ||
| BNP Paribas Funds Aqua Classic Capitalisation | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -8.32 | 27.61 | 13.80 | 28.50 | -13.47 | 13.87 | 0.18 | -1.28 |
| +/- Category | 1.38 | 2.67 | 1.45 | 4.72 | -1.15 | 4.54 | -4.08 | 1.47 |
| +/- Category Index | -4.62 | -1.72 | 0.79 | -5.00 | -2.20 | 5.09 | -7.22 | -1.10 |
| % Rank in Category | 27 | 34 | 45 | 33 | 73 | 19 | 86 | 24 |
| Trailing Returns (GBP) | 15/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.05 | -0.20 | -0.23 |
| 1 Week | 4.25 | 1.21 | 0.11 |
| 1 Month | -4.98 | -0.75 | -1.81 |
| 3 Months | -6.58 | 2.54 | -2.64 |
| 6 Months | -8.69 | 2.28 | -2.12 |
| YTD | -4.24 | 2.71 | -1.64 |
| 1 Year | -7.35 | 1.08 | -8.06 |
| 3 Years Annualised | 2.91 | 1.75 | -1.84 |
| 5 Years Annualised | 11.07 | 2.44 | -0.32 |
| 10 Years Annualised* | 8.91 | 1.36 | -1.53 |
| Category: Sector Equity Water | |||
| Category Index: S&P Global Water TR | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -1.28 | - | - | - |
| 2024 | 6.37 | -5.24 | 4.44 | -4.83 |
| 2023 | 6.03 | 0.18 | -3.04 | 10.56 |
| 2022 | -11.25 | -9.51 | 2.20 | 5.43 |
| 2021 | 4.27 | 8.41 | 4.23 | 9.06 |
| 2020 | -19.74 | 19.30 | 7.65 | 10.41 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Sector Equity Water | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| S&P Global Water TR | S&P Global Water TR | |
| 3-Yr Beta | 1.01 | 1.01 |
| 3-Yr Alpha | -1.62 | -1.62 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Sector Equity Water | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Sector Equity Water | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | ||||||||||||||||||
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| Category: Sector Equity Water | |||||||||||||||||||
| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 44 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 35.21 |
| Name | Sector | Country | % of Assets | ||
| Veolia Environnement SA | | France | 5.76 | ||
| Linde PLC | | United States | 4.18 | ||
| American Water Works Co Inc | | United States | 4.05 | ||
| Severn Trent PLC | | United Kingdom | 3.86 | ||
| Novonesis (Novozymes) B Class B | | Denmark | 3.26 | ||
| A.O. Smith Corp | | United States | 3.07 | ||
| IDEX Corp | | United States | 2.87 | ||
| United Utilities Group PLC Class A | | United Kingdom | 2.83 | ||
| Chemed Corp |  | United States | 2.74 | ||
| Alfa Laval AB | | Sweden | 2.59 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Sector Equity Water | |||||
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| Biography | |
| Justin co-manages Impax’s Water Strategy and a bespoke fund that blends both the Water and Specialists strategies. He specialises in New Energy, Water and Support Services. Justin researches stocks globally with a particular focus on the Industrials, Utilities and Materials sectors. Justin joined Impax in July 2009 after working in renewable energy research at New Energy Finance. Prior to moving into the renewable energy sector he worked as an investment analyst for Australian boutique manager Hunter Hall, covering global equities from their London and Sydney offices. He has a Bachelor of Engineering from the University of Queensland and a Masters of Commerce from the University of Sydney. Before moving into finance, he worked as a consulting engineer on water projects and environmental impact studies. |
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| Fund Manager | Harry Boyle |
| Manager Start Date | 01/07/2024 |
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| Biography | |
| Portfolio Manager, Director Managed Fund Since: 20 October 2022 Harry joined Impax in 2017, having previously worked for the Firm as a consultant assessing portfolio carbon risk. Initially he worked as a Portfolio Specialist on Impax’s Thematic Equities strategies, gaining in depth knowledge of investee companies and the investment process. In 2021, Harry began work on the creation of Impax’s Sustainable Infrastructure Taxonomy, before becoming a Portfolio Manager on the newly launched Sustainable Infrastructure strategy in 2022. Harry began his career in 2006 as an analyst at Bloomberg New Energy Finance, where he helped investors understand the evolving dynamics in energy, carbon and power markets. He subsequently worked at Aurium Capital as an investment manager investing debt into infrastructure projects before becoming an independent consultant raising capital for early-stage energy businesses. Harry has an MA in Modern History from the University of St Andrews and an MSc in Finance from London Business School. |
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| Fund Manager | Hubert Aarts |
| Manager Start Date | 02/07/2015 |
| Career Start Year | 1990 |
| Education |
| 1990, Maastricht University, M.B.A. |
| 1986, Technical College, Heerlen, B.A. |
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| Biography | |
| Deputy CIO, Listed Equities, Executive Director Managed Fund Since: 12 January 2016 Hubert serves as Deputy CIO, Listed Equities. Hubert is a key figure overseeing Impax Asset Management’s investment strategies in the listed equities space and is jointly responsible for the development of our investment process, research, and team. He also researches stocks globally, specialising in industrials and consumer discretionary companies. Prior to joining Impax in 2007, Hubert was a partner at Cambrian Capital. He also spent nearly a decade at BlackRock working as a portfolio manager in Europe |
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