Osmosis Developed Core Equity Transition Fund
ISIN
IE00BKS7KZ72
INCEPTION DATE
11/11/2019
DOMICILE
Ireland
SFDR
Article 8
NAV (as at 30/09/2026)
£22.42
NAV MONTHLY CHG
+0.66%
About the fund
The Osmosis Developed Core Equity Transition Fund seeks superior risk-adjusted returns by targeting maximum resource efficiency exposure while maintaining a tight tracking error to the MSCI World. The portfolio takes advantage of the inefficiencies of market cap weighted strategies by closely replicating the factor exposures of the underlying benchmark with the active exposure being delivered through the Osmosis Resource Efficiency Factor. The resulting portfolio demonstrates significantly less ownership of Carbon, Water and Waste than the respective benchmark.
Systematic Equity
Resource Efficiency
Core Allocation
Fund details - share class D GBP
- AMC
- 0.25%
- TER
- 0.37%
- Benchmark
- MSCI World (GBP) NTR
- Class Currency
- GBP
- Dealing
- Daily
- Fund Size
- $1614.81m
- Bloomberg
- OMWSBDG
- Min Investment
- £5,000
- Product
- ICAV UCITS
- 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
-51%
0.000.250.500.751.00
1.00
Source: OIM UK, Bloomberg, MSCI.
Performance
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Line chart. 83 monthly points from 29/11/2019 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.
Nov 2019, fund 100.00, index 100.00Dec 2019, fund 100.50, index 100.57Jan 2020, fund 100.07, index 100.45Feb 2020, fund 94.54, index 94.90Mar 2020, fund 85.23, index 84.83Apr 2020, fund 92.41, index 92.50May 2020, fund 98.78, index 98.93Jun 2020, fund 101.81, index 101.60Jul 2020, fund 100.54, index 100.23Aug 2020, fund 105.92, index 104.81Sep 2020, fund 105.34, index 104.81Oct 2020, fund 102.17, index 101.58Nov 2020, fund 111.35, index 110.96Dec 2020, fund 113.57, index 112.96Jan 2021, fund 111.88, index 111.33Feb 2021, fund 112.71, index 112.15Mar 2021, fund 118.14, index 117.42Apr 2021, fund 123.43, index 122.46May 2021, fund 122.68, index 121.45Jun 2021, fund 127.68, index 126.36Jul 2021, fund 128.95, index 127.80Aug 2021, fund 133.78, index 132.32Sep 2021, fund 130.94, index 129.45Oct 2021, fund 136.16, index 134.55Nov 2021, fund 138.54, index 136.35Dec 2021, fund 141.32, index 138.88Jan 2022, fund 135.30, index 132.78Feb 2022, fund 132.11, index 129.41Mar 2022, fund 138.30, index 135.50Apr 2022, fund 133.37, index 130.30May 2022, fund 132.90, index 129.90Jun 2022, fund 126.13, index 123.12Jul 2022, fund 136.11, index 132.63Aug 2022, fund 136.23, index 132.91Sep 2022, fund 128.72, index 125.66Oct 2022, fund 133.79, index 130.38Nov 2022, fund 138.58, index 135.03Dec 2022, fund 131.11, index 128.00Jan 2023, fund 137.32, index 133.92Feb 2023, fund 136.28, index 132.91Mar 2023, fund 137.51, index 134.16Apr 2023, fund 137.63, index 134.29May 2023, fund 138.33, index 134.82Jun 2023, fund 142.60, index 139.39Jul 2023, fund 145.68, index 142.35Aug 2023, fund 143.64, index 141.09Sep 2023, fund 142.42, index 140.16Oct 2023, fund 138.99, index 136.89Nov 2023, fund 145.76, index 143.51Dec 2023, fund 151.85, index 149.51Jan 2024, fund 153.91, index 151.47Feb 2024, fund 160.92, index 158.95Mar 2024, fund 165.15, index 164.23Apr 2024, fund 160.05, index 159.58May 2024, fund 164.15, index 163.95Jun 2024, fund 168.61, index 168.49Jul 2024, fund 168.73, index 168.74Aug 2024, fund 169.79, index 169.28Sep 2024, fund 169.34, index 168.89Oct 2024, fund 172.76, index 172.72Nov 2024, fund 182.22, index 182.72Dec 2024, fund 180.39, index 180.60Jan 2025, fund 186.99, index 188.46Feb 2025, fund 183.16, index 184.64Mar 2025, fund 170.37, index 172.10Apr 2025, fund 166.06, index 167.78May 2025, fund 173.85, index 176.02Jun 2025, fund 178.54, index 180.70Jul 2025, fund 187.20, index 189.52Aug 2025, fund 187.92, index 190.48Sep 2025, fund 194.16, index 197.30Oct 2025, fund 203.41, index 206.22Nov 2025, fund 201.30, index 205.06Dec 2025, fund 199.85, index 203.64Jan 2026, fund 199.07, index 204.07Feb 2026, fund 203.88, index 209.81Mar 2026, fund 194.93, index 200.28Apr 2026, fund 207.03, index 213.01May 2026, fund 218.43, index 224.51Jun 2026, fund 219.63, index 226.37Jul 2026, fund 218.25, index 224.41Aug 2026, fund 222.64, index 229.04Sep 2026, fund 224.10, index 230.42
Osmosis Developed Core Equity Transition Fund
MSCI World (GBP) 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 Technology6.04%
- APPLE INCInformation Technology5.46%
- MICROSOFT CORPInformation Technology3.76%
- AMAZON.COM INCConsumer Discretionary2.66%
- ALPHABET INCCommunication Services2.08%
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. 83 monthly points from 29/11/2019 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.
