the guide to sustainable funds 2013

8/14/2019 The Guide to Sustainable Funds 2013

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Sustainable Funds

www.blueandgreentomorrow.com

KNOW WHAT YOU

OWN AND KNOW

WHY YOU OWN IT

- US INVESTMENT

GURU PETER LYNCH

The Guide to

OCTOBER

2013


2/962OCTOBER2013 | BLUE & GREEN COMMUNICATIONS 2013

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14 SUSTAINABLE FUNDSDIRECTORY

15- UK EQUITY

26- FIXED INTEREST

30- AGRICULTURE

38- CARBON FOOTPRINT

40- CLEAN ENERGY

46- WATER

50- FORESTRY

52- ENVIRONMENTAL

59- MULTI-THEMATIC(SCREENED)

67- MULTI-THEMATIC(NON-SCREENED)

70- GLOBAL EQUITY

75- ASIA & EMERGING

78- EUROPE

82- MANAGED

87 SUSTAINABLE FUNDS INDEX

CONTENTS

FOREWORD

PUBLISHER

Simon Leadbetter

EDITOR

Alex Blackburne

WRITERSIlaria Bertini, Nicky Stubbs,Tom Revell, Charlotte Malone

HEAD OF MARKETINGSeth Kirby

DESIGNER

Dorina Cioria

www.blueandgreentomorrow.comwww.blueandgreeninvestor.com

[email protected]

TWITTER@bluegreentweet@bluegreeninvest

FACEBOOKwww.facebook.com/

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WRITE11 Steep Hill

Lincoln, LincolnshireLN2 1LTEngland

The right of Blue & GreenCommunications limited tobe identified as the author

of this work has beenasserted in accordance

with the Copyright,Designs and Patents act2000. All rights reserved.

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com/copyright

If you want to invest in an ethical or sustainable fund, but dont know whats on offer, yourereading the right publication.Blue & Green Tomorrows Guide to Sustainable Funds 2013 looks at 134 investment vehiclesthat offer wider benets either to society, the environment or both as well as generating a

healthy nancial return.Data by the ethical investment research rm EIRIS, released in the run-up to this years NationalEthical Investment Week, suggested there was a record 12 billion invested in UK green andethical retail funds, as of June 2013. This represented a rise of around 1.2 billion from 2012, and adramatic increase from the 4 billion that EIRIS said was invested in such funds in 2001.

However, the 134 investment funds in this guide taken from Blue & Green Tomorrows sister siteBlue & Green Investor (which in turn gets its information from Financial Express) were worthover 22 billion as of October.Both sets of data suggest ethical and sustainable investment is on the rise, and recent excellentreturn statistics bust the age-old myth of underperformance by such funds. Blue & Green analysisshows that 19 out of 21 UK ethical equity funds had outperformed the FTSE 100 over the past

year. Meanwhile, the overall top performing fund Guinness Alternative Energy returned 85% inthe year until October 16, compared to the FTSE 100s 12%.Whether its a themed fund investing in clean energy, agriculture, forestry, water and soon; a negatively screened fund avoiding harmful or unethical industries; or simply a fundthat seeks to tackle key sustainability challenges, the Blue & Green database has somethingto match your criteria.

EDITOR, BLUE & GREEN TOMORROW


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Aim Name Invests in

Growth Sustainable Future Absolute Growth Equities (biased towards the UK)

Income & Growth Sustainable Future Managed Global and UK Equity/Corporate bonds

Growth Sustainable Future European Growth Equities

Growth Sustainable Future UK Growth Equities

Growth Sustainable Future Global Growth Global Equities

Growth UK Ethical UK Equities (see additional screening criteria on the website)

Income Sustainable Future Corporate Bond Corporate Bonds

Real SRI assessment we analyse how a companys Environmental, Social and Governance (ESG) issues affect its valuation.

Identifying sustainable companies We use our Sustainability Matrix to measure how sustainablecompanies are and determine their eligibility for the SustainableFuture funds. We analyse a range of criteria and score how acompany performs by reviewing product sustainability andmanagement quality. For a company to be considered forinclusion in our portfolios, it must rank C3 or higher on ourmatrix. For further information on our Position on Sustainabilityplease visit the website www.alliancetrustinvestments.com

Third party screen Systems in place to ensure there are nopossible breaches of our sustainability criteria.

Advisory Committee They help guide our position on any contentious sustainability issues.

Alliance Trust Investments (ATI) is one of the biggestplayers in the Sustainable and Responsible Investment(SRI) market with 1.4bn* assets under management. Ourseven strong team has significant experience in managingthe Sustainable Future range, which offers a diverse rangeof funds from corporate bond, through mixed asset funds,and a selection of equity funds.

Investing in SRI means investing for a positive future, whichis fundamental to our team at Alliance Trust Investments.Our aim is to build diversified portfolios of well run sustainablecompanies who make a positive contribution to our worldand society and are therefore inherently in a better position toprosper than those that dont, and when undervalued, makebetter investments than the market.

Our process

A thematic approach

The Alliance Trust Sustainable

Future fund range

Peter has been managing money in Sustainable andResponsible Investment for over 12 years. Prior tojoining Alliance Trust Investments in August 2012,he was Head of Sustainable and Responsible

Investment at Aviva Investors.

After completing a PhD in Environmental Economics,Peter started his career working for the SteelConstruction Institute as a Senior EnvironmentalEngineer. He then moved to Henderson GlobalInvestors where he was able to use his experience asan SRI Analyst and Assistant Fund Manager. In 2001he moved to Aviva Investors where he was promotedto lead manager on a number of their SRI funds.

PETER MICHAELISHead of SRI, Alliance Trust Investments

The team look at four key themes, Climate Change & EnergyEfficiency, Quality of Life, Sustainable Consumption andGovernance & Risk Management. By understanding howbusinesses will be affected by these trends, they are able to

identify the companies that are set to benefit from theselonger-term changes and invest if, following fundamentalanalysis, they believe they are undervalued.

MANAGEMENT QUALITY

1 2 3 4 5

PRODUCT

SUSTAINABILITY

A

B

C

D

E

suitable for investment not suitable for investment

*As at 30/09/2013

Our funds



Weve seen the

sense in sustainability

Sustainable and responsible companies positively impact on society and the environment,

and increasingly deliver great potential for sustainable growth. If you thought that choosing

a sustainable investment meant sacrificing performance potential, think again.

Important information

Past performance is not a guide to future performance. The value of investments and any income from them can go down as well asup. Your capital is at risk and you may not get back what you originally invested.

Funds which undertake ethical screening to meet their investment aims are unable to invest in certain sectors and companies.Our exclusion of some areas of the market (on ESG grounds) may result in periods of under-performance with respect to relevantbenchmarks. For instance if tobacco stocks were enjoying extremely strong returns we would not be able to participate in their gains.

For a full list of the risks associated with the funds please read our Fund Section on our website www.alliancetrustinvestments.com

Alliance Trust Investments Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC330862, registered office, 8 West Marketgait, Dundee DD1 1QN; is authorised and

regulated by the Financial Conduct Authority, firm reference number 479764. Alliance Trust Investments gives no financial or investment advice.

Were on to something big here.



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ince its foundation 126 years ago, the nameEcclesiastical has remained constant duringthe rms journey to become one of the largestBritish-owned insurers. Of course, today it offers

much more than just award-wining insurance withnancial services, risk management and investmentmanagement important parts of its business.

Investment historySince March 1988, Ecclesiastical Investment Manage-ment has been at the forefront of socially responsibleand ethical investments. Twenty-ve years ago underthe leadership of Sue Round, head of investments, itlaunched one of the UKs rst retail ethical investmentfunds the Amity UK Fund.

Sue has remained at the helm of Amity UK ever since,providing invaluable investment advice to the full rangeof Amity Funds, and contributing to Ecclesiastical win-ning Best Ethical Investment Provider in the Moneyfacts

Awards in 2009, 2010, 2011 and 2012.The company uses its vast experience and in-house re-search team to analyse both a rms nancial and sociallyresponsible activities, ensuring that it follows Ecclesiasti-cals socially responsible investment philosophy of prot

with principles.

Investment approach

Ecclesiastical offers six investment funds, including theAmity range of four ethically screened funds. Investorscan choose to invest directly or via an ISA (IndividualSavings Account).Its objective is to achieve long-term capital returns

within a principled framework. It starts with a 'stockpicking' approach looking for individual companies

with sound nancials, good management, growth pros-pects and the potential to generate strong cash-ow.If the nancials look attractive, it applies its negativeand positive screening criteria, capturing a company'ssocially responsible credentials.

