Osmosis International ADR Transition Leaders Strategy
INCEPTION DATE
31/07/2015
CURRENCY
USD
INDEX LEVEL — GROSS OF FEES (as at 30/09/2026)
210.83
INDEX LEVEL — NET OF FEES (as at 30/09/2026)
162.50
INDEX LEVEL MONTHLY CHG
-3.61%
About this strategy
The Osmosis International ADR Transition Leaders Strategy is designed to outperform the MSCI EAFE Index by systematically selecting the most Resource Efficient companies across 34 industry sectors. Only stocks with an ADR and a positive Resource Efficiency score are eligible for selection. Country and sector constraints are applied relative to the MSCI EAFE benchmark and companies which have undesirable characteristics, such as overvaluation and low momentum, are excluded. The portfolio excludes tobacco, financials, REITs and any companies that breach the UN Global Compact’s social and governance safeguards. The strategy demonstrates significantly less ownership of Carbon, Water and Waste than the respective benchmark.
Systematic Equity
Resource Efficiency
Higher Active
Professional information
- Manager
- Osmosis Investment Management UK Ltd
Sustainability
Environmental Footprint
-63%
0.000.250.500.751.00
1.00
Source: OIM UK, Bloomberg, MSCI.
Performance
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Line chart. 135 monthly points from 31/07/2015 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.
Jul 2015, fund 100.00, index 100.00Aug 2015, fund 92.60, index 92.64Sep 2015, fund 87.23, index 87.94Oct 2015, fund 94.67, index 94.81Nov 2015, fund 93.03, index 93.34Dec 2015, fund 90.77, index 92.08Jan 2016, fund 86.04, index 85.42Feb 2016, fund 86.15, index 83.86Mar 2016, fund 93.49, index 89.31Apr 2016, fund 95.60, index 91.90May 2016, fund 95.91, index 91.06Jun 2016, fund 93.52, index 88.01Jul 2016, fund 99.23, index 92.47Aug 2016, fund 99.51, index 92.53Sep 2016, fund 102.34, index 93.67Oct 2016, fund 99.92, index 91.75Nov 2016, fund 97.96, index 89.93Dec 2016, fund 102.00, index 93.00Jan 2017, fund 104.00, index 95.70Feb 2017, fund 104.42, index 97.07Mar 2017, fund 109.36, index 99.74Apr 2017, fund 113.23, index 102.28May 2017, fund 117.65, index 106.03Jun 2017, fund 117.36, index 105.84Jul 2017, fund 119.90, index 108.90Aug 2017, fund 119.25, index 108.86Sep 2017, fund 124.25, index 111.57Oct 2017, fund 126.47, index 113.26Nov 2017, fund 127.28, index 114.45Dec 2017, fund 128.20, index 116.28Jan 2018, fund 134.74, index 122.12Feb 2018, fund 128.80, index 116.61Mar 2018, fund 128.25, index 114.50Apr 2018, fund 130.44, index 117.12May 2018, fund 129.30, index 114.49Jun 2018, fund 129.24, index 113.09Jul 2018, fund 131.29, index 115.87Aug 2018, fund 128.93, index 113.63Sep 2018, fund 130.84, index 114.62Oct 2018, fund 118.92, index 105.50Nov 2018, fund 113.80, index 105.36Dec 2018, fund 108.58, index 100.25Jan 2019, fund 115.36, index 106.84Feb 2019, fund 117.24, index 109.56Mar 2019, fund 116.42, index 110.25Apr 2019, fund 119.28, index 113.35May 2019, fund 112.08, index 107.91Jun 2019, fund 117.66, index 114.31Jul 2019, fund 113.76, index 112.86Aug 2019, fund 112.33, index 109.93Sep 2019, fund 115.07, index 113.08Oct 2019, fund 120.78, index 117.15Nov 2019, fund 122.96, index 118.47Dec 2019, fund 126.63, index 122.32Jan 2020, fund 123.89, index 119.76Feb 2020, fund 113.20, index 108.94Mar 2020, fund 98.02, index 94.40Apr 2020, fund 103.02, index 100.50May 2020, fund 109.03, index 104.87Jun 2020, fund 113.77, index 108.44Jul 2020, fund 116.87, index 110.97Aug 2020, fund 121.24, index 116.67Sep 2020, fund 119.01, index 113.64Oct 2020, fund 113.78, index 