Price and Performance (Daily)

For accredited, professional, institutional and/or qualified persons only.

Past performance is not indicative of future performance. Performance is provided net of fees.

The Valuation date: November 18, 2024
serieAsOFDateFKFundNameISINMTDYTDSIMTDYTDSI
118 Nov 2024GAM Sustainable Climate Bond fundIE000BSJBO140.010.05-0.020.775.34-2.07

Temperature Alignment

The portfolio is aligned with the Paris agreement target of limited global warming to 1.5 degrees by the end of the century. This is driven by the allocation to projects that contribute to climate change mitigation (>90% of the fund). This compares to a temperature alignment of 3.7c for the Euro Investment Grade Corporate Index.

Key Characteristics

100%

GREEN AND
IMPACT BONDS

Categorised
within SFDR as

Article 9

100%

FINANCIAL
INSTITUTIONS

BBB+

AVERAGE CREDIT
RATING

130bps

SPREAD
.

0.9%

YIELD
(in EUR)

Impact Reporting

Tangible impact across a wide range of initiatives (per €10m invested)

  • 1,510 tons of CO2 emissions avoided per year
  • Equivalent to the emissions of a car travelling 212 times around the Earth
  • 2.5 MW of renewable energy capacity installed and 5,220 MWh energy generated
  • Equivalent to nearly 35,000,000 km driven by electric cars
  • 1,080 m² of green buildings financed
  • Equivalent to 10 average European houses
  • 830 tons of waste treated per annum
  • Equivalent to annual waste of 160 people
  • 270 m³ of water treated per day
  • Equivalent to the consumption of nearly 2,000 European households
  • 2980 m² of buildings refurbished
  • Equivalent to nearly 30 European houses

Investment process – Overview

Research-intensive approach to select bonds, construct portfolios and manage risk

  • Bottom-up investment approach

  • Based on long-term credit convictions

  • Apply in-depth fundamental credit analysis

  • Indentify issuers with strong credit metrics and corporate governance favorable to bond investors

  • Research process focused on capital preservation

  • ESG analysis based on internal scoring model, focus on climate and environmental aspects:

    • Clear and credible climate strategy

    • Green bond issuance is aligned to climate strategy

Green Bond Assessment Framework

Ensuring meaningful impact generated for investors

Asset-level green impacT

  • Screening at issuer and green bond framework levels
  • Assessment of the use of proceeds
  • We provide visibility to investors on the allocation of proceeds and key KPls of environmental impact

Issuer ESG quality

  • Overall, we seek to invest in issuers with strong ESG credentials – including a clearly defined climate and sustainability strategy, a credible and transparent green bond framework and support for a pipeline in green assets
  • Analysis of issuers’ ESG profile is performed internally with a proprietary scoring tool, which assesses material ESG issues for each sector

Green bond framework

  • The quality of the governance and processes related to the green bonds’ use of proceeds are assessed using an internal scoring framework based on pre-issuance documentation
  • Issuers are required to appoint external verifiers/auditors for pre- and post-issuance reporting

  • The Valuation date: November 18, 2024
    serieAsOFDateFKFund NameISINMTDYTDSIMTDYTDSI
    120,241,118GAM Sustainable Climate Bond fundIE000BSJBO140.00770.0534-0.02070.775.34-2.07
    220,241,118GAM Star Crdt Ops EUR InvIE00B50JD3540.00670.11020.65440.6711.0265.44
    320,241,118GAM Star Crdt Ops GBP InvIE00B510J1730.00510.09320.92880.519.3292.88
    420,241,118GAM Star Crdt Ops USD InvIE00B57693100.00230.09340.84350.239.3484.35
    520,241,118GAM Interest Trend IncIE00BYM4P9130.00390.09350.37830.399.3537.83

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