The AtonRâ Fund
Marketing communication
A Journey Into The Future
The AtonRâ Fund invests in long-only listed equities benefiting from secular growth opportunities over a medium to long-term time horizon, with a focus on the technology, healthcare, and renewable energy sectors.
Fund Description
Through one single product, investors gather exposure to the company's core growth themes which are managed individually since 2014: AI & Robotics, Bionics, Biotech 360°, Blockchain & Digital Assets, Fintech, Mobile Payments, Security & Space and Sustainable Future.
The fund builds on AtonRâ Partners’ unique research and investment approach, which draws scientific, technological, and industrial research together with quality-oriented financial analysis.
The fund fully replicates existing thematic portfolios and is systematically rebalanced every quarter.
The number of investment themes is not constant and will change as themes that arrive at the end of their cycle are removed, or newly identified themes are added.
Performances
| All Time High | All Time Low | ||
| PRICE: 144.89 | DATE: 12-Feb-2021 | PRICE: 64.77 | DATE: 27-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -6.05% | 7.65% | 3.62% | -8.80% | 3.85% | 3.16% | 2.48% | 0% | 0% | 0% | 0% | 0% | 4.92% |
| 2023 | 11.32% | -3.37% | 1.95% | -2.33% | 2.09% | 4.19% | 4.02% | -10.91% | -8.35% | -8.36% | 15.34% | 10.08% | 12.58% |
| 2022 | -17.08% | -0.51% | 1.20% | -17.62% | -5.17% | -6.16% | 9.88% | -2.47% | -10.25% | 4.08% | 1.46% | -3.46% | -39.99% |
| 2021 | 2.20% | -1.60% | -4.77% | 3.87% | -2.40% | 8.64% | -1.98% | 3.79% | -4.54% | 5.81% | -5.77% | -5.26% | -3.24% |
| 2020 | 4.03% | -3.23% | -12.96% | 15.15% | 9.83% | 3.40% | 6.85% | 5.14% | -0.06% | -1.05% | 13.05% | 5.85% | 52.33% |
| 2019 | 11.94% | 6.11% | 1.05% | 1.47% | -5.75% | 7.21% | 1.77% | -3.60% | -1.12% | 1.36% | 6.50% | 2.41% | 31.98% |
| 2018 | 13.76% | -2.07% | -0.32% | -1.34% | 6.05% | -1.20% | 2.07% | 8.57% | 1.56% | -13.50% | 2.23% | -9.17% | 3.76% |
| 2017 | 5.69% | 6.14% | 2.61% | 2.95% | 3.46% | 1.44% | 3.28% | 4.76% | 2.40% | 3.29% | 2.37% | -1.02% | 44.22% |
| 2016 | 0% | -0.75% | 6.62% | 1.19% | 4.98% | -4.70% | 6.73% | -0.33% | 2.14% | -4.35% | 2.55% | -0.47% | 13.65% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
| All Time High | All Time Low | ||
| PRICE: 133.56 | DATE: 04-Nov-2021 | PRICE: 65.15 | DATE: 30-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -4.59% | 7.95% | 3.70% | -8.00% | 2.16% | 4.36% | 1.06% | 0% | 0% | 0% | 0% | 0% | 5.87% |
| 2023 | 9.24% | -1.16% | -0.62% | -3.99% | 5.58% | 1.70% | 2.79% | -9.62% | -6.15% | -8.33% | 11.60% | 8.59% | 7.14% |
| 2022 | -15.98% | -0.81% | 2.02% | -13.22% | -6.74% | -3.98% | 12.53% | -1.23% | -7.98% | 3.03% | -2.73% | -6.97% | -37.01% |
| 2021 | 2.59% | -1.55% | -1.80% | 1.29% | -3.66% | 10.80% | -1.96% | 3.86% | -2.87% | 5.51% | -3.26% | -5.47% | 2.35% |
| 2020 | 5.86% | -2.56% | -12.94% | 15.61% | 7.78% | 1.89% | 1.63% | 4.04% | 1.49% | -0.52% | 9.62% | 3.37% | 37.91% |
