Bart GOOSENS
Deputy Global Head of Absolute Return & Quantitative Equity / Global Head of Quantitative Equity
Candriam Equities L ESG Market Neutral
Fund details
AUM - 23 JAN 2025
EUR 24,617,144.78
SFDR Category
“Sustainable Finance Disclosure Regulation” : Regulation 2019/2088 on sustainability-related disclosures in the financial services sector
Article 8
Last NAV - 23 JAN 2025
EUR 1,527.89
Morningstar™ category
EAA Fund Equity Market Neutral EUR
Marketing Communication. Please refer to the prospectus of the fund and to the key investor information document before making any investment decision. The documents can be obtained free of charge.
Risks
Lower Risk
Potentially lower return
Higher Risk
Potentially higher return
1
2
3
4
5
6
7
Definition
The risk and reward profile is an indicator with a rating ranging from 1 to 7 and corresponds to increasing levels of risk and return. The methodology for calculating this regulatory indicator is available in the KIID.
The risk category is calculated on the basis of historical performance and is not necessarily a reliable indicator of the fund’s future risk profile.
It may change in the future and is not guaranteed.
The lowest category does not mean no risk.;
The risk and reward profile is an indicator with a rating ranging from 1 to 7 and corresponds to increasing levels of risk and return. The methodology for calculating this regulatory indicator is available in the KIID.<br>The risk category is calculated on the basis of historical performance and is not necessarily a reliable indicator of the fund’s future risk profile. <br>It may change in the future and is not guaranteed. <br>The lowest category does not mean no risk.
Legal documents
Select and download all documents
PDF
Investment Team
Sebastien JALLET
Senior Fund Manager
Bart PAREDIS
Senior Fund Manager
Historical NAV
Historical NAV
Candriam Equities L ESG Market Neutral
Historical NAV
100% ESTR Capi EUR
I Cap
This graph represents the synthetic net asset value of the fund. It is provided for information and illustrative purposes only. The synthetic net asset value is obtained by a recalculation of the values of the fund’s assets by leveling out the effect of securities transactions (split, coupon, dividend distribution...) in order to reflect the real performance of the fund share or unit. Data may be rounded for convenience. Data expressed in a currency other than that of the investor's country of residence is subject to exchange rate fluctuations, with a positive or negative impact. Gross performance may be impacted by commissions, fees and other expenses.
Cumulative Return
| Fund |
Additional information
Annual return
| Fund |
| Benchmark |
| Difference |
Additional information
Risk And Reward Indicators
Lower Risk
Potentially lower return
Higher Risk
Potentially higher return
1
2
3
4
5
6
7
Definition
The risk and reward profile is an indicator with a rating ranging from 1 to 7 and corresponds to increasing levels of risk and return. The methodology for calculating this regulatory indicator is available in the KIID.<br>The risk category is calculated on the basis of historical performance and is not necessarily a reliable indicator of the fund’s future risk profile. <br>It may change in the future and is not guaranteed. <br>The lowest category does not mean no risk.- SRI Date
- SRRI Value
- 7
Main Risks
Other Risks
Risk And Reward Indicators
Companies
Level 2A - Exclusion Policy
Candriam's Controversial Activities Analysis excludes companies involved in harmful or controversial activities. Involvement is assessed using activity-specific revenuebased threshold levels.
Stewardship
Proxyvoting
A voting right is the right of a shareholder of a corporation to vote on matters of corporate policy, including decisions on the makeup of the board of directors, issuing new securities, initiating corporate actions like mergers or acquisitions, approving dividends, and making substantial changes in the corporation's operations.
It is common for shareholders to voice their vote by proxy by mailing in their response or by relinquishing their vote to a third party proxy voter)
Engagement
Engaging with companies through active one-on-one or collaborative dialogue to encourage disclosure and transparency as well as environmental, social and governance best practices.;
KPIs
ESG Score Corporate Long > Short
Score resulting from Candriam internal ESG analysis.
For corporate issuers, analysis is done from two angles: analysis of the impacts of business activities (products and services) and management of companies' key stakeholders.
