The Sustainable Dividends Value Fund has had a reasonable quarter. The investors in the fund achieved a return of 0.8% on their investment. This put us fractionally ahead of the MSCI Europe. On average, the European equity markets showed an increase of 0.7% in the past quarter. Since its inception in 2016, the fund has now delivered 74% returns, compared to 43% 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. The fund does not hold shares in companies that have suffered permanent, irreparable damage to their business model as a result of the crisis. Many of our investments were able to benefit 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.