Osmosis International Transition Leaders Strategy
INCEPTION DATE
12/12/2024
CURRENCY
USD
INDEX LEVEL — GROSS OF FEES (as at 30/09/2026)
144.97
INDEX LEVEL — NET OF FEES (as at 30/09/2026)
143.73
INDEX LEVEL MONTHLY CHG
-4.43%
About this strategy
The Osmosis International Transition Leaders Strategy is designed to outperform the MSCI World ex USA Index by systematically selecting the most Resource Efficient companies across 36 industry sectors in all MSCI EAFE countries plus Canada. Country and sector constraints are applied relative to the MSCI World ex USA benchmark and companies which have undesirable characteristics, such as overvaluation and low momentum, are excluded. The portfolio excludes tobacco and any companies that breach the UN Global Compact’s social and governance safeguards. Financials are neutrally included to the MSCI EAFE benchmark and are selected based on traditional common factors which are complementary to the Resource Efficiency signal. The strategy demonstrates significantly less ownership of Carbon, Water and Waste than the respective benchmark.
Systematic Equities
Resource Efficiency
Higher Active
Professional information
- Manager
- Osmosis Investment Management UK Ltd
Sustainability
Environmental Footprint
-68%
0.000.250.500.751.00
1.00
Source: OIM UK, Bloomberg, MSCI.
Performance
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Line chart. 22 monthly points from 31/12/2024 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 2024, fund 100.00, index 100.00Jan 2025, fund 104.77, index 104.97Feb 2025, fund 107.63, index 106.82Mar 2025, fund 105.85, index 106.20Apr 2025, fund 112.64, index 111.04May 2025, fund 117.04, index 116.27Jun 2025, fund 120.96, index 118.99Jul 2025, fund 119.32, index 117.56Aug 2025, fund 125.83, index 122.73Sep 2025, fund 125.02, index 125.34Oct 2025, fund 128.02, index 126.69Nov 2025, fund 129.80, index 128.01Dec 2025, fund 133.06, index 131.85Jan 2026, fund 137.51, index 138.08Feb 2026, fund 140.58, index 144.71Mar 2026, fund 128.17, index 130.62Apr 2026, fund 135.82, index 140.28May 2026, fund 141.84, index 144.22Jun 2026, fund 139.47, index 143.97Jul 2026, fund 145.47, index 146.94Aug 2026, fund 151.69, index 150.16Sep 2026, fund 144.97, index 145.26
Osmosis International Transition Leaders Strategy net
MSCI World Ex USA (NTR) USD
Osmosis International Transition Leaders Strategy gross
Bloomberg, MSCI and OIM UK. Osmosis International Transition Leaders is a systematic, asset multiple weighted investment strategy. MSCI World ex USA is NDDUWUXUS, Net Total Return (USD). Returns represent monthly returns of the Developed International Transition Leaders composite. Gross-of- Fees returns are presented before management and custodial fees but net of all trading expenses. A client's returns will be reduced by the advisory fee incurred in the management of its account. Net returns are calculated by subtracting the following model fees and expenses on the basis of an investment of $250million, transaction costs incurred and investment management fees (TER is 0.50%). Fees are negotiable based on specific client requirements and size of allocations. Please see the attached performance calculation disclosure language. Returns are calculated using a time-weighted total-rate-of-return method. The composite includes all fully-discretionary, taxable and tax-exempt portfolios that have been under the Firm’s management for at least one entire month. 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
- KEYENCE CORPInformation Technology3.61%
- RECRUIT HOLDINGS CO LTDIndustrials3.61%
- OBIC CO LTDInformation Technology3.52%
- GLENCORE PLCMaterials3.50%
- L'OREAL SAConsumer Staples3.47%
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. 22 monthly points from 31/12/2024 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 2024, fund 100.00, index 100.00Jan 2025, fund 104.77, index 104.97Feb 2025, fund 107.63, index 106.82Mar 2025, fund 105.85, index 106.20Apr 2025, fund 112.64, index 111.04May 2025, fund 117.04, index 116.27Jun 2025, fund 120.96, index 118.99Jul 2025, fund 119.32, index 117.56Aug 2025, fund 125.83, index 122.73Sep 2025, fund 125.02, index 125.34Oct 2025, fund 128.02, index 126.69Nov 2025, fund 129.80, index 128.01Dec 2025, fund 133.06, index 131.85Jan 2026, fund 137.51, index 138.08Feb 2026, fund 140.58, index 144.71Mar 2026, fund 128.17, index 130.62Apr 2026, fund 135.82, index 140.28May 2026, fund 141.84, index 144.22Jun 2026, fund 139.47, index 143.97Jul 2026, fund 145.47, index 146.94Aug 2026, fund 151.69, index 150.16Sep 2026, fund 144.97, index 145.26
Performance data will appear when available.