Carbon footprint Corporate - Scope 1&2 Long < Short
Company’s carbon emissions measured in tons of carbon dioxide equivalent (tCO2-eq) per year. Three scopes of carbon emissions can be distinguished:
• Scope 1 emissions are direct emissions from owned or controlled sources
• Scope 2 emissions are indirect emissions from the generation of purchased energy
• Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions
Candriam includes scope 1 and 2 GHG emissions in published figures. Scope 3 will be included as soon as we consider the data accurate and stable.
The carbon footprint measure the assetweighted carbon emissions of a portfolio normalized per million $ invested (expressed in tCO2-eq / million $ invested).
-
80%
Min Investments Environmental Social characteristics rate -
51%
Min sustainable investments rate -
0%
Min sustainable investments environmental rate -
0%
Min sustainable investments social rate
Fund Characteristics
- Fund name
- Candriam Equities L ESG Market Neutral
- Benchmark
- 100% ESTR Capi EUR
- SICAV Name
- Candriam Equities L
- Currency
- EUR
- Legal Form
- Sub-fund of a SICAV under Luxembourg law
- Legal status
- UCITS
- SFDR Category
- Article 8
- Creation Date
- Domicile Country
- Luxembourg
- Management company, having its registered office in Luxembourg
- CANDRIAM, management Company having its registered office in Luxembourg.
- Depository bank
- CACEIS Bank, Luxembourg Branch
- Transfer agent
- CACEIS Bank, Luxembourg Branch
- Term of fund
- The fund has no limited term
- Anti Dilution system
- yes
Swing Pricing is a mechanism by which the net asset value is adjusted upwards (or downwards) if the change in liabilities is positive (or negative) in such a way as to reduce for existing investors the portfolio restructuring costs linked to subscription/ redemption movements in the fund. On valuation days where the difference between the amount of subscriptions and the amount of redemptions of a sub-fund (i.e. net transactions) exceeds a threshold set beforehand by the Board of Directors, the latter shall be entitled to:
- value the net asset value by adding to the assets (in the case of net subscriptions) or deducting from assets (at net redemptions) a fixed percentage of the fees corresponding to market practices and reflecting the fees and/or conditions of liquidity when buying or selling securities;
- value the securities portfolio on the basis of bid or ask prices;
- assess the net asset value by setting a level of spreads representative of the relevant market;
- The dilution mechanism must not exceed 2% of the net asset value, except in exceptional circumstances, as in the event of a sharp decrease in liquidity, which would then be detailed for the sub-fund concerned in the annual (semi-) annual report of the SICAV.
Instrument
- Share Class
- I - Cap
- Benchmark
- /
- Currency
- EUR
- First NAV Date
- 17/6/24
- ISIN
- LU2721429558
- Recommended investment horizon
- 3 years
- Bloomberg ticker
- ESGMNIA LX Equity
- Morningstar ticker
- N/A
- Marketing authorization
- Austria; France; Germany; Italy; Luxembourg; Netherlands; Switzerland; United Kingdom
Tax, Charges & Fees
- Management fees (max)
- 1.00 %
- Subscription
- 0.00 %
- Redemption
- 0.00 %
- Entry Costs
- 0.00%
- Exit Costs
- 0.00%
Transaction Fees
- Portfolio transaction costs
- 1.00%
Performance fees
- Performance fee value
- 20.00%
Ongoing cost
- Ongoing cost value
- 1.04%
Orders
Order Subscription
- Subscription cut off
- D 12:00
Order redemption
- Redemption cut off
- D 12:00
The corresponding time zone is the one associated with the fund's domicile.
NAV
Nav Specification
- Frequency valuation
- Daily
- NAV date
- D
- NAV calculation Day
- D+1
Nav Aum
- Aum currency
- EUR
- Aum value
- 24,617,144.78
- Aum date
- 23/01/2025
Nav aum for share class
- Last nav date
- 23/01/2025
- Last nav value
- 1527.89
ESG documents
Download all ESG documentsShareholder Documents
Download all shareholder documentsAnnual and semi-annual reports
Download all annual documentsAwards
Other information
This is a marketing communication. Please refer to the prospectus of the funds and to the key information document before making any investment decision. This marketing communication does not constitute an offer to buy or sell financial instruments, nor does it represent an investment recommendation or confirm any kind of transaction, except where expressly agreed. Although Candriam selects carefully the data and sources within this document, errors or omissions cannot be excluded a priori. Candriam cannot be held liable for any direct or indirect losses as a result of the use of this document. The intellectual property rights of Candriam must be respected at all times, contents of this document may not be reproduced without prior written approval.
