Third quarter 2023

Sustainable Dividends Value Fund Kwartaalbericht Q3 2023

Every day, the companies in our fund are busy solving today’s important sustainability issues. For example, Alfa Laval, Solar and Bravida are involved in the production of heat pumps to heat or cool your home in an energy-efficient manner. SKF and TKH are involved in generating your energy in a sustainable way with wind turbines. And Vopak and SMS are active in developing and maintaining large batteries that are needed for the temporary storage of sustainably generated energy. Not only are the products of these companies sustainable, but they also ensure that their own production is as energy efficient as possible. All this helps us in the fight against global warming and climate change. However, there are large differences in performance from quarter to quarter, and in recent months it has become clear that several projects in the wind sector are being delayed due to the rapid increase in interest rates. Several companies have indicated that they are affected by this. Partly as a result, the fund’s price fell by 7.1% in the third quarter. However, this is a snapshot in the multi-year story of the energy transition. The demand for sustainably generated energy and the products of our companies is growing rapidly, and we are convinced that these companies and their shareholders will sooner or later be rewarded.

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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.

Testimonials

Harm Welleweerd
Former CEO iwell

Companies that see circular commodities and the clean energy transition as real opportunities have the best chances for successful growth. The Sustainable Dividends Value Fund focuses especially on this type of companies. This offers me greater certainty of returns and the chance to invest equity capital in accelerating the transition into a more sustainable society.

Bart van Asten
CTO of WorldACD Market Data

The Sustainable Dividends Value Fund invests in companies that take sustainability seriously. The fund is run by experienced people whom I have known for a long time and in whom I have great confidence. Those two factors ensure that I have been a participant in the fund for many years with peace of mind.

Milko Brinkman
Founder Brinkman Financial Consultants

The Sustainable Dividends team strives for socially sustainable impact. The world is changing rapidly. From my beach house, I saw Boskalis doing sand replenishment, TKH pulling cables to offshore wind turbines and Fugro mapping the North Sea and coastlines. Ørsted builds offshore wind farms, Vopak takes care of hydrogen storage and LNG, and SKF supplies ball bearings for wind turbines. Investing is that simple, and the Sustainable Dividends Value Fund invests in some of these companies.

Michiel Langezaal
co-founder and CEO Fastned

What really appealed to me about Sustainable Dividends is the story. First, we invest only in sustainable companies. Then, we look for companies that show an upward trend in dividend payments because companies with growing dividends have historically achieved above-average returns. A refreshingly simple and clear strategy that gives me confidence.