Portfolio Delmi analysis

How to read table data :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to consult the fund's simplified fact sheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance". It is an MCSR proprietary measure that allows a summary evaluation of the funds considering the quality of the sustainable investment process, continuity and measurement of performance and risk parameters. The maximum value is 18 points.
MCSRIntensity: This is a proprietary MCSR measure that summarises assessments of the quality of the sustainable investment process. Funds rated 5 have an excellent investment process in ESG instruments. Lower rated funds are still preferable to funds that do not engage in positive finance.
Average Intensity: is the average of the ESG intensity ratings relative to the individual parameters
SFDR: is the European regulation that commits the Society management company to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritised over financial aspects (Article 9)
Performance: measures the fund's performance continuity (expressed in euros) over three different time periods on a scale of 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of the risk assumed by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale goes from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the last 6 months / 12 months / 36 months
Classification: the market in which the fund invests or the management objective, depending on the context
Instrument: Indicates whether the financial instrument is a fund, an ETF or a fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components or whether the manager is free to vary their size and risk
Theme: When a fund is "thematic", it means that it specialises in managing a specific investment area.
Environment: is the assessment of ESG intensity related to Environmental aspects
Good Governance is the assessment of ESG intensity related to Good Governance aspects
Society is the ESG intensity rating related to the aspects of Society
Transparency is the rating of the intensity with which the management Society is transparent in its ESG content
Process es is the rating of the intensity with which the management Society is qualified in its ESG processes

Table legend - ESG :

Esgap: "ESG Adjusted Performance". It is a proprietary MCSR measure that allows a summary assessment of funds considering the quality of the sustainable investment process, continuity and measurement of performance and risk parameters over the last 3 years. Funds rated 5 have both an excellent ESG process and excellent performance and risk control.
MCSRintensity: This is a proprietary MCSR measure that summarises assessments of the quality of the sustainable investment process and Portfolio where the fund has invested. Funds rated 5 have an excellent investment process in ESG instruments. Lower rated funds are still preferable to funds that do not engage in positive finance.
Average Intensity: is the average of the ESG intensity ratings related to the individual parameters
SFDR: is the European regulation that commits Society management to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritised over financial aspects (Article 9)
Thematic: when a fund is 'thematic', it means that it specialises in managing a specific investment area.
Environment: is the assessment of ESG intensity relating to Environmental aspects
Good Governance: is the assessment of ESG intensity relating to aspects of good governance of states and companies
Society : is the ESG intensity rating related to the salient aspects of Society
Transparency: is the rating of the intensity with which the management Society is transparent in its ESG content
Process es : is the rating of the intensity with which the management Society is qualified in its ESG processes
Portfolio : is the assessment of the ESG quality of the Portfolio underlying funds analysed. It measures the result of the ESG policy implemented by the fund in relation to the overall market. The values of Portfolio 4 and 5 are above the market.

Financial legend of the tables :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to consult the fund's simplified fact sheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance". It is a proprietary measure of MCSR that allows a summary evaluation of the funds considering the quality of the sustainable investment process, continuity and measurement of performance and risk parameters over the last 3 years. The maximum value is 5 points for funds that combine financial and ESG excellence.
Performance: Measures the continuity of the fund's performance (expressed in euros) over three different time periods on a scale of 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of the risk assumed by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale goes from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the last 6 months / 12 months / 36 months
Classification: the market in which the fund invests or the management objective.
Instrument: Indicates whether the financial instrument is a fund, an ETF or a fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components or whether the manager is free to vary the size and risk
Theme: When a fund is "thematic", it means that it specialises in managing a specific investment area.

We take great care when handling data and fund analysis. However, our suppliers may provide us with incorrect data: always check the information you find on Positive Finance and notify us if you find an error, we will correct it as soon as possible.

This isnot a financial advisory site ; our goal is to help you evolve as a Positive Investor and become more aware and competent. Before investing, always check with your adviser or bank that your choices are appropriate and will not harm you.

Never trust the performance shown by funds, they always refer to the past. We use statistical methods to measure returns by estimating with objective methodologies the continuity and robustness of the performance and risks that funds and etfs have achieved. We do not forecast the future of markets or funds.

Our analyses of managers'sustainability policies (referred to in the tables as MCSR Intensity) are done with care, method and passion but cover only a few thousand funds.

We prefer to invest in Article 9 funds because they are the ones where the managers take the greatest responsibility for doing things well and should be the least risky. Remember that a Positive Investor will always find an official indication in the SFDR chapter indicating, under Article 8, whether the company considers sustainability and performance together or, under Article 9, whether it gives priority to the sustainability of the companies in which it invests.

In summary, avoid DIY (unless you want to study finance seriously) and trading (it is a business for professionals), rely on a good advisor. Remember that you are paying him to look after your interests even when you feel you are not paying him.

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