IOGDX

Pictet Global Environmental Solutions Fund

Overview

The Strategy typically invests in firms that help solve environmental challenges while making a measurable, positive environmental impact.

Inception Date
May 28, 2019
Investment Style
Global Environmental
Fund Index
MSCI ACWI
CUSIP
00143N826
NAV
  • B
(as of 06/14/2019)
$10.27
Total Assets
(as of 05/31/2019)
$29.53 MM
Gross Expense Ratio
(as of 05/25/2019)
1.99%
Net Expense Ratio
(as of 05/25/2019)
1.20%
Performance
Average Annual Total Returns
Capital Gains Distributions
as of 05/31/2019
as of

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
1 mo 3 mo ytd as of 2019-05-31
1 yr since inception
Pictet Global Environmental Solutions Fund (NAV)
-6.22% 0.97% 17.63% -2.92% -1.31%
MSCI ACWI
-5.93% -1.53% 9.08% -1.29% -0.78%
Cumulative
1 mo 3 mo ytd as of 2019-05-31
1 yr since inception
Pictet Global Environmental Solutions Fund (with sales charge)
-11.39% -4.62% 11.10% -8.26% -6.74%
MSCI ACWI
-5.93% -1.53% 9.08% -1.29% -0.78%
Gross Expense Ratio: 1.99% | Net Expense Ratio: 1.20%

Year Pictet Global Environmental Solutions Fund
$ per share as of 06/17/2019

Date 2014 2015 2016 2017 2018
Short Term 0.0277
Long Term
Total Amount of Distribution 0.0277
Record Date 12/17/18
Ex Div Date 12/18/18
Pay Date 12/18/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(52.8% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap
Country Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
United States 53.5% 55.0% -1.5%
France 10.5% 3.4% 7.1%
United Kingdom 7.4% 5.1% 2.3%
Denmark 5.9% 0.5% 5.4%
Japan 3.8% 7.3% -3.5%
Ireland 3.2% 0.2% 3.1%
Germany 3.0% 2.6% 0.4%
China 2.7% 3.7% -1.0%
Switzerland 2.1% 2.8% -0.6%
Netherlands 1.7% 1.1% 0.7%
Sweden 0.9% 0.8% 0.1%
Canada 0.6% 3.1% -2.4%
Developed Markets Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Americas 54.1% 58.1% -3.9%
Europe 34.8% 18.8% 15.9%
Asia Pacific 3.8% 11.1% -7.3%
Emerging Markets Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Asia Pacific 2.7% 8.6% -5.9%
Equity Sector Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Industrials 24.5% 10.4% 14.1%
Information Technology 24.3% 15.7% 8.6%
Materials 15.9% 4.8% 11.1%
Utilities 13.8% 3.3% 10.5%
Health Care 10.5% 11.4% -0.9%
Consumer Discretionary 3.2% 10.7% -7.5%
Real Estate 3.2% 3.3% -0.1%
Industry Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Commercial Services & Supplies 11.7% 0.5% 11.2%
Software 9.5% 4.4% 5.2%
Chemicals 9.2% 2.4% 6.8%
Semiconductors & Semiconductor Equipment 8.1% 2.9% 5.2%
Life Sciences Tools & Services 8.0% 0.7% 7.3%
Electronic Equipment Instruments & Components 6.7% 1.1% 5.6%
Multi-Utilities 5.8% 0.9% 4.8%
Machinery 5.8% 1.7% 4.1%
Water Utilities 5.7% 0.1% 5.6%
Containers & Packaging 4.0% 0.2% 3.8%
Electrical Equipment 3.5% 0.7% 2.8%
Equity Real Estate Investment Trusts (REITs) 3.2% 2.3% 0.9%
Building Products 2.7% 0.4% 2.3%
Paper & Forest Products 2.6% 0.1% 2.5%
Health Care Equipment & Supplies 2.5% 2.4% 0.1%
Electric Utilities 2.4% 1.9% 0.5%
Leisure Products 1.8% 0.1% 1.6%
Auto Components 1.4% 0.5% 1.0%
Professional Services 0.8% 0.7% 0.0%
Asset Allocation Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Equity 95.4% 100.0% -4.6%
Market Cap Pictet Global Environmental Solutions Fund MSCI ACWI
Overweight / Underweight
Large 55.4% 85.9% -30.5%
Mid 35.7% 14.0% 21.7%
Small 4.2% 0.1% 4.1%
Analytics
(As of 05/31/2019)

Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$24.77 B
$144.86 B
Median Market Cap (weighted)
$16.10 B
$53.37 B
P/E Ratio (LTM)
22.51
16.62
P/E Ratio (NTM)
18.46
14.42
Price/Book
3.39
2.31
Return on Equity
17.15%
18.31%
EPS Growth Rate 3Y
15.25%
12.22%
EPS Growth Rate 5Y
17.87%
9.26%
Sales Growth Rate 3Y
9.79%
7.27%
Sales Growth Rate 5Y
7.62%
5.81%
Debt to Capital Ratio
41.36
43.88
Turnover Ratio
20%
-
Active Share
97.81%
-
Team
Documents
  1. 1. This is a new fund with a limited operating history and an inception date of 12/21/17.
  2. 2. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks.Emerging and developing market investments may be especially volatile.Eurozone investments may be subject to volatility and liquidity issues.The stocks of companies with favorable environmental practices may underperform the stock market as a whole.Small and mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized or mid-sized company, if any gain is realized at all.Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  3. 3. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  4. 4. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  5. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  6. B. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
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