Nov 2019, fund 100.00, index 100.00Dec 2019, fund 100.50, index 100.57Jan 2020, fund 100.07, index 100.45Feb 2020, fund 94.54, index 94.90Mar 2020, fund 85.23, index 84.83Apr 2020, fund 92.41, index 92.50May 2020, fund 98.78, index 98.93Jun 2020, fund 101.81, index 101.60Jul 2020, fund 100.54, index 100.23Aug 2020, fund 105.92, index 104.81Sep 2020, fund 105.34, index 104.81Oct 2020, fund 102.17, index 101.58Nov 2020, fund 111.35, index 110.96Dec 2020, fund 113.57, index 112.96Jan 2021, fund 111.88, index 111.33Feb 2021, fund 112.71, index 112.15Mar 2021, fund 118.14, index 117.42Apr 2021, fund 123.43, index 122.46May 2021, fund 122.68, index 121.45Jun 2021, fund 127.68, index 126.36Jul 2021, fund 128.95, index 127.80Aug 2021, fund 133.78, index 132.32Sep 2021, fund 130.94, index 129.45Oct 2021, fund 136.16, index 134.55Nov 2021, fund 138.54, index 136.35Dec 2021, fund 141.32, index 138.88Jan 2022, fund 135.30, index 132.78Feb 2022, fund 132.11, index 129.41Mar 2022, fund 138.30, index 135.50Apr 2022, fund 133.37, index 130.30May 2022, fund 132.90, index 129.90Jun 2022, fund 126.13, index 123.12Jul 2022, fund 136.11, index 132.63Aug 2022, fund 136.23, index 132.91Sep 2022, fund 128.72, index 125.66Oct 2022, fund 133.79, index 130.38Nov 2022, fund 138.58, index 135.03Dec 2022, fund 131.11, index 128.00Jan 2023, fund 137.32, index 133.92Feb 2023, fund 136.28, index 132.91Mar 2023, fund 137.51, index 134.16Apr 2023, fund 137.63, index 134.29May 2023, fund 138.33, index 134.82Jun 2023, fund 142.60, index 139.39Jul 2023, fund 145.68, index 142.35Aug 2023, fund 143.64, index 141.09Sep 2023, fund 142.42, index 140.16Oct 2023, fund 138.99, index 136.89Nov 2023, fund 145.76, index 143.51Dec 2023, fund 151.85, index 149.51Jan 2024, fund 153.91, index 151.47Feb 2024, fund 160.92, index 158.95Mar 2024, fund 165.15, index 164.23Apr 2024, fund 160.05, index 159.58May 2024, fund 164.15, index 163.95Jun 2024, fund 168.61, index 168.49Jul 2024, fund 168.73, index 168.74Aug 2024, fund 169.79, index 169.28Sep 2024, fund 169.34, index 168.89Oct 2024, fund 172.76, index 172.72Nov 2024, fund 182.22, index 182.72Dec 2024, fund 180.39, index 180.60Jan 2025, fund 186.99, index 188.46Feb 2025, fund 183.16, index 184.64Mar 2025, fund 170.37, index 172.10Apr 2025, fund 166.06, index 167.78May 2025, fund 173.85, index 176.02Jun 2025, fund 178.54, index 180.70Jul 2025, fund 187.20, index 189.52Aug 2025, fund 187.92, index 190.48Sep 2025, fund 194.16, index 197.30Oct 2025, fund 203.41, index 206.22Nov 2025, fund 201.30, index 205.06Dec 2025, fund 199.85, index 203.64Jan 2026, fund 199.07, index 204.07Feb 2026, fund 203.88, index 209.81Mar 2026, fund 194.93, index 200.28Apr 2026, fund 207.03, index 213.01May 2026, fund 218.43, index 224.51Jun 2026, fund 219.63, index 226.37Jul 2026, fund 218.25, index 224.41Aug 2026, fund 222.64, index 229.04Sep 2026, fund 224.10, index 230.42
Performance data will appear when available.