109.11Nov 2020, fund 128.52, index 126.02Dec 2020, fund 133.21, index 131.88Jan 2021, fund 130.97, index 130.47Feb 2021, fund 136.00, index 133.40Mar 2021, fund 140.82, index 136.47Apr 2021, fund 142.67, index 140.57May 2021, fund 147.86, index 145.62Jun 2021, fund 146.55, index 143.52Jul 2021, fund 147.87, index 144.60Aug 2021, fund 150.87, index 147.15Sep 2021, fund 145.73, index 142.88Oct 2021, fund 149.37, index 146.40Nov 2021, fund 142.68, index 139.58Dec 2021, fund 150.51, index 146.73Jan 2022, fund 144.12, index 139.64Feb 2022, fund 144.30, index 137.17Mar 2022, fund 145.80, index 138.05Apr 2022, fund 137.12, index 129.12May 2022, fund 139.04, index 130.09Jun 2022, fund 126.61, index 118.02Jul 2022, fund 132.55, index 123.90Aug 2022, fund 125.50, index 118.02Sep 2022, fund 113.69, index 106.98Oct 2022, fund 119.10, index 112.73Nov 2022, fund 131.35, index 125.43Dec 2022, fund 131.46, index 125.53Jan 2023, fund 139.96, index 135.69Feb 2023, fund 137.02, index 132.86Mar 2023, fund 142.93, index 136.15Apr 2023, fund 146.38, index 140.00May 2023, fund 137.82, index 134.07Jun 2023, fund 143.47, index 140.17Jul 2023, fund 145.59, index 144.71Aug 2023, fund 139.21, index 139.17Sep 2023, fund 132.33, index 134.41Oct 2023, fund 128.64, index 128.96Nov 2023, fund 142.51, index 140.93Dec 2023, fund 152.07, index 148.42Jan 2024, fund 150.53, index 149.27Feb 2024, fund 148.92, index 152.01Mar 2024, fund 151.47, index 157.01Apr 2024, fund 145.76, index 152.99May 2024, fund 152.28, index 158.91Jun 2024, fund 147.55, index 156.35Jul 2024, fund 150.95, index 160.93Aug 2024, fund 157.68, index 166.17Sep 2024, fund 161.00, index 167.70Oct 2024, fund 153.49, index 158.58Nov 2024, fund 151.29, index 157.68Dec 2024, fund 147.62, index 154.09Jan 2025, fund 153.01, index 162.19Feb 2025, fund 155.66, index 165.34Mar 2025, fund 152.81, index 164.67Apr 2025, fund 160.57, index 172.21May 2025, fund 165.85, index 180.09Jun 2025, fund 169.69, index 184.06Jul 2025, fund 164.40, index 181.48Aug 2025, fund 171.83, index 189.21Sep 2025, fund 173.68, index 192.84Oct 2025, fund 179.36, index 195.10Nov 2025, fund 178.50, index 196.32Dec 2025, fund 182.52, index 202.20Jan 2026, fund 191.69, index 212.76Feb 2026, fund 200.31, index 222.60Mar 2026, fund 188.98, index 199.69Apr 2026, fund 196.24, index 214.57May 2026, fund 202.97, index 221.15Jun 2026, fund 200.70, index 221.30Jul 2026, fund 210.36, index 225.63Aug 2026, fund 218.73, index 230.12Sep 2026, fund 210.83, index 223.10
Osmosis International ADR Transition Leaders Strategy net
MSCI EAFE (USD) NTR
Osmosis International ADR Transition Leaders Strategy gross
Source:Osmosis International ADR Transition Leaders is a systematic, asset-multiple-weighted investment strategy. The benchmark is MSCI World ex USA (NDDUWXUS) until 31 May 2020, and MSCI EAFE thereafter. MSCI EAFE is the NDDUEAFE Index. Gross-of-fee performance reflects performance before the deduction of the Account Fee, but is net of all trading expenses and includes the reinvestment of dividends and other earnings. A client’s returns will be reduced by the advisory fee incurred in the management of its account. The net-of-fee performance shown reflects the deduction of the maximum Account Fee Rate of 1.7% that can currently be charged for this strategy in the Account. The actual Account Fee Rate applicable to a client’s account may vary. Please see the performance calculation disclosure language here. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised. Past performance is not an indication of future performance.