It's a principled yet intensely practical approach, be-cause there is a link between positively screened, wellmanaged companies and good business these are thecompanies of tomorrow.

Long-term visionEcclesiastical usually takes a position in companies

whose potential is in their corporate plans for long-termbusiness growth. It avoids churning shares for the sakeof it, preferring to build enduring relationships with thecompanies they invest in.

Integrated in-house financial and sociallyresponsible analysisFund managers work with Ecclesiasticals in-house

team of socially responsible investment analysts tocarry out thematic and stock-specic research, identify-ing new investment ideas and initiating an on-goingdialogue with companies.It's an integrated system that brings its fund managersownership of the whole process. They operate witha much deeper knowledge about what their candi-date companies are actually doing and so are betterequipped to make more considered and careful invest-ment judgements.

All their stock buying decisions, policies and processesare reviewed by an external panel of senior nancial,

business, church gures and members of the clergy.Panel members receive all Ecclesiasticals Financial andSocial Responsibility research reports for analysis. Theyalso meet regularly with the fund managers and play akey role in ensuring we comply with our socially respon-sible criteria.Ultimately this offers an added layer of assurance that yourmoney is actually being invested in companies that Eccle-siastical knows are contributing to a safer, cleaner, better

world and that are managed efciently and correctly.www.ecclesiastical.com

ECCLESIASTICALESTABLISHED IN 1887 TO PROTECT THE ANGLICAN CHURCH, AND STILL COMMITTED TODOING THIS TODAY, ECCLESIASTICAL HAS GROWN TO PROVIDE TAILORED INSURANCESOLUTIONS FOR ORGANISATIONS AND PEOPLE WHO CARE SUCH AS CHARITIESAND HERITAGE PROPERTY OWNERS.



Ecclesiastical Investment Management Limited

PRINCIPLES

WITHPROFIT

You can find us on most platforms including:

Past performance should not be seen as a guide to future performance.The value of an investment and income from it can fall as well as rise, and you may not get back the amount that you invest.

Ecclesiastical Investment Management Limited (EIM) Reg. No. 2519319.

Registered in England at Beaufort House, Brunswick Road, Gloucester, GL1 1JZ, UK. EIM is authorised and regulated by the Financial Conduct Authority.

Award-winning performance with

a socially responsible approach

Ecclesiastical Investment Management is a long-standing, expert provider

of SRI investments. Our Amity range includes ethical funds which:

n Are rated by Rayner Spencer Mills for quality of performance

n Helped make us Moneyfacts Best Ethical Provider for four years runningn Are managed by Citywire-rated and Trustnet Alpha-rated fund managers.

To find out more, visit us at www.ecclesiastical.com



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INVESTING IN THE NEW ECONOMY

CLIMATE ASSETS FUNDBEST PERFORMING FUND AT BARCHESTER GREENS

ETHICAL INVESTMENT AWARDS 2012

Contact Claudia Quiroz on +44 (0)20 7438 5749

or William Buckhurst on +44 (0)20 7845 6160 or visit quiltercheviot.com

The value of investments, and the income from them, can go down as well as up.

You may not recover what you invest. Past performance is no guarantee of future returns.

There are risks involved with this type of investment. It is always recommended that potential investors seek independent advice beforeplacing an investment. Please refer to the Prospectus, Key Investor Information and Supplementary Information documents for furtherdetails, available free of charge from the Authorised Company Director WAY Fund Managers Limited, Cedar House, 3 Cedar Park, CobhamRoad, Wimborne, Dorset BH21 7SB. These documents are only available in English. The Climate Assets Fund is a sub-fund of the SunPortfolio Fund which is an open ended investment company authorised and regulated by the Financial Conduct Authority. Quilter CheviotLimited is registered in England with number 01923571, registered office at St Helens, 1 Undershaft, London EC3A 8BB. Quilter CheviotLimited is a member of the London Stock Exchange and authorised and regulated by the UK Financial Conduct Authority.



We are very proud of the Climate AssetsFund. I joined Quilter Cheviot 4 years ago

particularly to develop this investment

strategy. Today, we have a dedicated team

with over 3-years performance track record

and an established investment process. The

Fund has returned +34.09%*, since launch

in March 2010, compared to the FT APCIMS

Balanced rising +32.61%.

Too many ethical funds have been overlyvolatile and not delivered on performance.

At Quilter Cheviot, we are passionate about

delivering a sustainable investment solution

that is both multi-asset and offers an

attractive dividend yield. The Climate Assets

Fund benefits from the considerable depth

of analytical resource that Quilter Cheviot

can draw on.

CLAUDIA QUIROZINVESTMENT DIRECTOR

WILLIAM BUCKHURSTINVESTMENT DIRECTOR

QUILTER CHEVIOT WELCOMESETHICAL INVESTORS.We are one of the UKs largest independently owned private client investment management firms

with a heritage dating back to 1771.In recent years, we have seen an increasing number of clients

becoming more interested in sustainable investment, wanting to invest their wealth in companies

delivering a cleaner and more efficient economy the New Economy.

Providing a sustainable investment strategy that does not compromise performance is a priority

for Quilter Cheviot. Claudia Quiroz and William Buckhurst are responsible for the delivery of this

proposition. Our clients benefit from the wealth of experience the team has in managing sustainable

investments.

Our global multi-asset Climate Assets Fund invests in established leaders and emerging winners that

stand to benefit from the convergence of climate change, population growth and resource scarcity.

The Fund seeks to invest in companies providing the products and technologies to deliver the New

Economy. Climate Assets is designed to meet the needs of many individual investors, through

diversification across asset classes and seeking to provide a balance between income and growth which

combine to smooth market volatility.

OUR INVESTMENT PROCESSQuilter Cheviots investment process combines strong disciplines with bespoke, flexible asset

allocation and stock selection. Our approach is a combination of bottom-up and top-down analysis.

We are not constrained by one particular investment style (such as growth, value etc.) and believe the

best returns come from a flexible approach during different economic cycles.

We aim to reflect our views on asset class and geographical allocation through the portfolio and

support these with conviction ideas within our five investment themes: Low Carbon Energy, Food,

Health, Resource Management and Water. To select our holdings we use a combination of quantitative

analysis, in-house fundamental research, brokers research notes and management meetings.

*Source: Financial Express, performance to 30 September 2013. A Accumulation share class performance,

inclusive of charges, in GBP with net income reinvested. Past performance is not a guarantee of future results.


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POLYP.ORG.UK



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DisclaimerThe value of ethical and green investments can go down in value as well as up, so you could get back less than you invest. It is therefore importantthat you understand the risks of investing. Our aim is to provide you with the best information we can to help you make decisions about ethical

and green investments. It is not to advise you on the suitability of an investment to your personal circumstances. Nothing written in this guide

should be considered personal advice, nor do Blue & Green Tomorrow accept liability for any inaccurate information. If you are unsure about the

suitability of an ethical and green investment please contact Blue & Green Tomorrow or your financial adviser.

The following pages give details on a wide range ofethical and sustainable investment funds. If yourelooking for your money to make a positive differenceto society, there will almost certainly be a fund to

match your criteria.In total, there are 134 funds the information on which hasbeen taken from the Blue & Green Investor Fund Library, whichis a feed from Financial Express. The data is accurate as of Octo-ber 16 2013.

They are categorised into the following 14 categories: - UK equity (Pages 15-25) - Fixed interest (26-29) - Agriculture (30-37) - Carbon footprint (38-39)

- Clean energy (40-45) - Water (46-49) - Forestry (50-51) - Environmental (52-58) - Multi-thematic (screened) (59-66) - Multi-thematic (non-screened) (67-69) - Global equity (70-74) - Asia & Emerging (75-77) - Europe (78-81)

- Managed (82-86)To nd a specic fund, see the index on pages 87 and 88. Forinformation on what each fund listing means, see the diagram.The top performing fund from each category has been marked,as well as the top 10 performing funds overall.

How to navigate...

Category

Name of fund

Blue&Greens ownsummary of the fund

What the fund aims todo and how

The top 10 largest stocksin the fund

Income return on theinvestment

Total rate of return overone year

The total costsassociated withmanaging the fund

The type of assets thatmake up the fund

Where does thefund inves?

Does the fund have anyethical screens?