| 2019 | 11.60% | 6.38% | 2.27% | 1.30% | -5.17% | 4.86% | 4.26% | -2.80% | -0.35% | -1.10% | 7.37% | 0.42% | 31.71% |
| 2018 | 10.56% | -0.25% | -1.46% | 0.62% | 9.11% | -1.18% | 1.80% | 8.90% | 1.31% | -10.74% | 1.97% | -10.04% | 8.42% |
| 2017 | 2.93% | 7.92% | 1.66% | 0.37% | 0.02% | -0.35% | -0.63% | 3.85% | 3.01% | 4.52% | -0.07% | -1.87% | 23.09% |
| 2016 | 0% | -1.22% | 1.46% | 0.34% | 7.69% | -4.37% | 5.66% | -0.31% | 1.19% | -1.98% | 6.10% | 0.13% | 14.94% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
| All Time High | All Time Low | ||
| PRICE: 134.21 | DATE: 04-Nov-2021 | PRICE: 66.76 | DATE: 30-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -4.50% | 8.02% | 3.78% | -7.93% | 2.24% | 4.45% | 1.14% | 0% | 0% | 0% | 0% | 0% | 6.47% |
| 2023 | 9.33% | -1.07% | -0.54% | -3.93% | 5.68% | 1.78% | 2.88% | -9.54% | -6.09% | -8.25% | 11.69% | 8.68% | 8.21% |
| 2022 | -15.91% | -0.75% | 2.12% | -13.15% | -6.66% | -3.89% | 12.62% | -1.15% | -7.90% | 3.11% | -2.66% | -6.88% | -36.37% |
| 2021 | 2.67% | -1.48% | -1.76% | 1.37% | -3.60% | 10.98% | -1.89% | 3.93% | -2.79% | 5.58% | -3.19% | -5.40% | 3.29% |
| 2020 | 6.06% | -2.50% | -12.83% | 15.63% | 7.86% | 1.97% | 2.29% | 2.24% | 1.52% | -0.45% | 9.70% | 3.45% | 37.51% |
| 2019 | 11.83% | 6.46% | 2.34% | 1.39% | -5.11% | 4.94% | 4.35% | -2.74% | -0.29% | -1.02% | 7.46% | 0.49% | 33.06% |
| 2018 | 10.77% | -0.19% | -1.39% | 0.70% | 9.20% | -1.11% | 1.87% | 8.99% | 1.38% | -10.68% | 2.03% | -9.98% | 9.47% |
| 2017 | 3.10% | 7.98% | 1.74% | 0.46% | 0.09% | -0.28% | -0.55% | 3.93% | 3.10% | 4.61% | 0.02% | -1.80% | 24.33% |
| 2016 | 0% | -1.15% | 1.51% | 0.42% | 7.75% | -4.27% | 5.71% | -0.23% | 1.25% | -1.91% | 6.19% | 0.22% | 15.86% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
| All Time High | All Time Low | ||
| PRICE: 130.69 | DATE: 12-Feb-2021 | PRICE: 58.59 | DATE: 27-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -4.27% | 10.46% | 5.95% | -7.18% | 2.11% | 2.71% | 0.30% | 0% | 0% | 0% | 0% | 0% | 9.39% |
| 2023 | 10.48% | -1.46% | -0.68% | -4.87% | 4.81% | 1.92% | 0.74% | -9.27% | -5.11% | -8.88% | 10.16% | 6.49% | 1.87% |
| 2022 | -15.31% | -1.99% | 1.46% | -13.14% | -6.40% | -6.32% | 9.27% | -0.11% | -9.51% | 5.78% | -3.45% | -6.27% | -39.36% |
| 2021 | 2.57% | -0.17% | -1.09% | 0.63% | -3.73% | 10.98% | -3.54% | 4.49% | -2.82% | 3.59% | -4.44% | -6.43% | -1.19% |
| 2020 | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1.47% | -1.26% | 11.11% | 3.33% | 15.03% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
| All Time High | All Time Low | ||
| PRICE: 141.58 | DATE: 12-Feb-2021 | PRICE: 62.72 | DATE: 27-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -6.10% | 7.62% | 3.58% | -8.84% | 3.81% | 3.11% | 2.45% | 0% | 0% | 0% | 0% | 0% | 4.63% |
| 2023 | 11.27% | -3.41% | 1.90% | -2.36% | 2.05% | 4.14% | 3.99% | -10.96% | -8.38% | -8.40% | 15.29% | 10.03% | 12.02% |
| 2022 | -17.12% | -0.54% | 1.16% | -17.66% | -5.22% | -6.21% | 9.84% | -2.51% | -10.28% | 4.03% | 1.41% | -3.50% | -40.30% |