Warning: Past performance of a given financial instrument or index or an investment service or strategy, or simulations of past performance, or forecasts of future performance does not predict future returns. Gross performances may be impacted by commissions, fees and other expenses. Performances expressed in a currency other than that of the investor's country of residence are subject to exchange rate fluctuations, with a negative or positive impact on gains. If the present document refers to a specific tax treatment, such information depends on the individual situation of each investor and may change.
In respect to money market funds, please be aware that an investment in a fund is different from an investment in deposits and that the investment’s principal is capable of fluctuation. The fund does not rely on external support for guaranteeing its liquidity or stabilizing its NAV per unit or share. The risk of loss of the principal is borne by the investor.
Candriam consistently recommends investors to consult via our website https://www.candriam.com the key information document, prospectus, and all other relevant information prior to investing in one of our funds, including the net asset value (“NAV) of the funds. Investor rights and complaints procedure, are accessible on Candriam’s dedicated regulatory webpages https://www.candriam.com/en/professional/legal-information/regulatory-information/. This information is available either in English or in local languages for each country where the fund’s marketing is approved.
According to the applicable laws and regulations, Candriam may decide to terminate the arrangements made for the marketing of a relevant fund at any time.
Information on sustainability-related aspects: the information on sustainability-related aspects contained in this communication are available on Candriam webpage https://www.candriam.com/en/professional/sfdr/. The decision to invest in the promoted product should take into account all the characteristics or objectives of the promoted product as described in its prospectus, or in the information documents which are to be disclosed to investors in accordance with the applicable law.
ESG Assessment
The fund’s investment strategy aims to promote environmental or social characteristics, or a combination of these characteristics, provided that the entities in which the investments are made apply good governance practices. To achieve this objective, the management team makes discretionary investment choices based on an economic/financial analysis process and an internal analysis of environmental, social and governance (ESG) criteria, based in part on data provided by external service providers.
a. ESG selection criteria:
For corporates, the internal analysis of ESG criteria consists in selecting the issuers:
• that are the best positioned to meet the challenges of sustainable development;
• that comply with the principles of the United Nations Global Compact (i.e. human rights, labour law, the environment, anti-corruption), and which are therefore less exposed to the risks associated with these themes; and
• that are not engaged in controversial activities such as armament (securities of a company whose activity consists of manufacturing, the use or possession of anti-personnel mines, cluster bombs and/or depleted uranium weapons), tobacco, thermal coal.
For sovereign issuers, the internal analysis of ESG criteria consists in selecting:
• Countries that perform best across our four categories of sustainable development criteria: Human Capital, Natural Capital, Social Capital and Economic Capital;
• Countries that are not part of our highly Oppressive Regimes or dictatorships, based on the Freedom House Freedom in the World Index and the World Bank Voice & Accountability Index.
b. Selection methodology:
The issuers favoured by the management company are subject to a dual analysis:
• Analysis of their activity to assess their alignment with the major challenges of sustainable development. For example, regarding the transition to a circular economy, the management company will consider a company producing recycled steel to be more sustainable than a company producing steel exclusively from iron ore; and
• Analysis of how the company manages players interacting with the company: its employees, its customers, its shareholders, its suppliers and the environment. Here too, the management company will favour companies that adopt the most sustainable practices given their sector. For example, with regard to relations with its clients, the management company will favour pharmaceutical companies with balanced pricing practices and commercial policies. Similarly, with regard to relations with their employees, the management company attaches great importance to the fight against discrimination and compliance with social standards.
Our sovereign investible universe consists of those countries which perform best across our four categories of sustainable development criteria:
• Natural Capital: stock of naturel resources managed by the country;
• Social Capital: trust, norms and institutions which people can rely on to solve common problems and create social cohesion;
• Human Capital: human productivity to which the country participates through education and other initiatives;
• Economic Capital: assessing the level of economic activity viability.
c. A team of ESG analysts is responsible for assessing the selection criteria:
ESG analysis and selection are carried out by a dedicated team of ESG analysts within Candriam. This team is made up of specialists whose mission is to analyse the exposure of companies and governments to the risks and opportunities associated with sustainable development. Selection criteria are expected to evolve over time, based on advances in ESG research and changes in company practices.