The type ofinvestment fund Fund size in m

UK EQUITYAberdeen Responsible UK Equity

Blue & Green SummaryAn ethically screened, UK equity fund

Fund overviewThe fund seeks long term growth by investing in a diversied portfolio ofUK companies. Equity selection will be undertaken on the basis of thoroughfundamental company analysis but environment, social and governance criteriawill also be taken into account. Where an investee companys practices areconsidered to be lacking or decient with regard to these criteria, the managerwill encourage the company to adopt more responsible practices.

Top 10 HoldingsRoyal dutch shell 4.90%

Unilever 4.70%Centrica plc 4.50%Bhp billiton 4.50%Glaxosmithkline 4.40%Hsbc hldgs 4.30%Pearson 4.20%Bg group 4.20%Prudential 4.20%Standard chartered 3.90%

Basic detailsType OEICSize (m) 24.84Yield 1.59%1yr TRR 13.98%TER 1.57%Class EquityRegion UKScreens Yes



UK EQUITYAberdeen Responsible UK Equity

UK EQUITYAlliance Trust Sustainable Future UK Growth

Blue & Green SummaryAn ethically screened, UK equity fund

Fund overviewThe fund seeks long term growth by investing in a diversied portfolio of UKcompanies. Equity selection will be undertaken on the basis of thorough funda-mental company analysis but environment, social and governance criteria willalso be taken into account. Where an investee companys practices are consid-ered to be lacking or decient with regard to these criteria, the manager willencourage the company to adopt more responsible practices.

Fund overviewThe Fund aims for long-term capital growth, this is generally regarded as 5

years or more. It will invest in the shares of a broad range of UK companiesbased on the Fund Managers view of their long-term return prospects. It willinvest only in companies that meet our sustainability criteria. Typically at least80% of the Fund will be invested in the shares of UK companies. Investmentsin the UK bond market may also be made from time to time.

Top 10 HoldingsRoyal dutch shellUnilever

Centrica plcBhp billitonGlaxosmithklineHsbc hldgsPearsonBg groupPrudentialStandard chartered

Top 10 HoldingsGlaxosmithklineKingspan groupBt group

Arm hldgsPrudentialBg groupCompass group

Legal & general groupNational express groupParagon group of companies



Blue & Green SummaryAn ethically screened, UK, Multi-Thematic fund with the Sustainable Futurethemes of: Climate Change, Quality of Life, Sustainable Consumption andGovernance.



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UK EQUITYAlliance Trust UK Ethical

UK EQUITYCF Canlife General

Blue & Green SummaryAn ethically screened, UK fund

Fund overviewThe Fund aims for long-term capital growth, this is generally regarded as 5years or more. It will invest in the shares of a broad range of UK Companiesbased on the Fund Managers view of their longterm return prospects. It willinvest only in companies that meet our sustainability criteria. The fund hasstricter exclusion criteria than the SF UK Growth Fund; please see the invest-ment approach section for further details. Typically at least 80% of the Fund willbe invested in the shares of UK companies.

Fund overviewCF Canlife General fund is mostly invested in UK equities. This fund can also

take advantage of the growth prospects offered by companies quoted on non-UK equity markets.

Top 10 HoldingsArm hldgsKingspan group

PrudentialBt groupNational express groupParagon group of companiesLegal & general groupSmith(ds)Experian plcStandard chartered

Top 10 HoldingsHsbc hldgsDiageoIshares ftse 250 ucits etf gbpSabmillerRoyal dutch shellShire plcBt group

UnileverRolls-royce hldgs plcBarclays plc


Basic detailsType UnitSize (m) 96.43Yield 0.56%1yr TRR 17.84%TER 1.56%Class EquityRegion UKScreens Yes

Blue & Green SummaryAn ethically screened UK equity fund



UK EQUITYCF Canlife Growth

UK EQUITYCharishare Restricted


Fund overviewCF Canlife Growth is a fund that seeks to provide long-term capital growththrough investment in UK equities.

Fund overviewCharishare Restricted is one of six Common Investment Funds managed byBlackRock that have been specically designed to meet the investment needs ofcharities. The Fund offers charities access to a professionally managed, diversi-ed equity portfolio which invests predominantly in quality UK companies,

with a restriction on investment in tobacco and defence related securities.

Charishare Restricted is a charity in its own right, approved by the CharityCommission and with an independent Advisory Committee. It is exempt fromstamp duty and capital gains tax.

Top 10 HoldingsHsbc hldgsDiageo

Bt groupIshares ftse 250 ucits etf gbpSabmillerRoyal dutch shellShire plcBarclays plcUnileverPrudential

Top 10 HoldingsHsbc hldgs33 kws growth & recovery fundRoyal dutch shell

Vodafone groupCompass groupRio tintoGlaxosmithkline

Shire plcBpWolseley plc



Blue & Green SummaryAn ethically screened UK Equity fund



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UK EQUITYCIS Sustainable Leaders

UK EQUITYConBrio B.E.S.T Income


Fund overviewThe CIS Sustainable Leaders Trust aims to provide capital growth from a diverseportfolio of equities, mainly in the United Kingdom and in any economic sector.Investment is limited to companies that are likely to benet from measuresto improve the environment, human health, safety and the quality of life. Inaddition, investment may be made in companies considered to be beneciariesof changing attitudes towards a cleaner and safer environment, including thoseseen to be making above-average efforts to minimize environmental damagecaused by their activities. Areas of avoidance constitute animal testing (unlessconducted for the benet of human health), countries where human rights aredisregarded, items with military applications, tobacco and nuclear power.

Fund overviewThe investment process is designed to consider factors beyond traditional businessand nancial criteria. This is reected in the name of the fund, whereby B.E.S.Tindicates the broad criteria that are applied to potential investments, namely:- Business & Financial- Environmental/ ecologicalSocial/governance- Transparency

A screen is applied to consider multiple criteria with companies then graded fromA to E; the fund will not invest in any stock scoring lower than a C. In addition,the fund will also exclude investments in companies involved in certain businesspractices that we deem unethical. Finally, the remaining names are ltered to selecta portfolio capable of generating an appropriate level of income.

Top 10 HoldingsVodafone groupLloyds banking group plcBt groupGlaxosmithklineSt.modwen propertiesGoogle incSmith(ds)Wpp plcItvCompass group

Top 10 HoldingsCash

VodafoneGlaxoSmithKlineBT GroupNational GridWm Morrison

HSBCBritish Land

AstraZenecaProvident

Basic detailsType UnitSize (m) 406.14

Yield 1.31%1yr TRR 26.21%TER 1.53%Class EquityRegion UKScreens Yes


Blue & Green Summary

This fund is trying to give investors in the UK equity market a high level ofincome through dividends.



UK EQUITYEcclesiastical Amity UK

UK EQUITYF&C Stewardship Growth

Blue & Green SummaryThis is an ethically screened, UK equity fund.Ecclesiastical allow the fund manager to take positions wide of the funds benchmark(IMA UK All Companies) to maintain investor value, for example the fund manager is notafraid to have high cash positions, or invest in European stocks for a portion of the portfo-lio. At the time of writing this fund holds 120 stocks, with around 80% in UK equities.The fund manager takes a long term approach, the average holding period of an equityholding is 12 years, which is very long compared to other UK equity funds.

Ecclesiastical will engage with companies in which it invests to try to protect its investorsinterests, previous examples include supply chain issues, pharmaceutical companies clini-cal trials, and ethically sourcing materials.

Fund overviewThe Amity UK Fund seeks to invest in a portfolio of companies which make a positive contribution to society and the environmentthrough sustainable and socially responsible practices. The Fund seeks to avoid investment in certain areas such as companies whichhave a material involvement in alcohol, tobacco and weapon production, gambling and publication of violent or explicit materials.

Fund overviewThe F&C Stewardship Growth funds focus is on long-term capital growth andincreasing income with the emphasis on growth in approved UK companies.Within Stewardships ethical constraints the fund is managed as any otherblending an assessment of the market and economy with detailed companyanalysis to create a portfolio capable of generating compelling investment per-

formance. The ethical constraints mean we are largely precluded from investingfrom some sectors but have a reasonably large number of companies to choosefrom nevertheless.

