The Sustainable Dividends Value Fund can look back on another good quarter. The investors in the fund achieved a return of 3.5% on their capital. The return of the MSCI Europe, which showed an increase of 0.1% in the same period, was far exceeded. Investors in the fund have so far achieved a positive return of 0.4% this year. The MSCI Europe has a negative return of -12.7% over the same period. Since its inception in 2016, the fund has made more than 42% return, compared to 11% for MSCI Europe. It is clear that sustainable investing does not have to come at the expense of returns. Our strategy remains intact, even in difficult times. Especially because the fund does not hold shares of companies that have suffered permanent, irreparable damage to their business model as a result of the crisis. We have also welcomed several new customers this quarter. Our team will again do everything it can to live up to the confidence they have put 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.