Mirova Global Sustainable Equity Fund

Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.

The performance information shown above may differ to the information in the performance report due to rounding.

* Inception date is 19 November 2020.

** Total net returns are quoted after the deduction of all fees and expenses. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.

*** The Benchmark for the Fund is the MSCI World ex Australia Index, in $A unhedged with net dividends reinvested. Macquarie Investment Management Australia Limited was appointed as the responsible entity of the Fund on 1 March 2022. Equity Trustees Limited was the previous responsible entity of the Fund. Prior to 1 March 2022, the benchmark of the Fund was the MSCI World Index in $A unhedged with net dividends reinvested.

Risks

All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying investments. Generally, the higher the potential return of an investment, the greater the risk (including the potential for loss and unit price variability over the short or long term). The risks of investing in this Fund include:

Investment risk: The Fund has exposure to share markets. The risk of an investment in the Fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the Fund’s unit price, by material amounts over short periods. 

Market risk: The investments that the Fund has exposure to are likely to have a broad correlation with share markets in general. Share markets can be volatile and have the potential to fall by large amounts over short periods of time. Poor performance or losses in domestic and/or global share markets are likely to negatively impact the overall performance of the Fund.

Concentration risk: The Fund may have exposure to a small number of key investments. This may result in the returns of the Fund being dependent on the returns of individual companies and industry sectors which may increase the volatility of the Fund’s unit price, and increase the risk of poor performance. 

ESG and sustainability investment risk: Mirova selects investments based on ESG criteria. The ESG criteria, used to assess and select investments, is based on analysis performed by Mirova and supported by third party data providers. However, there are no independent ESG assessments of the Fund’s positions. The assessment criteria may change over time or vary depending on the sector or industry in which the relevant issuer operates. Applying ESG criteria to the investment process may lead the Fund to invest in or exclude securities within the Fund’s benchmark or universe, irrespective of market opportunities available. ESG data may be incomplete, inaccurate or unavailable from time to time. As a result, there is a risk that Mirova may incorrectly assess a security or issuer, resulting in certain investments being incorrectly included or excluded. Furthermore, while Mirova may take the appropriate steps to assess ESG risks, circumstances surrounding the underlying assets may change without notice or assessment by Mirova, resulting in increased ESG risks for the Fund.

More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.