Top 10 HoldingsDunelm group plc

Vodafone groupDechra pharmaceuticalsHalmaGlaxosmithkline

Centrica plcBt groupPrudential

Top 10 HoldingsHsbc hldgs

Vodafone groupBg groupGlaxosmithklineLegal & general groupStandard charteredPrudential

Ashtead groupBhp billitonCompass group

Basic detailsType OEICSize (m) 113.45Yield 1.43%1yr TRR 22.33%

TER 1.64%Class EquityRegion UKScreens Yes





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UK EQUITYF&C Stewardship Income

UK EQUITYFamily Charities Ethical


Fund overviewThe F&C Stewardship Income Funds focus is on an above average income

with capital growth potential through investments in approved UK companies.Within Stewardships ethical constraints the fund is managed as any other thefund manager blends an assessment of the market and economy with detailedcompany analysis to create a portfolio capable of generating compelling invest-ment performance. The ethical constraints mean we are largely precluded frominvesting from some sectors but have a reasonably large number of companiesto choose from nevertheless.

Fund overviewThe Family Charities Ethical Trust aims to achieve long-term capital growthby tracking the total return of the FTSE4Good UK 50 Index or another similar

index that we consider appropriate. In order to accurately track this index, thefunds investments will closely mirror the holdings in that index.

Top 10 HoldingsVodafone group

Hsbc hldgsGlaxosmithklineBg groupLegal & general groupSse plcBhp billitonNational gridGalliford try


Vodafone groupGlaxosmithklineRoyal dutch shell aRoyal dutch shell bDiageoBarclays plc

Astrazeneca plcBg groupBhp billiton

Basic detailsType OEICSize (m) 313.08






UK EQUITYHenderson Global Care UK Income

UK EQUITYJupiter Responsible Income

Blue & Green SummaryHenderson intend to close this fund andmerge it into Henderson Global CareGrowth.Henderson employ EIRIS to provide ethicaland sustainability research.

A Mullti-Thematic investment fund thatinvests only in equities, in 60-80 stocks outof 300 in its investment universeThe fund invests in two types of company,

one of these types is the Industries of theFuture themes, of which 5 are Environ-

mental and 5 are Social: Clean Energy,Efciency, Environmental Services, Sus-tainable Transport, Water Management,Health, Knowledge, Quality of Life, Safetyand Social Property & FinanceThe second type is companies fromtraditional sectors of the economy that havestrong Corporate Social Responsibility (CSR)The fund was set up in 1995, and takes along term approach, with an average hold-

ing period of over 5 yearsHenderson has an active engagementpolicy with the companies it invests in

Fund overviewThe Henderson Global Care UK Income Fund invests in companies making a positivecontribution and engaging actively for change. This income-focused fund applies a sus-tainable and responsible investment (SRI) lter. The sustainability component centreson seeking companies providing solutions to growing environmental and social chal-lenges such as climate change and a growing and ageing population, investment themesthat Henderson has termed the Industries of the Future. The corporate responsibility

element aims to invest in companies in conventional sectors with responsible businesspractices in areas including business ethics and practices, employment policies, healthand safety reporting and environmental management.

Fund overviewThe Jupiter Responsible Income

Funds objective is to provide in-come and long-term capital growththrough investment primarily inUK equities.

Top 10 HoldingsHsbc hldgsGlaxosmithkline

Vodafone groupBt groupNational gridPrudential

Astrazeneca plc

Legal & general groupSse plcDs smith

Top 10 HoldingsGlaxosmithklineKingspan groupBt group

Arm hldgsPrudentialBg groupCompass group

Legal & general groupNational express groupParagon group of companies



Blue & Green SummaryA UK Multi-Thematic equity fund



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UK EQUITYKames Ethical Equity

UK EQUITYL&G Ethical


Fund overviewKames (previously Aegon) Ethical Equity Fund invests in UK equities andequity-type securities that meet Kames Capitals (Previously AEGON AssetManagement) strict ethical criteria. Kames ethical funds exclude all companies

who disregard animal welfare, are involved in the manufacturing of armaments,in nuclear power, in environmentally unsound practices, have made politicaldonations of over 25,000 in the last year, in genetic engineering, in gambling,alcohol, tobacco and pornography, are corporate or international banks withexposure to large corporate or Third World debt, and who operate in countries

with oppressive regimes and consequently poor human rights records.

Fund overviewThe Legal & General only invests in companies from the FTSE 350 Index thatmeet the EIRIS criteria selected for ethical and environmental policies.

Top 10 HoldingsVodafone groupPrudentialReed elsevierRightmove plcSchrodersLegal & general groupDunelm group plcBrewin dolphin hldgs

Top 10 HoldingsVodafone groupBg groupLloyds banking group plcTescoNational gridPrudentialGlencore xstrata plc

Bt groupSse plcShire plc

Basic detailsType OEICSize (m) 361.83



Blue & Green SummaryAn ethically screened, UK, passive fund



UK EQUITYPremier Ethical

UK EQUITYScot Life UK Ethical Pn


Fund overviewPremier Ethical looks to deliver attractive returns through investment in compa-nies with a responsible approach to management. The approach is to constructa balanced portfolio of stocks that are making a positive contribution to society.The Fund is overwhelmingly invested in UK equities

Fund overviewThe funds ethical framework employs a combination of simple avoidance witha system of scoring, and is underpinned by three key ethical criteria: the envi-ronment, human rights and animal welfare.

Top 10 HoldingsVodafone groupGlaxosmithkline

Rio tintoBg groupItvWpp plcMondi plcDebenhams plcMitchells & butlersMicro focus international

Top 10 HoldingsHsbc hldgsGlaxosmithklineBg groupRio tintoTui travel plcUnited utilities group plc

Astrazeneca plc

Bt groupItvTate & lyle


Basic detailsType PensSize (m) 89.86Yield 0.00%1yr TRR 19.05%TER 1.00%Class EquityRegion UKScreens Yes


#9TOP

PERFORMEROVER ONE

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#1TOP PERFORMER

IN UK EQUITYCATEGORY OVER

ONE YEAR



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UK EQUITYScot Wid Environmental Investor

UK EQUITYScot Wid Ethical


Fund overviewThe Scottish Widows Environmental Investor Fund will invest in primarilyUnited Kingdom companies that demonstrate a positive commitment to the pro-tection and preservation of the natural environment and may include, directlyor indirectly, shares, equity backed depository receipts, convertible securitiesand listed warrants, however the Fund may invest in other types of investmentat the discretion of the ACD. The Funds investment universe is drawn fromcompanies benchmarked against a broad range of environmental criteria. Suchcriteria are agreed with the Funds independent advisory body from time totime, which is made up of leading environmentalists.

Fund overviewThe Scottish Widow Ethical Fund will invest in primarily UK companies thatdemonstrate positive ethical attributes and practices and may include, directlyor indirectly, shares, equity backed depository receipts, convertible securitiesand listed warrants. However, the Fund may invest in other types of investment

at the discretion of the ACD. The Funds investment universe is drawn fromcompanies benchmarked against a broad range of ethical criteria. Such criteriaare agreed with the Funds advisory body from time to time.

Top 10 HoldingsVodafone groupGlaxosmithkline

Hsbc hldgsPrudential

Ashtead groupDiageo

Astrazeneca plcTescoSse plcReed elsevier

Top 10 HoldingsVodafone groupHsbc hldgsPrudentialBg groupWpp plcCentrica plcHalma

Ashtead groupGreenko group plcReed elsevier






UK EQUITYSovereign Ethical

UK EQUITYStan Life Inv UK Ethical


Fund overviewThe objective of the fund is to achieve primarily capital growth for investors,and the Managers investment policy is for the Scheme to be invested primarilyin the United Kingdom equity market.

Fund overviewThe fund aims to provide long term growth by investing in a diversied portfolioof UK equity assets that meet our strict ethical criteria. These criteria are agreed

with the Standard Life Ethical Committee and may be amended from time to

time if considered appropriate. The fund manager will exclude companies whichfail to meet the ethical criteria whilst seeking to include companies whose busi -ness activities are regarded as making a positive contribution to society.


Vodafone group

Royal dutch shellGlaxosmithklineRoyal dutch shellRio tintoDiageo

Johnson mattheyIntertek groupBhp billiton

Top 10 HoldingsVodafone groupBarclays plcStandard chartered

AsosBg groupInternational personal nance plcSmith(ds)

Howden joinery group plcImiWhitbread



Blue & Green SummaryAn ethically screened, UK fund



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FIXED INTERESTAlliance Trust Sustainable Future Corporate Bond

Blue & Green SummaryAn ethically screened, UK, xed interest Multi-Thematic fund with the Sustain-able Future themes of: Climate Change, Quality of Life, Sustainable Consumptionand Governance.

