Investment mandate
The Craton Capital Renewable, Alternative and Sustainable Resources Fund invests a substantial portion of its net asset value (NAV) in listed equities and in bonds or convertibles which have direct exposure to renewable, alternative and sustainable resources and/or are active in the exploration, development, production, processing, transportation, distribution of such resources or provide services to such resources sectors.
After deduction of liquid assets, Craton Capital Renewable, Alternative and Sustainable Resources Fund shall invest at least two thirds of the fund’s total assets in equity securities and value rights (particularly equities) of companies and issuers from the renewable, alternative and sustainable resources sectors, debt securities and debt rights denominated in freely convertible currencies (particularly convertible bonds) of companies and issuers from the renewable, alternative and sustainable resources sectors, units of investment undertakings for securities or equivalent investment undertakings, which invest their assets according to the guidelines of this investment fund and derivative financial instruments on the mentionedsecurities.
After deduction of liquid assets, Craton Capital Renewable, Alternative and Sustainable Resources Fund may invest up to one third of the fund’s total assets in liquid assets such as call money, time deposits or money market instruments having a residual period to maturity of less than 12 months, equities and value rights as well as fixed and variable-interest debt securities and debt rights of companies and issuers in other sectors, units of investment undertakings for securities or equivalent investment undertakings, which invest their assets in other sectors worldwide and derivative financial instruments on securities of other sectors.
The fund may invest up to 10% of its NAV in unlisted companies.
An investment in one particular company or asset cannot exceed 10% of the NAV of the fund.
The four largest holdings may not exceed 40% of the NAV of the fund.
