A very good 2021 stock market was followed by a quarter of profit-taking at the start of the new year. The investors in the Sustainable Dividends Value Fund achieved a return of -5.5% on their investment. Influenced by the war in Ukraine and fears of rising interest rates, European stock markets fell by an average of 5.3%. The last weeks of the quarter showed a strong recovery in prices. These were mainly due to companies that are able to pass on the increased costs of materials and energy to their customers. Since its inception in 2016, the fund has delivered over 74% return, compared to 46% for the MSCI Europe. It is clear that sustainable investing does not have to come at the expense of returns. Our strategy has proven itself in good times as well as in difficult times. Many of our investments have benefited from the economic recovery in the past year. In the past quarter we again welcomed several new investors to our fund. Our team will once again do everything it can to live up to the trust placed in us.



The fund

Sustainable Dividends offers an investment fund that invests in a well-diversified portfolio of European companies at the forefront of the sustainability transition. Our focus is on a disciplined investment process, while applying both qualitative and quantitative financial criteria.