Fund overviewThe Fund aims to provide a higher long-term return than that provided by UKGovernment bonds. Most of the returns are likely to be in the form of income. Itshould have at least 80% invested in a broad range of higher quality bonds whichare seen to have less risk and so usually offer lower returns. It may invest in globalbonds issued by companies, governments and large international organisations.Normally 80% of the bonds in the Fund will be priced in Sterling, or hedged toSterling. It will invest only in companies that meet our sustainability criteria.

Top 10 HoldingsEuropean investment bankbds 3Telefonica emisiones sauinstNgg nancereset cap secDeutsche telekom intlnance b.v.

Basic detailsType OEICSize (m) 270.09Yield 3.01%1yr TRR 3.05%TER 1.13%Class Fixed InterestRegion UKScreens Yes

FIXED INTERESTStan Life Inv Ethical Corporate Bond

Blue & Green SummaryAn ethically screened, UK, xed-interest fund

Fund overviewThe Standard Life Inv Ethical Corporate Bond fund is actively managed by ourinvestment teams who may invest in a wide range of xed interest securities(e.g. corporate bonds including sub investment grade bonds, overseas bonds,index-linked bonds, FRNs and ABS) and/or money market instruments in orderto take advantage of opportunities they have identied and which meet our strictethical criteria. In addition to excluding such companies which fail to meet theprescribed ethical standards, the Fund will seek to include companies whose busi-ness activities are regarded as making a positive contribution to society.

Top 10 HoldingsEuropean Investment BankLloyds Banking GroupRoyal Bank of ScotlandHSBC HoldingsSegroMotability Operations GroupBarclays Bank

DNB BankFrance TelecomAviva

Basic detailsType UnitSize (m) 162.2Yield 2.84%1yr TRR 2.55%TER 1.11%Class Fixed interestRegion UKScreens Yes



FIXED INTERESTF&C Ethical Bond

FIXED INTERESTKames Ethical Corporate Bond

Blue & Green SummaryAn ethically screened UK xed interest fund

Fund overviewThe F&C Ethical Bond Fund invests primarily in investment grade bonds mak-ing it potentially ideal for the cautiously minded investor seeking an alternativesource of income. The manager adopts a process that blends top down assess-ment of the macro economic environment with detailed analysis of individualcompanies and bond issues.

Fund overviewA xed income fund, the Ethical Corporate Bond Fund invests only in companiesthat meet Kames Capitals (previously AEGON Asset Management) strict ethicalcriteria. Investments made by the Ethical Corporate Bond Fund mainly include in-

vestment grade corporate bonds but can include high yield bonds up to 10% of thetotal value of the fund and cash. Kames (previously Aegon) ethical funds excludeall companies who disregard animal welfare, are involved in the manufacturing ofarmaments, in nuclear power, in environmentally unsound practices, have made

political donations of over 25,000 in the last year, in genetic engineering, in gam-bling, alcohol, tobacco and pornography, are corporate or international banks withexposure to large corporate or Third World debt, and who operate in countries withoppressive regimes and consequently poor human rights records.

Top 10 HoldingsKfWEuropean Investment Bank

European Investment BankAnglian Water ServicesSouthern Water ServicesNational GridHSBC HoldingsNetwork RailExperian Finance plcStagecoach Group

Top 10 HoldingsInternational Bank for Rec&DevInternational Bank for Rec&DevMunicipality FinDignity Finance

AA Bond Co LtdLegal and GeneralInvestec Bank

BL Superstrs FinDeutche BahnLand Sec.Cap.Mkts

Basic detailsType UnitSize (m) 162.56

Yield 2.98%1yr TRR 1.39%TER 0.85%Class Fixed interestRegion UKScreens Yes

Basic detailsType OEICSize (m) 266.96Yield 2.88%1yr TRR 2.36%TER 1.07%Class Fixed InterestRegion UK

Screens Yes


An ethically screened UK xed interest fund



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FIXED INTERESTRathbone Ethical Bond

FIXED INTERESTRoyal London Ethical Bond

Blue & Green SummaryAn ethically screened, UK, xed interest fund

Fund overviewThe Rathbone Ethical Bond Fund focuses on high quality (investment grade)bonds with an highly skilled and experienced investment and ethical researchteam. Higher income, aiming at 5-6% gross interest yield. Quarterly payout ofincome.

Fund overviewThe Royal London Ethical Bond Fund is an actively managed portfolio whichgives investors access to a broad universe of Sterling denominated xed interestinvestments. The fund will invest mainly in investment grade UK credit bonds

which meet predened ethical criteria. The manager can hold other securitiesincluding government bonds, index linked securities and non-sterling credit

when the manager believes they are appropriate.

Top 10 HoldingsHolmes MastersStandard LifeFresh Finance for Residential SocialHousingNewgate FundingBritish Land Universal

JP MorganCoventry Building SocietyBUPA FinancialLloyds TSBNationwide Building Society

Top 10 HoldingsEquity ReleaseCoventry Building SocietyLongstone Finance

Annington FinanceFleming AmericaScottish Mortgage & TrustCanary WharfCo-operative Bank

Finance For Residential Social Hous-ingBank of America Corporation

Basic detailsType UnitSize (m) 174.91Yield 3.77%1yr TRR 3.41%TER 0.94%Class Fixed InterestRegion UKScreens Yes

Basic detailsType OEICSize (m) 131.43Yield 4.67%1yr TRR 6.78%TER 1.36%Class Fixed interestRegion UKScreens Yes

Blue & Green SummaryAn ethically screened, UK, xed interest fund

#1TOP PERFORMER

IN FIXED INTERESTCATEGORY OVER

ONE YEAR



FIXED INTERESTEcclesiastical Amity Sterling Bond

Fund overviewThe Amity Sterling Bond Fund seeks to invest in a highly diversied portfolioof Government and good quality xed interest securities issued by companies

which make a positive contribution to society and the environment throughsustainable and socially responsible practices. The Fund seeks to avoid invest-ment in certain areas such as companies which have a material involvement inalcohol, tobacco and weapon production, gambling and publication of violent orexplicit materials.

Top 10 HoldingsNottingham bs

AvivaPremier farnellDirect lineStandard lifeNationwide bs c/dLse groupFidelity intl

Society of lloydsTreasury

Basic detailsType OEICSize (m) 62.71Yield 4.64%1yr TRR 3.64%TER 1.39%Class Fixed interestRegion UKScreens Yes

Blue & Green SummaryAn ethically screened, xed interest funddHolds mainly UK assets, but has some international holdingsEcclesiastical will engage with companies in which it invests to try to protect itsinvestors interests, previous examples include supply chain issues, pharmaceuti-cal companies clinical trials, and ethically sourcing materials.



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AGRICULTUREAllianz Global Agricultural Trends

Blue & Green SummaryA global Agriculture fund

Fund overviewThe Allianz RCM Global Agricultural Trends fund concentrates in the globalequity market on companies that prot directly or indirectly from developmentsin the following areas in particular: provision of agricultural production resourcessuch as land and water; production, storage and transport of agricultural com -modities; processing, transport and sale of foodstuffs and beverages as well as ofnon-food products (incl. wood and paper products).

Top 10 HoldingsMonsanto co

Archer daniels midland coKubota corpTyson foods inc(del)Cf industries holdings incBrf sa

Agco corpCnh global nv

Basic detailsType SICASize (m) 154.66Yield 0.00%1yr TRR 0.97%TER 2.09%Class EquityRegion GlobalScreens None

AGRICULTUREBaring Global Agriculture


Fund overviewThe Barings Global Agriculture Fund benets from a wide opportunity set. Agribusi-ness encompasses activities related to any commodities which are grown or raised,commonly known as agricultural or soft commodities. Typically, agribusiness centresaround the business of feeding the world, ranging from the supply of fertilisers andagrichemicals used to increase yields at one end of the spectrum, through farming,shing and the logistical infrastructure needed for delivery, to distributors, processors

and marketeers at the other. A large number of quoted companies fall into the invest-ment universe, whether directly involved in agribusiness or in a related activity.

Top 10 HoldingsMonsanto co

Archer daniels midland coTyson foods inc(del)Bunge ltdSyngenta agPotash corp of saskatchewan incBrf sa

Mosaic coIngredion incWilmar international ltd

Basic detailsType OEICSize (m) 234.1Yield 0.00%1yr TRR 6.02%TER 1.70%Class EquityRegion GlobalScreens None



AGRICULTUREBlackRock Global Funds World Agriculture

AGRICULTUREBraemar UK Agricultural Land


Fund overviewThe World Agriculture Fund invests in agricultural companies, which are thoseengaged in agriculture, agricultural chemicals, equipment and infrastructure,agricultural commodities and food, bio-fuels, crop sciences, farm land andforestry.