| 2021 | 2.05% | -1.67% | -4.87% | 3.83% | -2.44% | 8.50% | -1.91% | 3.54% | -4.32% | 5.45% | -5.56% | -5.41% | -3.96% |
| 2020 | 4.96% | -3.10% | -12.80% | 14.85% | 9.26% | 3.20% | 6.41% | 4.83% | -0.07% | -1.01% | 12.23% | 5.48% | 50.03% |
| 2019 | 11.60% | 5.78% | 0.96% | 1.36% | -5.51% | 6.82% | 1.64% | -3.47% | -1.10% | 1.26% | 6.15% | 2.27% | 30.06% |
| 2018 | 14.67% | -2.00% | -0.36% | -1.29% | 5.70% | -1.17% | 1.93% | 8.14% | 1.46% | -12.98% | 2.08% | -8.76% | 4.65% |
| 2017 | 5.86% | 5.80% | 2.43% | 2.78% | 3.27% | 1.35% | 3.09% | 4.52% | 2.27% | 3.11% | 2.22% | -1.01% | 41.86% |
| 2016 | 0% | -0.78% | 6.25% | 1.08% | 4.70% | -4.51% | 6.36% | -0.37% | 2.02% | -4.19% | 2.38% | -0.46% | 12.46% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
| All Time High | All Time Low | ||
| PRICE: 140.72 | DATE: 12-Feb-2021 | PRICE: 60.83 | DATE: 27-Oct-2023 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | annual | |
| 2024 | -6.17% | 7.54% | 3.49% | -8.93% | 3.73% | 3.04% | 2.36% | 0% | 0% | 0% | 0% | 0% | 4.04% |
| 2023 | 11.16% | -3.48% | 1.81% | -2.44% | 1.96% | 4.07% | 3.88% | -11.03% | -8.45% | -8.49% | 15.20% | 9.94% | 10.89% |
| 2022 | -17.18% | -0.62% | 1.07% | -17.73% | -5.29% | -6.30% | 9.76% | -2.61% | -10.35% | 3.94% | 1.33% | -3.57% | -40.88% |
| 2021 | 1.98% | -1.64% | -4.95% | 3.75% | -2.52% | 8.30% | -1.97% | 3.46% | -4.39% | 5.38% | -5.55% | -5.39% | -4.65% |
| 2020 | 4.75% | -3.15% | -12.92% | 14.85% | 9.17% | 3.12% | 6.22% | 4.76% | -0.15% | -1.08% | 12.15% | 5.40% | 48.41% |
| 2019 | 11.37% | 5.69% | 0.90% | 1.29% | -5.58% | 6.75% | 1.56% | -3.54% | -1.18% | 1.19% | 6.08% | 2.19% | 28.73% |
| 2018 | 14.46% | -2.06% | -0.42% | -1.38% | 5.62% | -1.24% | 1.86% | 8.04% | 1.39% | -13.03% | 2.01% | -8.82% | 3.65% |
| 2017 | 5.70% | 5.69% | 2.37% | 2.71% | 3.19% | 1.27% | 3.01% | 4.42% | 2.19% | 3.04% | 2.15% | -1.08% | 40.47% |
| 2016 | 0% | -0.87% | 6.19% | 1.01% | 4.63% | -4.58% | 6.27% | -0.42% | 1.92% | -4.25% | 2.31% | -0.55% | 11.55% |
*Performance data from February 2016 to July 7th 2020 reflect the historical performances of AtonRâ's thematic certificates. Themes at inception: Mobile Payments, Biotech 360°, Artificial Intelligence & Robotics, Security & Space. Subsequent additions: Bionics (January 2017), Fintech (May 2017), Sustainable Future (October 2018)
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | 0.47 |
| reference index | MSCI ACWI Net TR (USD) |
| correlation | 0.82 |
| beta | 1.29 |
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | 0.41 |
| reference index | MSCI ACWI Net TR (EUR) |
| correlation | 0.80 |
| beta | 1.26 |
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | 0.45 |
| reference index | MSCI ACWI Net TR (EUR) |
| correlation | 0.80 |
| beta | 1.26 |
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | -0.32 |
| reference index | MSCI ACWI Net TR (CHF) |
| correlation | 0.35 |
| beta | 0.73 |
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | 0.43 |
| reference index | MSCI ACWI Net TR (USD) |