Osmosis International Transition Leaders Strategy net
Osmosis International Transition Leaders Strategy gross
MSCI World Ex USA (NTR) USD
Bloomberg, MSCI and OIM UK. Osmosis International Transition Leaders is a systematic, asset multiple weighted investment strategy. MSCI World ex USA is NDDUWUXUS, Net Total Return (USD). Returns represent monthly returns of the Developed International Transition Leaders composite. Gross-of- Fees returns are presented before management and custodial fees but net of all trading expenses. A client's returns will be reduced by the advisory fee incurred in the management of its account. Net returns are calculated by subtracting the following model fees and expenses on the basis of an investment of $250million, transaction costs incurred and investment management fees (TER is 0.50%). Fees are negotiable based on specific client requirements and size of allocations. Please see the attached performance calculation disclosure language. Returns are calculated using a time-weighted total-rate-of-return method. The composite includes all fully-discretionary, taxable and tax-exempt portfolios that have been under the Firm’s management for at least one entire month. 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 | -4.43 | +3.94 | +13.11 | +8.95 | +15.96 | — | — | — | +23.64 |
| MSCI World Ex USA (NTR) USD | -3.27 | +0.89 | +11.21 | +10.16 | +15.89 | — | — | — | +23.78 |
| Excess Return | -1.17 | +3.05 | +1.91 | -1.21 | +0.07 | — | — | — | -0.14 |
| Net | -4.47 | +3.81 | +12.83 | +8.55 | +15.39 | — | — | — | +23.03 |
| MSCI World Ex USA (NTR) USD | -3.27 | +0.89 | +11.21 | +10.16 | +15.89 | — | — | — | +23.78 |
| Excess Return | -1.21 | +2.92 | +1.63 | -1.61 | -0.50 | — | — | — | -0.75 |
Bloomberg, MSCI and OIM UK. Osmosis International Transition Leaders is a systematic, asset multiple weighted investment strategy. MSCI World ex USA is NDDUWUXUS, Net Total Return (USD). Returns represent monthly returns of the Developed International Transition Leaders composite. Gross-of- Fees returns are presented before management and custodial fees but net of all trading expenses. A client's returns will be reduced by the advisory fee incurred in the management of its account. Net returns are calculated by subtracting the following model fees and expenses on the basis of an investment of $250million, transaction costs incurred and investment management fees (TER is 0.50%). Fees are negotiable based on specific client requirements and size of allocations. Please see the attached performance calculation disclosure language. Returns are calculated using a time-weighted total-rate-of-return method. The composite includes all fully-discretionary, taxable and tax-exempt portfolios that have been under the Firm’s management for at least one entire month. 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 | — | — | — | — | +33.06 | +8.95 |
| MSCI World Ex USA (NTR) USD | — | — | — | — | +31.85 | +10.16 |
| Excess Return | — | — | — | — | +1.20 | -1.21 |
| Net | — | — | — | — | +32.41 | +8.55 |
| MSCI World Ex USA (NTR) USD | — | — | — | — | +31.85 | +10.16 |
| Excess Return | — | — | — | — | +0.55 | -1.61 |
Bloomberg, MSCI and OIM UK. Osmosis International Transition Leaders is a systematic, asset multiple weighted investment strategy. MSCI World ex USA is NDDUWUXUS, Net Total Return (USD). Returns represent monthly returns of the Developed International Transition Leaders composite. Gross-of- Fees returns are presented before management and custodial fees but net of all trading expenses. A client's returns will be reduced by the advisory fee incurred in the management of its account. Net returns are calculated by subtracting the following model fees and expenses on the basis of an investment of $250million, transaction costs incurred and investment management fees (TER is 0.50%). Fees are negotiable based on specific client requirements and size of allocations. Please see the attached performance calculation disclosure language. Returns are calculated using a time-weighted total-rate-of-return method. The composite includes all fully-discretionary, taxable and tax-exempt portfolios that have been under the Firm’s management for at least one entire month. Past performance is not an indication of future performance.