Top 10 holdings
- ASML HOLDING NVInformation Technology3.91%
- GLENCORE PLCMaterials3.56%
- RECRUIT HOLDINGS CO LTDIndustrials3.54%
- SONOVA HOLDING AGHealth Care3.50%
- REXEL SAIndustrials3.42%
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. 135 monthly points from 31/07/2015 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.
Jul 2015, fund 100.00, index 100.00Aug 2015, fund 92.60, index 92.64Sep 2015, fund 87.23, index 87.94Oct 2015, fund 94.67, index 94.81Nov 2015, fund 93.03, index 93.34Dec 2015, fund 90.77, index 92.08Jan 2016, fund 86.04, index 85.42Feb 2016, fund 86.15, index 83.86Mar 2016, fund 93.49, index 89.31Apr 2016, fund 95.60, index 91.90May 2016, fund 95.91, index 91.06Jun 2016, fund 93.52, index 88.01Jul 2016, fund 99.23, index 92.47Aug 2016, fund 99.51, index 92.53Sep 2016, fund 102.34, index 93.67Oct 2016, fund 99.92, index 91.75Nov 2016, fund 97.96, index 89.93Dec 2016, fund 102.00, index 93.00Jan 2017, fund 104.00, index 95.70Feb 2017, fund 104.42, index 97.07Mar 2017, fund 109.36, index 99.74Apr 2017, fund 113.23, index 102.28May 2017, fund 117.65, index 106.03Jun 2017, fund 117.36, index 105.84Jul 2017, fund 119.90, index 108.90Aug 2017, fund 119.25, index 108.86Sep 2017, fund 124.25, index 111.57Oct 2017, fund 126.47, index 113.26Nov 2017, fund 127.28, index 114.45Dec 2017, fund 128.20, index 116.28Jan 2018, fund 134.74, index 122.12Feb 2018, fund 128.80, index 116.61Mar 2018, fund 128.25, index 114.50Apr 2018, fund 130.44, index 117.12May 2018, fund 129.30, index 114.49Jun 2018, fund 129.24, index 113.09Jul 2018, fund 131.29, index 115.87Aug 2018, fund 128.93, index 113.63Sep 2018, fund 130.84, index 114.62Oct 2018, fund 118.92, index 105.50Nov 2018, fund 113.80, index 105.36Dec 2018, fund 108.58, index 100.25Jan 2019, fund 115.36, index 106.84Feb 2019, fund 117.24, index 109.56Mar 2019, fund 116.42, index 110.25Apr 2019, fund 119.28, index 113.35May 2019, fund 112.08, index 107.91Jun 2019, fund 117.66, index 114.31Jul 2019, fund 113.76, index 112.86Aug 2019, fund 112.33, index 109.93Sep 2019, fund 115.07, index 113.08Oct 2019, fund 120.78, index 117.15Nov 2019, fund 122.96, index 118.47Dec 2019, fund 126.63, index 122.32Jan 2020, fund 123.89, index 119.76Feb 2020, fund 113.20, index 108.94Mar 2020, fund 98.02, index 94.40Apr 2020, fund 103.02, index 100.50May 2020, fund 109.03, index 104.87Jun 2020, fund 113.77, index 108.44Jul 2020, fund 116.87, index 110.97Aug 2020, fund 121.24, index 116.67Sep 2020, fund 119.01, index 113.64Oct 2020, fund 113.78, index 109.11Nov 2020, fund 128.52, index 126.02Dec 2020, fund 133.21, index 131.88Jan 2021, fund 130.97, index 130.47Feb 2021, fund 136.00, index 133.40Mar 2021, fund 140.82, index 136.47Apr 2021, fund 142.67, index 140.57May 2021, fund 147.86, index 145.62Jun 2021, fund 146.55, index 143.52Jul 2021, fund 147.87, index 144.60Aug 2021, fund 150.87, index 147.15Sep 2021, fund 145.73, index 142.88Oct 2021, fund 149.37, index 146.40Nov 2021, fund 142.68, index 139.58Dec 2021, fund 150.51, index 146.73Jan 2022, fund 144.12, index 139.64Feb 