Goldman Sachs Global Social Impact Equity (X Cap) EUR

Valuation Day

16/05/2024

Net Asset Value

6374.4700

Risk level

MorningStar

Investment Scope

The Fund is classified as a financial product under Article 9 of the EU Sustainable Finance Disclosure Regulation. The Fund has sustainable investment as its objective. 

The Fund uses active management to target companies that generate a positive social impact alongside a financial return. The fund has an impact investment approach. The Fund aims to promote inclusive growth by contributing to a better quality of life and enabling people to participate in economic development. In order to achieve this, the Fund focuses on a number of themes aligned with this objective, including but not limited to: thriving communities economic empowerment, safe society and good health & well-being. The selection process involves thematic alignment, financial analysis and ESG (Environmental, Social and Governance) analysis, which may be limited by the quality and availability of the data disclosed by issuers or provided by third parties. Examples of non-financial criteria assessed in the ESG analysis are carbon intensity, gender diversity and remuneration policy.

Mainly companies with positive social impact will qualify for inclusion in the fund. The Fund aims to make no investments in companies with controversial activities and controversial ESG behaviours or companies that violate Global Compact principles such as human rights protection and environmental preservation. The Fund also aims to make no investments in companies involved in activities including but not limited to, the development, production, maintenance or trade of controversial weapons, the production of tobacco products, thermal coal mining and/or oil sands production. Further, more stringent restrictions are applicable for investments in companies involved in activities related to gambling, weapons, adult entertainment, fur & specialty leather, Arctic drilling and shale oil & gas. The fund has a global investment universe that is aligned with long term societal trends. At least annually, its initial investment universe is reduced by at least 20%, as a result of the application of a “Best-in-Universe” approach and the above-mentioned exclusions and restrictions. The fund strives to add value through company analysis, engagement and impact measurement. The fund does not have a benchmark. The MSCI AC World (NR) is used as a reference index for long term financial performance comparison purposes. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.

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Past returns do not predict future returns

Historical NAV

Calendar Year Performance (NET %)

Cumulative Performance (ΝΕΤ %)

EUR 1y 3y 5y
Fund 8.99 -4.79 21.67
Share Class Benchmark - - -
Date Report 30/04/2024

Practical Info

ISIN Code: LU0332192888
Currency: EUR
Unit class: X CAP
Asset class: Equity
Region: Global

Risk and Reward Profile

Historical data, such as is used for calculating this indicator, may not be a reliable indication of the future risk profile of this fund. There is no guarantee that the risk indicator will remain unchanged, it may shift over time. The lowest category of risk does not mean that the investment is riskfree. This fund is in this specific category because of the behaviour of the product during the measuring period. The overall market risk, taking into account past performances and future potential evolution of the markets, associated with stocks and/or financial instruments used to reach the investment objective is considered high. Stocks and/or financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of stocks and/or financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country. The Sub-Fund’s liquidity risk is set to medium. Liquidity risks may arise when a specific underlying investment is difficult to sell. Moreover, currency fluctuation may impact highly the Sub-Fund’s performance. Investments in a specific theme are more concentrated than investments in various themes. No guarantee is provided as to the recovery of your initial investment. The fund may invest in China A-shares through Stock Connect, a system facilitating equity investment to the Chinese market. Investments through this system are subject to specific risks, including but not limited to, quota limitations, trading restrictions, recalling of eligible stocks, clearing and settlement risk and regulatory risk. Investors are advised to familiarise themselves with the risks of this system as outlined in the prospectus.

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Synthetic Risk and Reward Indicator

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