Triodos Sustainable Mixed Fund
During 2015, the total net assets of Triodos Sustainable Mixed Fund grew from EUR 160.7 million to EUR 216.4 million. During this period, the sub-fund (R-Dis) achieved a return of 6.1% (including reinvestment of dividends), while the benchmark rose 4.7%.
The relative outperformance of the sub-fund was largely due to the stock selection. The active overweighting of stocks in strong performing sectors such as cyclical consumer goods and healthcare was an important contributor, while the fact that the sub-fund does not invest in traditional energy stocks also had a favourable impact on the performance. The sub-fund’s investments in companies focusing on alternative energy, such as companies active in the wind energy segment, also had a positive impact. The bond selection slightly underperformed the bond benchmark. This was mainly attributable to the underweight position in Italian and Spanish sovereign bonds. The tactical allocation made a positive contribution to the return of the sub-fund.
Evolution of returns Triodos Sustainable Mixed Fund
* Figures given for the R-share classes are the historical returns of Triodos Meerwaardefonds N.V., which merged into Triodos SICAV I on June 28, 2010.
** Triodos Sustainable Mixed Fund aims to achieve returns that are in line with the market. The sub-fund compares its return and the sustainability scores (environment, social and governance) of the companies that it invests in with the MSCI World Index (in euros, 40%), the iBoxx Euro Non-Sovereigns Index (36%) and the iBoxx Euro Sovereigns Index (24%). These are generally accepted indices for (non-sustainable) worldwide diversified equity and bond funds. The investment policy that is pursued by Triodos Sustainable Mixed Fund is not aimed at replicating or outperforming the benchmark in the short term. The sub-fund may deviate from the benchmark because the sub-fund only invests in companies that meet the sub-fund’s strict sustainability criteria. We believe that in the longer term sustainable investments offer more stable and higher returns than non-sustainable investments. We therefore tend to invest in companies on the basis of a long-term investment horizon.