| correlation | 0.81 |
| beta | 1.28 |
Statistics
| data as of | 25-Jul-2024 |
| sharpe ratio | 0.39 |
| reference index | MSCI ACWI Net TR (USD) |
| correlation | 0.81 |
| beta | 1.28 |
Characteristics
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170994714
- bloomberg ticker ATNRFFU
- reuters ticker LP68615969
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 1%
- performance fees 10%
- cut-off time 13:00:00
- risk scale 6*
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170995794
- bloomberg ticker ATNRFRE
- reuters ticker LP68615985
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 2.5%
- performance fees 15%
- cut-off time 13:00:00
- risk scale 6*
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170995281
- bloomberg ticker ATNRFPE
- reuters ticker LP68615974
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 1.5%
- performance fees 15%
- cut-off time 13:00:00
- risk scale 6*
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170995364
- bloomberg ticker ATNRFPC
- reuters ticker LP68615973
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 1.5%
- performance fees 15%
- cut-off time 13:00:00
- risk scale 6*
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170995109
- bloomberg ticker ATNRFPU
- reuters ticker LP68615976
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 1.5%
- performance fees 15%
- cut-off time 13:00:00
- risk scale 6*
- legal structure SICAV_UCITS
- umbrella AtonRâ SICAV
- domicile Luxembourg
- isin LU2170995521
- bloomberg ticker ATNRFRU
- reuters ticker LP68615984
- dividend policy CAPITALISATION
- number of holdings 195
- total assets USD 52Mn
- management fees 2.5%
- performance fees 15%
- cut-off time 13:00:00
- risk scale 6*
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
Holdings & Breakdowns
| Top 10 Holdings |
| coinbase global inc microstrategy inc robinhood block inc crowdstrike holdings inc marathon digital palantir technologies inc procept transmedics group shopify inc |
| Top 3 Contributors |
| gmo payment agilent abbott laboratories |
| Bottom 3 Contributors |
| rocket lab usa inc ge vernova (nys) cavendish (osl)hydg. |
| GEOGRAPHICAL BREAKDOWN |
| INDUSTRY EXPOSURE |
Data as of 25-Jul-2024
SFDR related information
Summary
| The Fund … | ||
|---|---|---|
| Complies with article 8 of SFDR | yes | |
| Considers principal adverse impacts on sustainability factors | yes | |
| Has a sustainable investment objective | no | |
| Promotes environmental or social characteristics | yes | |
| Excludes mining, unconventional oil & gas exploration and production, weapon-related products & services, tobacco production | yes | |
| Excludes companies in severe breach of international norms, including the UN Global Compact principles on human rights, labour standards, environmental protection and anti-corruption | yes | |
| Has a specific ESG index | no | |
No sustainable investment objective
The fund promotes environmental or social characteristics but does not have as its objective sustainable investment.
