Pharus Sicav Best Regulated Companies

Class AD
ISIN: LU1868872042
Category: Other Equity
Back to Fund List
Share on:
Linkedin
Twitter
29.04.2025
Key Information
Net Asset Value98,90 EUR
Fund Size42.800.487 EUR
Launch Date 1 apr 2019
BenchmarkS&P Global Infrastructure Net Total Ret
Key Information
Management information
SicavPHARUS SICAV
Management CompanyPHARUS MANAGEMENT LUX SA
Investment ManagerPharus Asset Management SA
Key Information
Investment objective
The objective of the segment is to grow capital over the medium to long term by investing in specialized infrastructure companies within regulated sectors. These are infrastructure networks that offer services of strategic/social importance to states, and for these reasons often operate as monopolies, being remunerated by ex-ante defined returns. The sector has little connection to the business cycle, and the companies are characterized by very stable earnings growth and high cash flows that result in solid and sustainable dividend yields over time.
Key Information

Risk & reward profile

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
29.04.2025
Manager comment
Manager comment
In March, Pharus Best Regulated Companies recorded a performance of +2.72%, bringing the year-to-date performance to +8.11%. Global equity markets closed lower (Global Equities -4.4%, YTD -1.68%) due to uncertainty linked to trade policies related to the tariffs announced by Trump for April 2nd. Signs of a more cautious U.S. consumer and rising inflation expectations fueled concerns about growth and worsened sentiment. In Europe, Germany’s fiscal policy took an expansionary turn with the announcement of substantial investments in infrastructure and defense. Bund yields rose by 30 basis points, while U.S. yields remained stable. In this risk-off environment, the defensiveness of utilities has been rewarded, as they also benefit from not being impacted by tariffs. Corporate fundamentals remain solid, and European utilities offering dividend yields between 4%-5% are particularly attractive.
Documents
N.A.

Last updated on 29.04.2025

*Performance is shown with gross income reinvested, based on net asset value and does not include the effect of any initial or exit charges.
* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
Euro Fx Curr Fut Jun25 62.68 %
Nextera Energy Inc 7.24 %
Iberdrola Sa 5.37 %
Southern Co/the 4.75 %
Duke Energy Corp 4.67 %
Enel Spa 4.48 %
National Grid Plc 3.75 %
Snam Spa 3.26 %
Terna-rete Elettrica Naziona 2.85 %
Constellation Energy 2.84 %
Top Ten Holding
How to invest
SFDR Article: 8

SFDR Article: 8

The Sub-Fund does not have as its objective a sustainable investment, but promotes social characteristics with a proportion of sustainable investments with a social objective and environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy of at least 80% of its assets.

Objectives

The Sub-Fund’s sustainable investment objective is to protect the planet’s natural resources and climate for future generations, investing in companies with limited revenues coming from business with high carbon emissions, water stress, impact on the climate, toxic emissions and waste, in favor of companies offering and developing renewable energies. Moreover, it promotes, just and inclusive principles, evidencing a strong Sustainability rating and following good governance practices, while avoids the exposure to companies involved in controversial weapons production, tobacco production, adult entertainment, gambling sector, violation of United Nation Global Pact, as per the internal ESG policy defined.

The environmental characteristics promoted by the sub-fund are linked to:

  • Reduction of the environmental impact in the production phases
  • Attention on the consumption of natural resources
  • Development and diffusion of environmentally friendly technologies.

Social characteristics promoted are mainly represented by the below:

  • Security of products and health
  • Human rights and human dignity
  • Equality labour conditions
  • Governance
The environmental characteristics promoted by the sub-fund are linked to:

The environmental characteristics promoted by the sub-fund are linked to:

  • Reduction of the environmental impact in the production phases
  • Attention on the consumption of natural resources
  • Development and diffusion of environmentally friendly technologies.
Social characteristics promoted are mainly represented by the below:

Social characteristics promoted are mainly represented by the below:

  • Security of products and health
  • Human rights and human dignity
  • Equality labour conditions
  • Governance
As of 31.03.2025
As of
1
Enviroment
2
Security of products and health
3
Human rights and human dignity
4
Equality labor conditions
5
Governance

Asset Allocation

All the investments are assessed ex ante by an independent external ESG advisor and need to be compliant with including criteria and not in breach with excluding criteria set out on the applicable ESG policy. Investments aligned with E/S characteristic must attain the social and environmental characteristics promoted by the financial product and must represent at least 80% of the Sub-fund’s asset. Sustainable investments are investments in securities whose rating is considered acceptable and which comply with the excluding criteria set out in the ESG policy applicable. Other Investments include cash, derivatives, bonds and equities which do not have any ESG rating or with a weak ESG rating and can represent up to 20% of the portfolio.

Asset Allocation

Principal adverse impacts

This financial product considers PAI and monitors additional PAI with the support of an ESG Advisor that produces, on quarterly basis, a complete report that illustrates the PAI and the results for the portfolio. Furthermore, the Sub-Fund focuses on the PAI number 10 and 11. PAI number 10 monitors/takes into consideration weight of company with severe violation of UNGC principles or OECD guidelines for multinationals. PAI number 11 refers to weight of companies without mechanism for monitoring the compliance with UNGC principles and OECD guidelines.

Binding elements

The exclusion criteria applied to the investment universe, are aimed to exclude companies

Involved in controversial weapons production whose revenues deriving from the production of nuclear, biological and chemical weapons are higher than 5%
Whose revenues deriving from gambling sector is higher than 5%;
Whose revenues deriving from the tobacco production is higher than 5%;
Whose revenues deriving from adult entertainment sector is higher than 5%;
Which do not respect the principles of United Nation Global Pact.

The inclusion criteria is made up by 60% of scoring weight related to environmental factors, the other 40% is about Social and Governance factors including such companies:

Whose revenues deriving from toxic emissions are below 5%
Whose revenues linked to carbon emission are below 5%
Whose revenues deriving from water stress are below 5%
With revenues deriving from renewable energy
Limiting their impact on the climate
Treatment of emplyees
Product safety
Business ethics

In addition to the above, another binding element is the use of ESG ratings. The certified portfolio average ESG Quality score is B+ with a portfolio ESG Rating of 6.74, which cannot fall below B.
ESG Rating
Portfolio Scores
31.03.2025
B+
ESG Quality Score
6.74
Documents
Fund not available

The fund you are trying to view is not in line with the current risk profile settings.
Your selection is

PLEASE CHANGE THE INVESTOR TYPE AND THE COUNTRY

This website is provided by Pharus Group for information purpose only. Belongs Pharus group: Pharus Asset Management SA (Switzerland) and Pharus Management Lux SA (Luxembourg), and its Italian Branch. Pharus Group selects the data and information contained in the website with utmost care from sources it believes to be reliable and carries out periodical updates.

Read more