Fund overviewThe Braemar UK Agricultural Land Fund invests in arable farmland and relatedbuildings, which are managed as a portfolio of tenanted farms, with the aim ofcapital growth. The tenancies are managed by the Property Adviser, ChestertonHumberts, and the land is farmed by tenants who grow, predominantly, cerealcrops.This fund became a Brooks MacDonald Limited fund on 29th June 2011 andis listed as an OEIC on the Channel Island Stock exchange. It is tradeablemonthly on the 24th of each month. There are 2 share classes available - the

A and B Share class. The A share class has a minimum initial investment of10,000, an initial charge of 5% with an annual managment charge of 1.5%and is designed for retail investors. The B share class has a minimum initial

investment of 100,000, an initial charge of 0.5% and an annual managmentcharge of 0.75%.Worldwise Investor is tracking the performance of the A shares.

Top 10 HoldingsTyson foods inc(del)Bunge ltd

Archer daniels midland coBrf saMonsanto coSmitheld foods incSyngenta agMosaic property c.e.e. limitedIngredion incKubota corp

Top 3 Holdings

LincolnshireEssexSuffolk

Basic detailsType SICASize (m) 126.34

Yield 0.00%1yr TRR 5.14%TER 2.07%Class EquityRegion GlobalScreens None





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AGRICULTURECF Eclectica Agriculture


Fund overviewThis Fund invests in global equities related to agriculture issues. It is an author-ised Collective Investment Scheme, for UK regulatory purposes, and as such isavailable for investment by retail investors.

Top 10 HoldingsArcher daniels midland coAmsterdam commodities nv

Bunge ltdFmc corpNestle saBrf saHormel foods corpTate & lyleDarling intl incSyngenta ag


AGRICULTUREDWS Invest Global Agribusiness


Fund overviewThe DWS Invest Global Agribusiness fund invests globally in companies that areeither in the agricultural sector or prot from this sector.

Top 10 HoldingsBunge ltdMosaic group incPotash corp of saskatchewan incCf industries holdings inc

Yara international asaVilmorin et cieKws saat ag

Agrium incSyngenta agIncitec pivot

Basic detailsType SICASize (m) 1271.19Yield 0.16%1yr TRR 1.13%TER 1.60%Class EquityRegion GlobalScreens Yes

#1TOP PERFORMERIN AGRICULTURECATEGORY OVER

ONE YEAR



AGRICULTUREETFS Agriculture

AGRICULTUREETFX S-Net ITG Global Agri Business

Blue & Green SummaryA global Agriculture commodity fund

Fund overviewETFS Agriculture DJ-UBSCI (AIGA) is designed to enable investors to gain anexposure to a total return investment in a basket of agriculture commoditiesfutures by tracking the DJ-UBS Agriculture Sub-Index (the Sub-Index) plus acollateral return.

Fund overview

ETFX S-Net ITG Global Agri Business Fund is designed to track the perfor-mance of the S-Network ITG Global Agriculture Index.

Top 10 HoldingsNo holdings data available.

Top 10 HoldingsMonsanto coSyngenta agDeere & coPotash corp of saskatchewan incBunge ltd

Archer daniels midland coCf industries holdings inc

Agrium inc

Tyson foods inc(del)Mosaic co(the)

Basic detailsType ExchSize (m) 447.47Yield 0.00%1yr TRR -15.13%TER 0.54%Class CommodityRegion GlobalScreens None

Basic detailsType ExchSize (m) 26.87Yield 0.00%1yr TRR -2.09%TER 0.65%Class EquityRegion Global

Screens None

Blue & Green SummaryA global Agriculture commodity fund



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AGRICULTUREPS Global Agriculture NSDQ OMX

Fund overviewThe PowerShares DB Agriculture Fund is based on the DBIQ Diversied Agri-culture Index Excess Return and managed by DB Commodity Services LLC.The Index is a rules-based index composed of futures contracts on some of the

most liquid and widely traded agricultural commodities. The Index is intendedto reect the performance of the agricultural sector.

Top 10 HoldingsSyngenta ag

Archer daniels midland coMonsanto coPotash corp of saskatchewan incMosaic co(the)Cf industries holdings incWilmar international ltd

Yara international asa

Bunge ltdAgrium inc

Basic detailsType ExchSize (m) 0Yield 0.48%1yr TRR -3.01%TER 0.75%Class CommodityRegion GlobalScreens None

Blue & Green SummarA global, Agriculture, commodity fund

AGRICULTUREFirst State Global Agribusiness


Fund overviewThe First State Global Agribusiness Fund invests primarily in a diversied portfolioof equity and equity related instruments of issuers in the agribusiness sector, and

which are listed, traded or dealt in on regulated markets worldwide.

Top 10 HoldingsSyngenta agMonsanto co

Archer daniels midland coWilmar international ltdBrf saBunge ltdKubota corpDeere & coRayonier inc

Agrium inc

Basic detailsType OEICSize (m) 26Yield 0.03%1yr TRR 5.07%TER 1.93%Class EquityRegion GlobalScreens None



AGRICULTUREJB EF Agriculture

Blue & Green SummaryA global Agriculture equity fund

Fund overviewThe JB EF Agriculture fund is suitable for long-term oriented investors willing to

accept higher risk and wishing to diversify their portfolios towards agriculture. Thelong-term target allocation of the fund is 75% equity and 25% commodity exposure;this allocation is reviewed regularly.

Top 5 HoldingsMonsanto CompanyBunge Ltd

Fiat Industrial SpASyngenta AG

Anheuser-Busch Inbev

Basic detailsType SICASize (m) 17.01Yield 0.00%

1yr TRR -1.74%TER 2.31%Class EquityRegion GlobalScreens None


AGRICULTURESarasin AgriSar

Blue & Green SummaryAgriSar invests in the equity of companies operating in the food and agriculturalvalue chainInvests in 50 to 70 stocks out of a potential universe of around 700

AgriSar is managed in line with Sarasin & Partners thematic investment processwhich targets early identication of companies from across the world that areoutstanding beneciaries of change, and will consequently be re-rated and outper-

form the market

Fund overviewThe AgriSar fund invests in companies operating in the food and agricultural

value chain. The spectrum of investable stocks stretches from land ownersand agricultural inputs at one end to food retailers and restaurants at the other.

AgriSar does not seek to invest in the short term uctuations of crop prices butrather in the long term requirement to increase the volume of food available tothe consumer.

Top 10 HoldingsChina mengniu dairy coSyngenta agBoska rk ad banja lukaDairy farm international hldgsInternational avors & fragrancesCostco wholesale corpBunge ltdBarry callebaut agCharoen pokphand foods pclCranswick



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Basic detailsType SICASize (m) 1834.13Yield 0.00%1yr TRR -11.91%TER 2.15%Class Equity

Region CommodityScreens None

AGRICULTURESchroder AS Commodity


The Funds investment objective is to generate growth in the longterm through investment in commodity related instruments globally.

Fund overviewThe Schroders AS Commodity fund will be exposed to a range ofcommodity sectors and will be primarily invested in the agriculture,metal, and energy complexes. The fund will invest predominantlyin a range of commodity derivative related instruments, principallycomprising of futures and other commodity linked derivative instru-

ments, and, to a lesser extent, equities and cash. The fund will notacquire physical commodities directly. The fund will neither employleverage nor engage in short selling.

Top 10 HoldingsUnited states of amer treas bills 0%Us treasury bond 0% bds 19/12/13 usdUnited states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%United states of amer treas bills 0%

AGRICULTUREUBS CMCI Agriculture

Blue & Green SummaryA passive, global Agriculture commodity fund

Fund overviewThe Index measures the collateralized returns from a basket of 10 futures con-tracts representing the agricultural sector. The commodity futures contracts arediversied across three constant maturities from three months up to one year. Top 10 Holdings

No holdings data available.