The investment strategy of The AtonRâ Fund (“the Sub-Fund”) is to invest in companies with ESG-related activities.
Moreover, The AtonRâ Fund promotes climate impact mitigation by investing in economic activities with low carbon emissions as the main environmental characteristic.
Environmental or social characteristics of the financial product
To meet the main environmental characteristic promoted by the Sub-Fund and to measure its attainment, AtonRâ Partners S.A. (“AtonRâ” or the “Investment Manager”) selects indicators that are linked to the Principal Adverse Impacts and that are material for this Sub-Fund.
For the collection of these indicators, AtonRâ has relied on the Principal Adverse Impacts of the Regulatory Technical Standards (Commission Delegated Regulation (EU) 2022/1288), which are subject to data availability and may evolve with improving data quality and avail-ability. To this end, AtonRâ uses ESG data provided by MSCI, on top of aggregated data from other sources, to calculate the performance of these PAIs.
The Fund considers the following sustainability indicators linked with the climate impact mitigation characteristic:
- GHG emission - Scope 1, 2 and 3
- Carbon footprint
- GHG intensity of investee companies
Investment strategy
The Sub-Fund invests in long-only listed equities benefiting from secular growth opportunities over a medium to long-term time horizon, with a focus on the technology, healthcare, and renewable energy sectors. Through one single product, investors gather exposure to the company's core growth themes, which have been managed individually since 2014. The main themes covered by the investment strategy are Artificial Intelligence and robotics, Bionics, Biotech, Blockchain, Fintech, Mobile Payments, Sustainable Future, Security, and space.
The Investment Manager builds its decisions on Atonra Partners' unique research and investment approach, which draws scientific, technological, and industrial research together with quality-oriented financial analysis.
The binding elements of the investment strategy used to select the investments to attain the SDG contribution and the climate impact mitigation characteristic are the following:
1. Thematic investing and SDG contribution
The thematic approach of Atonra ensures that all companies in the investment universe have a business activity that directly contributes to reaching the targets of the SDG 9 “Build resili-ent infrastructure, promote inclusive and sustainable industrialization and foster innovation”.
Atonra selects companies that generate at least 20% of their revenue from the theme (AI & Robotics) and its sub-themes'
2. Exclusion strategy
In line with Atonra commitment to responsible investment, this Sub-Fund adopts an exclu-sion policy relating to direct investments that are deemed incompatible with Atonra's ap-proach to responsible investment. The Sub-Fund excludes investment companies based on the exclusion list issued by Norges Bank (which can be found here: https://www.nbim.no/en/responsible-investment/exclusion-of-companies/)
Two categories of criteria may lead to an exclusion of companies:
- Criteria for product-based observation and exclusion of companies
- Criteria for conduct-based observation and exclusion of companies
3. ESG integration
Atonra uses ESG data provided by MSCI (GHG emission - Scope 1, 2 and 3 / Carbon footprint / GHG intensity of investee companies), on top of aggregated data from other sources, that are linked to Principal Adverse Impacts to integrate ESG within its investment strategy.'
Proportion of investments
A minimum of 80% will be invested in asset types aligned with the climate impact mitigation characteristic but will not make any sustainable investments.
The investments in the category Other, up to 20%, are cash, cash equivalents and equity that are not aligned with the climate impact mitigation characteristic or for which there are not sufficient ESG data available. Atonra ensures that these companies pass the other filters, namely the SDG contribution and the exclusion strategy.
#1 Aligned with E/S characteristics includes the investments of the financial product used to attain the environmental or social characteristics promoted by the financial product.
#20ther includes the remaining investments of the financial product which are neither aligned with the environmental or social characteristics, nor are qualified as sustainable investments.