Osmosis Developed Core Equity Transition Fund
MSCI World (GBP) 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 Transition Fund | +0.66 | +2.04 | +14.97 | +12.14 | +15.42 | +16.31 | +11.35 | — | +12.53 |
| MSCI World (GBP) NTR | +0.60 | +1.79 | +15.04 | +13.15 | +16.78 | +18.02 | +12.22 | — | +12.99 |
| Excess Return | +0.05 | +0.25 | -0.08 | -1.01 | -1.36 | -1.71 | -0.88 | — | -0.46 |
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 Transition Fund | +24.43 | -7.23 | +15.82 | +18.80 | +10.79 | +12.14 |
| MSCI World (GBP) NTR | +22.94 | -7.83 | +16.81 | +20.79 | +12.75 | +13.15 |
| Excess Return | +1.49 | +0.60 | -0.99 | -2.00 | -1.97 | -1.01 |
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 | 0.93% |
| Upside capture ratio | 97.53 |
| Downside capture ratio | 99.61 |
| Information ratio | -0.49 |
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 Transition Fund
MSCI World (GBP) NTR
Information Technology
32.0%
31.8%
Financials
15.6%
15.7%
Industrials
10.8%
10.8%
Health Care
9.2%
9.2%
Consumer Discretionary
8.3%
8.4%
Communication Services
8.3%
8.3%
Consumer Staples
4.7%
4.8%
Energy
4.1%
4.0%
Materials
3.2%
3.2%
Utilities
2.2%
2.3%
Real Estate
1.5%
1.5%
Source: OIM UK, Bloomberg, MSCI.
Country allocation
Osmosis Developed Core Equity Transition Fund
MSCI World (GBP) NTR
USA
72.8%
72.9%
Japan
5.9%
5.9%
United Kingdom
3.5%
3.4%
Canada
3.4%
3.3%
France
2.3%
2.2%
Switzerland
2.2%
2.1%
Germany
2.1%
2.1%
Australia
1.5%
1.5%
Netherlands
1.4%
1.4%
Spain
0.9%
1.0%
Source: OIM UK, Bloomberg, MSCI.
Top 10 holdings
Top 10 holdings - 27.71%
Rest of portfolio
- Osmosis Developed Core Equity Transition FundMSCI World (GBP) NTR
- 01NVIDIA CORPInformation Technology6.04%5.81%
- 02APPLE INCInformation Technology5.46%5.41%
- 03MICROSOFT CORPInformation Technology3.76%4.00%
- 04AMAZON.COM INCConsumer Discretionary2.66%2.67%
- 05ALPHABET INCCommunication Services2.08%2.23%
- 06META PLATFORMS INCCommunication Services1.82%1.76%
- 07ALPHABET INCCommunication Services1.71%1.76%
- 08BROADCOM INCInformation Technology1.58%1.76%
- 09ADVANCED MICRO DEVICES INCInformation Technology1.42%1.10%
- 10TESLA INCConsumer Discretionary1.18%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 Transition Fund
MSCI World (USD) NTR
Number of holdings
762
1,249
Average Weighted Market Cap (Billions)
$1,100bn
$1,130bn
Median Market Cap (Billions)
$39bn
$29bn
Trailing P/E
22.56
22.69
Price-to-Book Value
4.16
4.10
Price-to-Cash Flow
16.50
16.59
ROE
21.23%
20.39%
Dividend Yield
1.50%
1.51%
Active share
25.52%
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 Transition Fund
MSCI World (USD) NTR
Environmental Footprint
-51%
0.000.250.500.751.00
1.00
Carbon
-40%
0.0023.4246.8570.2793.69
93.69
unit: tonnes CO2e/mln $
Water
-63%
0.00130.57261.14391.71522.28
522.28
unit: cubic meter / mln $
Waste
-50%
0.001.613.234.846.45
6.45
unit: tonnes/mln $
Source: OIM UK, Bloomberg, MSCI.
Fund documents
KIID - Osmosis Developed Core Equity Transition Fund - Class D GBP
KIID PRIIPs - Osmosis Developed Core Equity Transition Fund - Class D GBP
Prospectus - Osmosis ICAV
Supplement - Osmosis Developed Core Equity Transition Fund
Article 8 Annex - Osmosis Developed Core Equity Transition Fund
Latest commentary
Latest commentary
