Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
ISIN
IE000O3BC4P3
INCEPTION DATE
08/12/2023
DOMICILE
Ireland
SFDR
Article 8
NAV (as at 30/09/2026)
$15.75
NAV MONTHLY CHG
-1.66%
About the fund
The Osmosis Developed Core Equity Fossil Fuel Transition Fund (ICAV) seeks superior risk-adjusted returns by targeting maximum resource efficiency exposure while maintaining a tight tracking error to the MSCI World. The Fund excludes companies that generate more than 5% of their revenues from fossil fuels or nuclear power generation, companies with any revenues from nuclear and controversial weapons and civilian firearms, tobacco companies and companies in breach of any of the UN Global Compact Principles. The resulting portfolio demonstrates significantly less ownership of Carbon, Water and Waste than the respective benchmark.
Systematic Equities
Resource Efficiency
Core Allocation
Fossil Fuel Transition
Fund details - share class D USD
- AMC
- 0.3%
- TER
- 0.55%
- Benchmark
- MSCI World (USD) NTR
- Class Currency
- USD
- Dealing
- Daily
- Fund Size
- $284.93m
- Bloomberg
- OSREFFD
- Min Investment
- $50,000,000
- Product
- UCITS ICAV
- Share Type
- Accumulating
- Valuation Point
- Daily
- Entry / Exit / Perf fee
- 0/0/0
Professional information
- Investment Manager
- Osmosis Investment Management UK Ltd
- Distributor (UK)
- Osmosis Investment Management UK Ltd
- Distributor (NL / EEA)
- Osmosis Investment Management NL B.V.
- Manager
- Prescient Fund Services (Ireland) Ltd
- Administrator
- Northern Trust International Fund Administration Services (Ireland) Ltd
- Depositary
- Northern Trust Fiduciary Services (Ireland) Ltd
- Auditor
- EY
Sustainability
Environmental Footprint
-53%
0.000.250.500.751.00
1.00
Source: OIM UK, Bloomberg, MSCI.
Performance
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Line chart. 34 monthly points from 31/12/2023 to 30/09/2026, rebased to 100 at the start. Use the left and right arrow keys to read each month, Home and End for the first and last, Escape to dismiss.
Dec 2023, fund 100.00, index 100.00Jan 2024, fund 101.45, index 101.20Feb 2024, fund 105.43, index 105.49Mar 2024, fund 107.97, index 108.85Apr 2024, fund 103.56, index 104.84May 2024, fund 108.32, index 109.52Jun 2024, fund 110.40, index 111.75Jul 2024, fund 112.31, index 113.72Aug 2024, fund 115.33, index 116.72Sep 2024, fund 117.81, index 118.86Oct 2024, fund 114.83, index 116.50Nov 2024, fund 119.68, index 121.85Dec 2024, fund 116.15, index 118.67Jan 2025, fund 120.04, index 122.86Feb 2025, fund 119.73, index 121.97Mar 2025, fund 114.09, index 116.54Apr 2025, fund 115.32, index 117.58May 2025, fund 121.59, index 124.54Jun 2025, fund 127.00, index 129.91Jul 2025, fund 128.21, index 131.59Aug 2025, fund 131.40, index 135.02Sep 2025, fund 135.05, index 139.36Oct 2025, fund 138.21, index 142.15Nov 2025, fund 137.68, index 142.55Dec 2025, fund 138.64, index 143.70Jan 2026, fund 140.02, index 146.92Feb 2026, fund 140.48, index 148.00Mar 2026, fund 129.80, index 138.57Apr 2026, fund 143.14, index 151.86May 2026, fund 149.83, index 158.77Jun 2026, fund 148.56, index 157.63Jul 2026, fund 148.74, index 158.44Aug 2026, fund 153.51, index 163.12Sep 2026, fund 150.95, index 160.59
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
Source: Bloomberg, MSCI and OIM UK. Returns represent the relevant share class performance since inception using month end data. Returns are net of all fees. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised.
Top 10 holdings
- NVIDIA CORPInformation Technology6.06%
- APPLE INCInformation Technology5.41%
- MICROSOFT CORPInformation Technology3.69%
- AMAZON.COM INCConsumer Discretionary2.66%
- ALPHABET INCCommunication Services2.01%
Source: OIM UK, Bloomberg, MSCI. The investments should not be considered a recommendation to buy or sell any specific securities. There can be no assurance that such investments will remain in the strategy.
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Line chart. 34 monthly points from 31/12/2023 to 30/09/2026, rebased to 100 at the start. Use the left and right arrow keys to read each month, Home and End for the first and last, Escape to dismiss.
Dec 2023, fund 100.00, index 100.00Jan 2024, fund 101.45, index 101.20Feb 2024, fund 105.43, index 105.49Mar 2024, fund 107.97, index 108.85Apr 2024, fund 103.56, index 104.84May 2024, fund 108.32, index 109.52Jun 2024, fund 110.40, index 111.75Jul 2024, fund 112.31, index 113.72Aug 2024, fund 115.33, index 116.72Sep 2024, fund 117.81, index 118.86Oct 2024, fund 114.83, index 116.50Nov 2024, fund 119.68, index 121.85Dec 2024, fund 116.15, index 118.67Jan 2025, fund 120.04, index 122.86Feb 2025, fund 119.73, index 121.97Mar 2025, fund 114.09, index 116.54Apr 2025, fund 115.32, index 117.58May 2025, fund 121.59, index 124.54Jun 2025, fund 127.00, index 129.91Jul 2025, fund 128.21, index 131.59Aug 2025, fund 131.40, index 135.02Sep 2025, fund 135.05, index 139.36Oct 2025, fund 138.21, index 142.15Nov 2025, fund 137.68, index 142.55Dec 2025, fund 138.64, index 143.70Jan 2026, fund 140.02, index 146.92Feb 2026, fund 140.48, index 148.00Mar 2026, fund 129.80, index 138.57Apr 2026, fund 143.14, index 151.86May 2026, fund 149.83, index 158.77Jun 2026, fund 148.56, index 157.63Jul 2026, fund 148.74, index 158.44Aug 2026, fund 153.51, index 163.12Sep 2026, fund 150.95, index 160.59
Performance data will appear when available.