Monitoring of environmental or social characteristics
For the collection of these indicators, Atonra has relied on the Principal Adverse Impacts of the Regulatory Technical Standards (Commission Delegated Regulation (EU) 2022/1288), which are subject to data availability and may evolve with improving data quality and availability.
Atonra documents the above-mentioned principal adverse impacts and conducts regular checks to ensure that investee companies with bad PAI performance are further analyzed, to evaluate the alignment with the investment strategy (be it for current or future investments).
Our Compliance department monitors on an ongoing basis the binding elements of the fund to ensure that these are met throughout the lifecycle of the fund.
Methodologies
By construction, defining a theme creates an active screening to identify companies that meet our thematic selection criteria.
The theme universe is also subject to negative screening for binding exclusion of sectors, using the exclusion list of Norges Bank Investment Management.
Finally, we use ESG data to check the respect of our sustainable objectives. Based on ESG data, Atonra uses a pass/fail approach for selecting eligible investments and periodically reviews whether the criteria are respected over time in the portfolio.
Data sources and processing
Data sources
Atonra uses ESG data provided by MSCI, on top of aggregated data from other sources, to calculate the performance of PAIs.
Measures to ensure data quality
Quality issues or missing data trigger alerts, which are followed by manual reviews from our data engineers.
Data processing
ESG data are updated daily in our internal data platform and made available to our investment teams through our IT platform, which also provides financial and investment analytics.
Estimated data
When data is unavailable for some investee companies, Atonra fills the gap by collecting and aggregating data from other sources.
Limitations to methodologies and data
Limitation to the methodology
The Fund's carbon emissions may be higher than a low carbon fund or benchmark as the fund is not only seeking to invest in low carbon solutions, but also in companies that are transitioning or that are enabling clean activities.
Limitation to the data sources
As Atonra considers MSCI as its sole data provider and does not verify the accuracy and completeness of the assessments and positive lists provided by MSCI, restrictions on fulfilling the sustainability criteria could arise.
In order to minimize the aforementioned limitation, Atonra has carefully selected the data provider MSCI and is in regular exchange with MSCI on developments in data quality.
We address such limitations by constantly monitoring potential new relevant data sets from external providers.
Due diligence
If any investment instrument does no longer fulfil the sustainability criteria, Atonra's Investment Committee will assess if any decision has to be taken on the portfolio composition, whilst safeguarding the Investor's interests.
The firm's investment committee reviews the portfolio composition on a regular basis. An external check for compliance with the sustainability criteria does not take place.
Engagement policies
Atonra does not engage directly with investee companies and does not influence business activity or risks.
Designated reference benchmark
No specific ESG index has been designated
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| Asset class | EQUITY |
| Inception date | 07-Jul-2020 |
| Currency | USD ($) |
| ISIN | LU2170994714 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 86.34 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
ENG
| Asset class | EQUITY |
| Inception date | 15-Jul-2020 |
| Currency | EUR (€) |
| ISIN | LU2170995794 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 83.77 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
ENG
| Asset class | EQUITY |
| Inception date | 04-Aug-2020 |
| Currency | EUR (€) |
| ISIN | LU2170995281 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 86.48 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
ENG
| Asset class | EQUITY |
| Inception date | 24-Sep-2020 |
| Currency | CHF (CHF) |
| ISIN | LU2170995364 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 75.83 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
| Asset class | EQUITY |
| Inception date | 07-Jul-2020 |
| Currency | USD ($) |
| ISIN | LU2170995109 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 83.3 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
ENG
| Asset class | EQUITY |
| Inception date | 07-Jul-2020 |
| Currency | USD ($) |
| ISIN | LU2170995521 |
| Investment manager | AtonRâ Partners SA |
| Issue price | 100 |
| Last price | 80.2 |
| Management company | Lemanik Asset Management SA |
| Custody, administration and transfer agent | Société Générale Luxembourg (SGSS) |
ENG