2022, fund 144.30, index 137.17Mar 2022, fund 145.80, index 138.05Apr 2022, fund 137.12, index 129.12May 2022, fund 139.04, index 130.09Jun 2022, fund 126.61, index 118.02Jul 2022, fund 132.55, index 123.90Aug 2022, fund 125.50, index 118.02Sep 2022, fund 113.69, index 106.98Oct 2022, fund 119.10, index 112.73Nov 2022, fund 131.35, index 125.43Dec 2022, fund 131.46, index 125.53Jan 2023, fund 139.96, index 135.69Feb 2023, fund 137.02, index 132.86Mar 2023, fund 142.93, index 136.15Apr 2023, fund 146.38, index 140.00May 2023, fund 137.82, index 134.07Jun 2023, fund 143.47, index 140.17Jul 2023, fund 145.59, index 144.71Aug 2023, fund 139.21, index 139.17Sep 2023, fund 132.33, index 134.41Oct 2023, fund 128.64, index 128.96Nov 2023, fund 142.51, index 140.93Dec 2023, fund 152.07, index 148.42Jan 2024, fund 150.53, index 149.27Feb 2024, fund 148.92, index 152.01Mar 2024, fund 151.47, index 157.01Apr 2024, fund 145.76, index 152.99May 2024, fund 152.28, index 158.91Jun 2024, fund 147.55, index 156.35Jul 2024, fund 150.95, index 160.93Aug 2024, fund 157.68, index 166.17Sep 2024, fund 161.00, index 167.70Oct 2024, fund 153.49, index 158.58Nov 2024, fund 151.29, index 157.68Dec 2024, fund 147.62, index 154.09Jan 2025, fund 153.01, index 162.19Feb 2025, fund 155.66, index 165.34Mar 2025, fund 152.81, index 164.67Apr 2025, fund 160.57, index 172.21May 2025, fund 165.85, index 180.09Jun 2025, fund 169.69, index 184.06Jul 2025, fund 164.40, index 181.48Aug 2025, fund 171.83, index 189.21Sep 2025, fund 173.68, index 192.84Oct 2025, fund 179.36, index 195.10Nov 2025, fund 178.50, index 196.32Dec 2025, fund 182.52, index 202.20Jan 2026, fund 191.69, index 212.76Feb 2026, fund 200.31, index 222.60Mar 2026, fund 188.98, index 199.69Apr 2026, fund 196.24, index 214.57May 2026, fund 202.97, index 221.15Jun 2026, fund 200.70, index 221.30Jul 2026, fund 210.36, index 225.63Aug 2026, fund 218.73, index 230.12Sep 2026, fund 210.83, index 223.10
Performance data will appear when available.
Osmosis International ADR Transition Leaders Strategy net
Osmosis International ADR Transition Leaders Strategy gross
MSCI EAFE (USD) NTR
Source:Osmosis International ADR Transition Leaders is a systematic, asset-multiple-weighted investment strategy. The benchmark is MSCI World ex USA (NDDUWXUS) until 31 May 2020, and MSCI EAFE thereafter. MSCI EAFE is the NDDUEAFE Index. Gross-of-fee performance reflects performance before the deduction of the Account Fee, but is net of all trading expenses and includes the reinvestment of dividends and other earnings. A client’s returns will be reduced by the advisory fee incurred in the management of its account. The net-of-fee performance shown reflects the deduction of the maximum Account Fee Rate of 1.7% that can currently be charged for this strategy in the Account. The actual Account Fee Rate applicable to a client’s account may vary. Please see the performance calculation disclosure language here. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised. Past performance is not an indication of future performance.