Basic detailsType ExchSize (m) 0Yield 0.00%1yr TRR -13.60%TER 0.00%Class CommodityRegion GlobalScreens None



AGRICULTUREPictet Agriculture

Blue & Green SummaryA global Agriculture fund.Invests in companies that provide important farm inputs such as fertilisers,machinery, seeds, etc. and/or increase professionalization by providing varioussupply chain services (e.g. origination, transportation, processing).Invests in 45 to 75 different stocks out of around 700 in its investment universe

Pictet use a Swiss company, Ethos, for their engagement policies with compa-nies they invest in

Fund overviewThe Pictet Agriculture fund is an investment vehicle for investors who wish toinvest in the securities of companies that contribute to and/or prot from the

value chain in the agricultural sector, and who are willing to bear signicantvariations in market value and thus have a low aversion to risk. This fund

applies a strategy for capital growth by investing primarily in shares issued bycompanies contributing to and/or proting from the value chain of the agricul-tural sector. The funds investment universe is not limited to a specic geo-graphic region. Within this value chain, the primarily targeted companies willbe those which are active in production, processing and supply, as well as theproduction of agricultural equipment. The risks will be minimised in a generalenvironment of geographic diversication.

Top 10 HoldingsDeere & coSyngenta ag

Archer daniels midland coSysco corp

Mccormick & co incAgco corpBunge ltdMosaic property c.e.e. limitedRobeco sam sustainableagribusinessCf industries holdings inc




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CARBON FOOTPRINTDB X-Trackers S&P US Carbon Efficient UCITS ETF

Blue & Green SummaryA passive fund that tracks the S&P500 weighted for carbon efciency

Fund overviewThe S&P U.S. Carbon Efcient Index is composed of a subset of the constituentsof the S&P 500 that have a relatively low Carbon Footprint, while maintainingat least 50% of the original weight representation for every GICS sector in theS&P 500. The Carbon Footprint is calculated by Trucost Plc and is dened as thecompanys annual greenhouse gas (GHG) emissions assessment, expressed astons of carbon dioxide equivalent (CO2e), divided by annual revenues. Throughoptimization, the index seeks to closely track the return of the S&P 500, whileexcluding those companies that have the largest relative Carbon footprints.

Top 10 HoldingsApple incChevron corpGeneral electric co.Microsoft corpGoogle inc

Basic detailsType ExchSize (m) 4.24Yield 0.00%1yr TRR 25.35%TER 0.50%Class EquityRegion GlobalScreens None

CARBON FOOTPRINTETFS Carbon Securities

Blue & Green SummaryA global fund that tracks the price of carbon permits

Fund overviewETFS Carbon (CARB) is designed to track the price of carbon emissions allowancefutures and offers investors a total return. CARB tracks the ICE ECX EUA Futures

Contract traded in London on the ICE Futures Market - currently the most liquidexchange traded contract within the EU Emissions Trading Scheme (EU ETS).

Top 10 HoldingsNo holdings data available.

Basic detailsType ExchSize (m) 0.45Yield 0.00%1yr TRR -36.11%TER 0.49%Class EquityRegion GlobalScreens None

#1TOP PERFORMERIN CARBON FOOT-PRINT CATEGORYOVER ONE YEAR



CARBON FOOTPRINTVirgin Climate Change

Blue & Green SummaryA global equity fund that mainly invests in low environmental footprintcompanies

Fund overviewThe Virgin Climate Change Fund invests primarily in stocks listed on the MSCIEurope Index. Its uses fund manager GLGs agship European Equity Fund as abasis, but also allows the fund manager the option to invest globally.

Top 10 HoldingsChr.hansen hldgs a/sKerry group plcNovartis agSano-aventis pakistan

Allianz global investors(germany)Novo-nordisk asSvenska cellulosa ab-scaRolls-royce hldgs plcEads saSwatch group

Basic detailsType UnitSize (m) 0Yield 1.49%1yr TRR 23.84%TER 1.96%Class EquityRegion GlobalScreens None



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CLEAN ENERGYBlackRock New Energy IT

Blue & Green SummaryA global Clean Energy fund

Fund overviewThe New Energy Fund seeks to maximise total return. The Fund invests globallyat least 70% of its total assets in the equity securities of new energy companies.New energy companies are those which are engaged in alternative energy andenergy technologies including renewable energy, alternative fuels, automotiveand on-site power generation, materials technology, energy storage and enablingenergy technologies.

Top 10 HoldingsNovozymes a/s

Johnson controls inc

Nextera energy incItc hldgs corpQuanta services incSchneider electricEdp renovaveis sa

Abb abAltagas ltdTranscanada corp


CLEAN ENERGYDWS Invest Clean Tech


Fund overviewDWS Invest Clean Tech fund assets are invested primarily in equities of domesticand foreign issuers active in the areas of electricity production (e.g. renewable andalternative energies such as solar and wind energy, fuel cells, hydroelectric power,biothermal energy and energy from biomass), energy transmission (e.g. technologiesconnected with energy transmission, intelligent electricity networks or new materials

used in energy transmission) and energy consumption (e.g. technologies for efcientlighting, clean power technologies and energy-efcient buildings).

Top 10 HoldingsDanaher corpFlowserve corpNoble energy incHyundai mobisHain celestial group incMurata manufacturing coUgi corp

General motors coCalpine corpCentrica plc


#6TOP

PERFORMEROVER ONE

YEAR



CLEAN ENERGYETFX DAX Global Alternative Energy

CLEAN ENERGYGuinness Alternative Energy

Blue & Green SummaryA passive Clean Energy fund

Fund overviewETFX DAXglobal Alternative Energy Fund is designed to track the performanceof the DAXglobal Alternative Energy Index. The DAXglobal Alternative EnergyIndex tracks the performance of approximately 15 alternative energy compa-nies. Companies which are selected for the index must generate more than 50percent of their revenues in one of the following ve sub-sectors: Natural Gas,Solar, Wind, Ethanol, Geothermal/Hybrids/Batteries. The index comprises threeconstituents each from the ve sub-sectors, with equal sector weightings.

Fund overviewThe Guinness Alternative Energy Fund screens for companies that are in the alter-native energy space. Companies should meet the following criteria to be included inthe potential universe of companies for the fund: More than 50% of their businessmust be in the alternative energy sector. By this we mean companies involved inbusiness relating to energy from non fossil fuel sources and companies involved inefciency improvements. Quoted on a recognised investment exchange. Morethan $100 million in market capitalisation. The stock selection process is a combi-nation of sector selection (deciding how much exposure to have to specic sectors

such as wind or solar) and specic stock analysis. For the specic stock analysiswe use a multifactor research tool to identify stocks which have high returns, lowvaluations, earnings momentum and price momentum. The investment team thenresearches these in detail to arrive at the investment view.

Top 10 HoldingsArcher daniels midland coNextera energy inc

Lg chemApplied materials incIberdrola saBg groupEnergias de portugal saGazprom oao

Anadarko petroleum corpBunge ltd

Top 10 HoldingsTrina solar limited

Jinkosolar hldg co ltdJa solar holdings co ltdNordex se

Yingli green energy holdingcompanySunpower corp

China singyes solar tech hold ltdSma solar technology agCemig distribuicao saMaple energy plc



Basic detailsType OEICSize (m) 12.4Yield 0.00%1yr TRR 2.95%TER 0.00%Class EquityRegion Global

Screens None


#1TOP

PERFORMEROVER ONE

YEAR

#1TOP PERFORMERIN CLEAN ENERGYCATEGORY OVERONE YEAR



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CLEAN ENERGYiShares Global Clean Energy UCITS ETF

Blue & Green SummaryA passive, global ,Clean Energy equity fund

Fund overviewThe S&P Global Clean Energy Index provides liquid and tradable exposure to 30companies from around the world that are involved in clean energy related busi-nesses. The index is comprised of a diversi?ed mix of Clean Energy Productionand Clean Energy Technology and Equipment Providers companies.

Top 10 Holdings

Vestas wind systemsTohoku electric power co incElectric power developmentGcl-poly energy hldgs ltdFirst solar incChina longyuan power group corp ltdEnel green power spaHanergy solar group ltdCovanta holding corpChina everbright international

Basic detailsType ExchSize (m) 120.51


CLEAN ENERGYJB EF Energy Transition

Blue & Green SummaryA global Clean Energy equity fund

Fund overviewThe JB EF Energy Transition fund is suitable for long-term-oriented investors who

are prepared to accept a higher equities risk and want a broad, growth-oriented andactively managed participation in the energy sector.

Top 10 HoldingsQuanta services incSunedison incEdp renovaveis saMastec incEnel green power spa

Basic detailsType SICASize (m) 16Yield 0.00%1yr TRR 22.76%

TER 1.85%Class EquityRegion GlobalScreens None

#3TOP

PERFORMEROVER ONE

YEAR



CLEAN ENERGYJB RobecoSAM Smart Energy

CLEAN ENERGYKBI Inst Alternative Energy

Blue & Green SummaryA global Clean Energy equity fundInvests in Renewable Energy, Natural Gas, Distributed Energy Systems andEnergy Efciency.