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
Source: Bloomberg, MSCI and OIM UK. Returns represent the relevant share class performance since inception using month end data. Returns are net of all fees. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised.
Return profile
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | SI | |
|---|---|---|---|---|---|---|---|---|---|
| Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV | -1.66 | +1.61 | +16.29 | +8.88 | +11.78 | — | — | — | +16.15 |
| MSCI World (USD) NTR | -1.55 | +1.88 | +15.89 | +11.75 | +15.24 | — | — | — | +18.80 |
| Excess Return | -0.12 | -0.27 | +0.40 | -2.87 | -3.46 | — | — | — | -2.65 |
Source: Bloomberg, MSCI and OIM UK. Returns represent the relevant share class performance since inception using month end data. Returns are net of all fees. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised.
Annual returns
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
|---|---|---|---|---|---|---|
| Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV | — | — | — | +16.15 | +19.36 | +8.88 |
| MSCI World (USD) NTR | — | — | — | +18.67 | +21.09 | +11.75 |
| Excess Return | — | — | — | -2.52 | -1.73 | -2.87 |
Source: Bloomberg, MSCI and OIM UK. Returns represent the relevant share class performance since inception using month end data. Returns are net of all fees.
Risk-adjusted performance
| Since inception | |
|---|---|
| Active risk | 1.49% |
| Upside capture ratio | 95.11 |
| Downside capture ratio | 110.63 |
| Information ratio | -1.78 |
Source: Bloomberg, MSCI and OIM UK. Returns represent the relevant share class performance since inception using month end data. Capture ratios are gross of fees and dividend withholding tax. Information ratio is net of all fees.
Sector allocation
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
Information Technology
31.7%
31.8%
Financials
15.1%
15.7%
Health Care
12.6%
9.2%
Industrials
10.4%
10.8%
Consumer Discretionary
9.4%
8.4%
Communication Services
9.2%
8.3%
Materials
4.2%
3.2%
Consumer Staples
3.7%
4.8%
Real Estate
2.7%
1.5%
Utilities
1.0%
2.3%
Energy
0.0%
4.0%
Source: OIM UK, Bloomberg, MSCI.
Country allocation
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
USA
73.0%
72.9%
Japan
5.9%
5.9%
Canada
3.3%
3.3%
United Kingdom
3.3%
3.4%
France
2.3%
2.2%
Switzerland
2.2%
2.1%
Germany
2.0%
2.1%
Australia
1.6%
1.5%
Netherlands
1.5%
1.4%
Spain
0.9%
1.0%
Source: OIM UK, Bloomberg, MSCI.
Top 10 holdings
Top 10 holdings - 27.42%
Rest of portfolio
- Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAVMSCI World (USD) NTR
- 01NVIDIA CORPInformation Technology6.06%5.81%
- 02APPLE INCInformation Technology5.41%5.41%
- 03MICROSOFT CORPInformation Technology3.69%4.00%
- 04AMAZON.COM INCConsumer Discretionary2.66%2.67%
- 05ALPHABET INCCommunication Services2.01%2.23%
- 06META PLATFORMS INCCommunication Services1.75%1.76%
- 07BROADCOM INCInformation Technology1.58%1.76%
- 08ALPHABET INCCommunication Services1.54%1.76%
- 09ADVANCED MICRO DEVICES INCInformation Technology1.51%1.10%
- 10TESLA INCConsumer Discretionary1.21%1.12%
Source: OIM UK, Bloomberg, MSCI. The investments should not be considered a recommendation to buy or sell any specific securities. There can be no assurance that such investments will remain in the strategy.
Portfolio characteristics
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
Number of holdings
618
1,249
Average Weighted Market Cap (Billions)
$1,104bn
$1,130bn
Median Market Cap (Billions)
$40bn
$29bn
Trailing P/E
22.14
22.69
Price-to-Book Value
4.13
4.10
Price-to-Cash Flow
16.20
16.59
ROE
21.55%
20.39%
Dividend Yield
1.51%
1.51%
Active share
32.48%
Source: OIM UK, Bloomberg, MSCI. Dividend yield is over the course of a year.
Sustainability
The Resource Efficiency signal generates a significant reduction in the resource footprint relative to the MSCI World without the need to divest from any sectors.
Osmosis Developed Core Equity Fossil Fuel Transition Fund ICAV
MSCI World (USD) NTR
Environmental Footprint
-53%
0.000.250.500.751.00
1.00
Carbon
-66%
0.0023.4246.8570.2793.69
93.69
unit: tonnes CO2e/mln $
Water
-49%
0.00130.57261.14391.71522.28
522.28
unit: cubic meter / mln $
Waste
-44%
0.001.613.234.846.45
6.45
unit: tonnes/mln $
Source: OIM UK, Bloomberg, MSCI.
Fund documents
KIID - Osmosis Developed Core Equity Fossil Fuel Transition Fund - Class D USD
KIID PRIIPs - Osmosis Developed Core Equity Fossil Fuel Transition Fund - Class D USD
Supplement - Osmosis Developed Core Equity Fossil Fuel Transition Fund
Article 8 Annex - Osmosis Developed Core Equity Fossil Fuel Transition Fund
Prospectus - Osmosis ICAV
Latest commentary
Latest commentary