Return profile
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | SI | |
|---|---|---|---|---|---|---|---|---|---|
| Gross | -3.61 | +5.04 | +11.56 | +15.51 | +21.39 | +16.80 | +7.66 | +7.49 | +6.91 |
| MSCI EAFE (USD) NTR | -3.05 | +0.81 | +11.72 | +10.33 | +15.69 | +18.40 | +9.32 | +9.07 | +7.45 |
| Excess Return | -0.56 | +4.23 | -0.16 | +5.17 | +5.70 | -1.60 | -1.66 | -1.57 | -0.54 |
| Net | -3.78 | +4.51 | +10.42 | +13.74 | +18.93 | +14.42 | +5.45 | +5.10 | +4.44 |
| MSCI EAFE (USD) NTR | -3.05 | +0.81 | +11.72 | +10.33 | +15.69 | +18.40 | +9.32 | +9.07 | +7.45 |
| Excess Return | -0.73 | +3.70 | -1.30 | +3.41 | +3.23 | -3.98 | -3.87 | -3.97 | -3.01 |
Source:Osmosis International ADR Transition Leaders is a systematic, asset-multiple-weighted investment strategy. The benchmark is MSCI World ex USA (NDDUWXUS) until 31 May 2020, and MSCI EAFE thereafter. MSCI EAFE is the NDDUEAFE Index. Gross-of-fee performance reflects performance before the deduction of the Account Fee, but is net of all trading expenses and includes the reinvestment of dividends and other earnings. A client’s returns will be reduced by the advisory fee incurred in the management of its account. The net-of-fee performance shown reflects the deduction of the maximum Account Fee Rate of 1.7% that can currently be charged for this strategy in the Account. The actual Account Fee Rate applicable to a client’s account may vary. Please see the performance calculation disclosure language here. For periods less than one year, returns are cumulative. For periods longer than one year, returns are annualised. Past performance is not an indication of future performance.
Annual returns
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
|---|---|---|---|---|---|---|
| Gross | +12.99 | -12.66 | +15.68 | -2.93 | +23.64 | +15.51 |
| MSCI EAFE (USD) NTR | +11.26 | -14.45 | +18.24 | +3.82 | +31.22 | +10.33 |
| Excess Return | +1.73 | +1.79 | -2.56 | -6.75 | -7.58 | +5.17 |
| Net | +10.42 | -14.50 | +13.33 | -4.90 | +21.13 | +13.74 |
| MSCI EAFE (USD) NTR | +11.26 | -14.45 | +18.24 | +3.82 | +31.22 | +10.33 |
| Excess Return | -0.85 | -0.05 | -4.91 | -8.72 | -10.09 | +3.41 |
Source:Osmosis International ADR Transition Leaders is a systematic, asset-multiple-weighted investment strategy. The benchmark is MSCI World ex USA (NDDUWXUS) until 31 May 2020, and MSCI EAFE thereafter. MSCI EAFE is the NDDUEAFE Index. Gross-of-fee performance reflects performance before the deduction of the Account Fee, but is net of all trading expenses and includes the reinvestment of dividends and other earnings. A client’s returns will be reduced by the advisory fee incurred in the management of its account. The net-of-fee performance shown reflects the deduction of the maximum Account Fee Rate of 1.7% that can currently be charged for this strategy in the Account. The actual Account Fee Rate applicable to a client’s account may vary. Please see the performance calculation disclosure language here. Past performance is not an indication of future performance.