Fund overviewThe Jul Baer MPart SAM Smart Energy fund is suitable for long-term investors

with appropriate risk tolerance who are convinced of the long-term potential ofinvestments in these companies and who are looking for one product to covertheir investment needs in this sector. A minimum investment horizon of seven

years is recommended.

Fund overviewAlternative Energy encompasses companies involved in developing technologiesthat reduce our reliance on traditional fossil fuels such as coal, oil and naturalgas. The Alternative Energy Strategy invests in a globally diversied selection ofshares in companies active in the producing, manufacturing, providing equip-ment, facilitating or supplying power from sources such as wind, solar, biomass,

wave/tidal, geothermal and fuel cells.

Top 10 HoldingsLinde agSamsung sdi

Apa groupSpectra energy corpSunedison incTokyo gas coWacker chemie agOsaka gas coEmerson electric coHoneywell international inc ord

Top 10 HoldingsAbb ltdJohnson controls incCosan ltdEdp renovaveis saEaton corpKyocera corpThe renewables infrastructuregroup

AlbiomaElia system operatorNextera energy inc





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CLEAN ENERGYVontobel Fund New Power


Fund overviewThe Vontobel Fund Global Trend New Power fund invests globally in compa-nies which will benet from the growing imbalance between energy supplyand demand. The investment process focuses on the two main areas whichprovide solutions to the described trend: alternative sources of energy and moreefcient energy utilization.

Top 10 HoldingsSchneider electricPrysmian spa

Ametek incRoper industries incQuanta services incContinental agTerna energy saNextera energy incMastec inc

Vestas wind systems


CLEAN ENERGYPictet Clean Energy

Blue & Green SummaryA g lobal Clean Energy fundInvests in Carbon Free Energy such as wind, Low Carbon energy such asnatural gas, and Energy Efficiency such as efficienct lightingInvests in 60 to 80 stocks out of 680 in its investment universePictet use a Swiss company, Ethos, for their engagement policies with com-panies they invest in

Fund overviewThe funds aim is to be invested in the winners of the energy transition. The fund isfocused on investing in companies that have a strong market position in their respec-tive industries, to be able to yield pricing power and to deliver protable growth. Wecontinue to focus on companies that have favourable cash ows relative to their market-implied valuations. The funds investment universe spans the globe with approximately80% in North America and Europe, and 20% in the rest of the world. These are energy-related companies that contribute to/benet from the worlds transition to less carbon-intensive energy and are active in the elds of: resources, technology & equipment,infrastructure and energy efciency. The fund is not restricted to new energies.

Top 10 HoldingsBorg-warner incEnn energy hldgs ltdTrina solar limitedSchneider electricRockwell automation incDelta electronics incMastec incFanuc corpEmerson electric coDelphi automotive plc




CLEAN ENERGYSarasin New Power

Blue & Green SummaryA global equity fund investing in renewable energyInvests in 50 to 80 stocks out of 216 in its investment universeDoes include gas companies in its investment universe, and invests in energy

efciency as well as renewable energy sourcesTheir sustainability analysis uses the Sarasin Sustainability Matrix . TheSRI research is done in advance of the fund managers work and he can onlychoose from the list of sustainable-rated companies.

Fund overviewSarasin New Power Fund invests mainly in equities and other equity securities. Thefund invests primarily in companies that have a far-sighted and innovative approachto the use of energy and whose commitment to sustainability also takes into consid -

eration environmental and social aspects. Special attention is paid to companies ac -tive in renewable energies such as wind, water, biofuels, solar and geothermal power.

This fund is authorised for distribution in Switzerland, UK, Luxembourg, Liechten-stein, Germany, Austria, Netherlands, Ireland, France, Italy, Belgium, Spain, Sweden,Denmark and Singapore.

Top 10 HoldingsMolex incIngersoll-rand

Huber & suhner agCisco systems incEmc corpSulzer agGoogle incDanaher corpStantec incPraxair inc

Basic detailsType SICASize (m) 0




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WATERAmundi Equity Global Aqua

Blue & Green SummaryA global Water fund

Fund overviewInvests in companies involved in water value chain using active fundamentalmanagement combining both nancial and extra-nancial criteria.

Top 10 HoldingsPentair incSuez environnement co

United utilities group plcAmerican water works co incVeolia environnementSevern trent plcXylem incDanaher corpGeberitPennon group


WATERiShares Global Water UCITS ETF

Blue & Green SummaryA passive, global, Water equity fund

Fund overviewThe S&P Global Water 50 Index offers exposure to the 50 largest and most liquidlisted companies globally that are involved in water related businesses. The indexis weighted by modied market capitalisation. iShares ETFs are funds managed byBlackRock. They are transparent, cost-efcient, liquid vehicles that trade on stock ex-

changes like normal securities. iShares ETFs offer exible and easy access to a widerange of markets and asset classes.

Top 10 HoldingsPentair incGeberitUnited utilities group plc

Veolia environnementAmerican water works co incDanaher corpSevern trent plc

Alfa laval abSuez environnement co

Aqua america inc




WATERJB RobecoSAM Sustainable Water

WATERKBI Inst Water

Blue & Green SummaryA global Water equity fund

Fund overviewJul Baer MPart SAM Sustainable Water fund invests worldwide in companiesproviding technology, products and services relating to the water value chain,such as water distribution, management, treatment and analysis as well as ir-rigation.

Fund overviewThe Water portfolio invests in an internationally diversied selection of com-panies offering products and services along the entire value chain of the waterindustry. The portfolio also follows the sustainability theme and each of thecompanies in the universe of the portfolio is screened to ensure they scorepositively on sustainability issues. This strategy is designed to generate higherinvestment returns than a basket of global equities over a ve year period. It issuitable for long-term equity investors who wish to access the water theme andfor inclusion in a globally diversied portfolio.

Top 10 HoldingsDanaher corp

Veolia environnement

Suez environnement coThermo sher scientic incXylem inc

American water works co incPerkinelmer incPentair incUnited utilities group plcTetra tech inc

Top 10 HoldingsSpx corpSuez environnement coKurita water industriesFlowserve corpSulzer agEbara corpCia saneamento basico desao paolo

Xylem incUnited utilities group plcAshland inc




Blue & Green SummaryA global Water equity fund

#1TOP PERFORMERIN WATER CAT-

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WATERLyxor World Water

Blue & Green SummaryA global, passive Water fund

Fund overviewLyxor ETF World Water (TR) is a French SICAV, UCITS III compliant, listed andtraded on the London Stock Exchange.

Top 10 HoldingsPentair ltd

Veolia environnementAmerican water works co incGeberit

United utilities group plcSevern trent plcXylem inc

Aqua america incTotoWoongjin hldgs co ltd


WATERPictet Water

Blue & Green SummaryA global Water fund, focusing on water supply and treatment, water technol-ogy and environmental servicesInvests in 60 to 80 stocks out of 850 in the investment universe

Also invest in companies involved in air, such as air inspection, air-ltrationand catalytic convertersPictet use a Swiss company, Ethos, for their engagement policies with compa-nies they invest in

Fund overviewThe Pictet Water fund invests worldwide in companies that are involved in the watercycle, following a selective bottom-up stock selection process. Based on the in-depthknowledge of the investment team, the industrial know-how of the global sector special-ists and industry expertise from a dedicated external advisory board, the fund seeks toidentify companies with strong commercial potential. The fund focuses on companies

that operate in the elds of utilities (water supply and treatment services), industrials(water technology and environmental services), and consumer staples (packaged water).Combining strong growth securities (water technology and environmental services)

with more valuation-oriented securities (water utilities and packaged water), is in ourview the best approach to produce a good balance between risk and potential reward.

Top 10 HoldingsAmerican water works co incDanaher corpSuez environnement coPennon groupPentair ltd

Aqua america incClean harbors incVeolia environnementRoper industries incXylem inc




WATERPS NASDAQ OMX Global Water

WATERSarasin Sustainable Water

Blue & Green SummaryA global, Water equity fund

Fund overviewThe Global Water fund will so far as possible and practicable hold all of theshares in the Palisades Global Water Index in their respective weightings in theIndex, subject to investment restrictions.

Fund overviewSarasin Sustainable Water Fund invests incompanies that have a far-sighted and innovativeapproach to the use of water as a resource and atthe same time take into consideration environ-mental and

the guide to sustainable funds 2013

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