Risk-adjusted performance
| Since inception | |
|---|---|
| Active risk | 5.20% |
| Upside capture ratio | 105.70 |
| Downside capture ratio | 111.98 |
| Information ratio gross | -0.03 |
| Information ratio net | -0.14 |
Bloomberg, MSCI and OIM UK. Osmosis International Transition Leaders is a systematic, asset multiple weighted investment strategy. MSCI World ex USA is NDDUWUXUS, Net Total Return (USD). Returns represent monthly returns of the Developed International Transition Leaders composite. Gross-of- Fees returns are presented before management and custodial fees but net of all trading expenses. Capture ratios are gross of fees and dividend withholding tax. A client's returns will be reduced by the advisory fee incurred in the management of its account. Net returns are calculated by subtracting the following model fees and expenses on the basis of an investment of $250million, transaction costs incurred and investment management fees (TER is 0.50%). Fees are negotiable based on specific client requirements and size of allocations. Please see the attached performance calculation disclosure language. Returns are calculated using a time-weighted total-rate-of-return method. The composite includes all fully-discretionary, taxable and tax-exempt portfolios that have been under the Firm’s management for at least one entire month. Past performance is not an indication of future performance.
Sector allocation
Osmosis International Transition Leaders Strategy
MSCI World Ex USA (NTR) USD
Financials
28.1%
28.0%
Industrials
18.3%
17.7%
Information Technology
10.2%
11.0%
Health Care
9.9%
8.8%
Materials
8.3%
7.2%
Consumer Discretionary
7.4%
7.4%
Consumer Staples
6.2%
6.1%
Energy
4.6%
5.5%
Utilities
2.9%
3.5%
Communication Services
2.6%
3.6%
Real Estate
1.5%
1.3%
Source: OIM UK, Bloomberg, MSCI.
Country allocation
Osmosis International Transition Leaders Strategy
MSCI World Ex USA (NTR) USD
Japan
20.9%
21.8%
United Kingdom
11.7%
12.6%
Canada
11.1%
12.2%
France
9.3%
8.3%
Switzerland
7.2%
7.9%
Germany
7.0%
7.6%
Netherlands
6.2%
5.3%
Australia
4.9%
5.7%
Sweden
4.0%
3.0%
Italy
3.9%
2.9%
Source: OIM UK, Bloomberg, MSCI.
Top 10 holdings
Top 10 holdings · 34.04%
Rest of portfolio
- Osmosis International Transition Leaders StrategyMSCI World Ex USA (NTR) USD
- 01KEYENCE CORPInformation Technology3.61%0.39%
- 02RECRUIT HOLDINGS CO LTDIndustrials3.61%0.58%
- 03OBIC CO LTDInformation Technology3.52%0.04%
- 04GLENCORE PLCMaterials3.50%0.28%
- 05L'OREAL SAConsumer Staples3.47%0.42%
- 06TOYOTA TSUSHO CORPIndustrials3.46%0.12%
- 07MERCEDES-BENZ GROUP AGConsumer Discretionary3.45%0.13%
- 08SONOVA HOLDING AGHealth Care3.32%0.06%
- 09LUNDIN GOLD INCMaterials3.15%0.02%
- 10SWEDISH ORPHAN BIOVITRUM AB (PUBL)Health Care2.95%0.03%
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 Transition Leaders Strategy
MSCI World Ex USA (NTR) USD
Number of holdings
83
736
Average Weighted Market Cap (Billions)
$89bn
$122bn
Median Market Cap (Billions)
$39bn
$21bn
Trailing P/E
15.66
17.66
Price-to-Book Value
2.04
2.36
Price-to-Cash Flow
8.92
11.16
ROE
18.23%
17.96%
Dividend Yield
2.61%
2.61%
Active share
83.08%
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 ex-US Index without the need to divest from any sectors.
Osmosis International Transition Leaders Strategy
MSCI World Ex USA (NTR) USD
Environmental Footprint
-68%
0.000.250.500.751.00
1.00
Carbon
-62%
0.0034.7169.41104.12138.83
138.83
unit: tonnes CO2e/mln $
Water
-65%
0.00225.05450.09675.14900.18
900.18
unit: cubic meter / mln $
Waste
-75%
0.002.835.668.5011.33
11.33
unit: tonnes/mln $
Source: OIM UK, Bloomberg, MSCI.
Strategy documents will appear here when they are published.
Latest commentary
Latest commentary