Risk-adjusted performance
| Since inception | |
|---|---|
| Active risk | 4.33% |
| Upside capture ratio | 108.64 |
| Downside capture ratio | 99.21 |
| Information ratio gross | -0.12 |
| Information ratio net | -0.69 |
Source:Osmosis International ADR Transition Leaders is a systematic, asset-multiple-weighted investment strategy. The benchmark is MSCI World ex USA (NDDUWXUS) until 31 May 2020, and MSCI EAFE thereafter. MSCI EAFE is the NDDUEAFE Index. Gross-of-fee performance reflects performance before the deduction of the Account Fee, but is net of all trading expenses and includes the reinvestment of dividends and other earnings. A client’s returns will be reduced by the advisory fee incurred in the management of its account. The net-of-fee performance shown reflects the deduction of the maximum Account Fee Rate of 1.7% that can currently be charged for this strategy in the Account. The actual Account Fee Rate applicable to a client’s account may vary. Please see the performance calculation disclosure language here. Past performance is not an indication of future performance.
Sector allocation
Osmosis International ADR Transition Leaders Strategy
MSCI EAFE (USD) NTR
Financials
26.4%
26.3%
Industrials
20.0%
18.9%
Health Care
11.1%
10.0%
Information Technology
10.8%
11.2%
Consumer Discretionary
9.1%
8.1%
Materials
7.1%
6.0%
Consumer Staples
5.7%
6.5%
Communication Services
3.3%
3.9%
Energy
3.0%
3.9%
Utilities
2.9%
3.7%
Real Estate
0.6%
1.5%
Source: OIM UK, Bloomberg, MSCI.
Country allocation
Osmosis International ADR Transition Leaders Strategy
MSCI EAFE (USD) NTR
Japan
23.9%
24.9%
United Kingdom
13.5%
14.4%
France
10.4%
9.4%
Switzerland
9.4%
9.0%
Germany
7.8%
8.7%
Netherlands
6.7%
6.0%
Australia
5.5%
6.4%
Sweden
4.4%
3.4%
Italy
4.3%
3.3%
Spain
3.4%
4.0%
Source: OIM UK, Bloomberg, MSCI.
Top 10 holdings
Top 10 holdings · 32.91%
Rest of portfolio
- Osmosis International ADR Transition Leaders StrategyMSCI EAFE (USD) NTR
- 01ASML HOLDING NVInformation Technology3.91%3.28%
- 02GLENCORE PLCMaterials3.56%0.32%
- 03RECRUIT HOLDINGS CO LTDIndustrials3.54%0.66%
- 04SONOVA HOLDING AGHealth Care3.50%0.07%
- 05REXEL SAIndustrials3.42%0.04%
- 06SAP SEInformation Technology3.18%0.99%
- 07DENSO CORPConsumer Discretionary2.97%0.09%
- 08ROCHE HOLDING AGHealth Care2.96%1.37%
- 09OBIC CO LTDInformation Technology2.93%0.05%
- 10SEKISUI HOUSE LTDConsumer Discretionary2.93%0.06%
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 International ADR Transition Leaders Strategy
MSCI EAFE (USD) NTR
Number of holdings
73
656
Average Weighted Market Cap (Billions)
$107bn
$126bn
Median Market Cap (Billions)
$38bn
$21bn
Trailing P/E
16.02
17.43
Price-to-Book Value
2.09
2.31
Price-to-Cash Flow
9.46
11.06
ROE
19.53%
18.35%
Dividend Yield
2.84%
2.67%
Active share
79.40%
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 EAFE without the need to divest from any sectors.
Osmosis International ADR Transition Leaders Strategy
MSCI EAFE (USD) NTR
Environmental Footprint
-63%
0.000.250.500.751.00
1.00
Carbon
-59%
0.0029.9859.9589.93119.91
119.91
Water
-81%
0.00201.12402.24603.36804.48
804.48
Waste
-49%
0.002.835.668.4911.32
11.32
Source: OIM UK, Bloomberg, MSCI.
Strategy documents will appear here when they are published.
Latest commentary
Latest commentary
