klimaVest¹ impact fund Innovation meets unlimited resources.
Key facts on klimaVest
28/10/2020
Fund launch
1,3 Mrd.
Fund volume
> 10.000
Investors
43
Wind and solar farms as well as project developments in the fund portfolio
3,5 bis 4,5 % p.a.
Target returns³
10.000
Euro minimum investment amount
FAQs on klimaVest
How does klimaVest work?
klimaVest uses the investment opportunities of a promising market segment and at the same time makes measurable⁴ contributions on the way to an environmentally-friendly energy transition.
In addition to its liquidity portfolio, the fund invests exclusively in assets and companies in the infrastructure segment. It is based on a broad portfolio of tangible assets for sustainable energy generation, such as photovoltaic power plants or wind farms (onshore/offshore). The electricity generated is sold to companies with high credit ratings via the electricity market, government-regulated remuneration systems and power purchase agreements.
Thanks to fixed purchase agreements, klimaVest benefits from stable and predictable cash flows over many years. The fund management aims to achieve a return of 3,5 bis 4,5 % p.a. for its investors for the calendar year.³
Find out more about the klimaVest fund and how it works online at www.klimavest.de
In addition to its liquidity portfolio, the fund invests exclusively in assets and companies in the infrastructure segment. It is based on a broad portfolio of tangible assets for sustainable energy generation, such as photovoltaic power plants or wind farms (onshore/offshore). The electricity generated is sold to companies with high credit ratings via the electricity market, government-regulated remuneration systems and power purchase agreements.
Thanks to fixed purchase agreements, klimaVest benefits from stable and predictable cash flows over many years. The fund management aims to achieve a return of 3,5 bis 4,5 % p.a. for its investors for the calendar year.³
Find out more about the klimaVest fund and how it works online at www.klimavest.de
How does klimaVest fit into Commerz Real’s product portfolio?
For over 52 years, we have been the Commerz Real Experts for tangible asset investments. We can make targeted use of our experience with institutional investments – including in the areas of infrastructure and renewable energies – when managing the klimaVest impact fund.
Alongside the open-ended real estate fund hausInvest, klimaVest is the second investment product from Commerz Real that is explicitly aimed at retail investors. hausInvest is one of Germany’s largest open-ended real estate funds – with positive year-on-year growth since its launch in 1972.²
In addition to klimaVest, there are other funds under the umbrella of Commerz Real, such as the Commerz Real Institutional Infrastructure Fund I, which is invested in one of the largest offshore wind farms in the North Sea. Find out more about our institutional products here.
Alongside the open-ended real estate fund hausInvest, klimaVest is the second investment product from Commerz Real that is explicitly aimed at retail investors. hausInvest is one of Germany’s largest open-ended real estate funds – with positive year-on-year growth since its launch in 1972.²
In addition to klimaVest, there are other funds under the umbrella of Commerz Real, such as the Commerz Real Institutional Infrastructure Fund I, which is invested in one of the largest offshore wind farms in the North Sea. Find out more about our institutional products here.
What is an ELTIF?
ELTIFs (European Long-Term Investment Funds) are innovative financial instruments for long-term investments in infrastructure projects. ELTIFs open up new asset classes for retail investors as well as future-proof growth markets.
Unlike ETFs or equity funds, ELTIFs also operate independently of the stock market. This gives investors the opportunity to invest directly in concrete infrastructure projects, for example in the expansion of renewable energies.
Unlike ETFs or equity funds, ELTIFs also operate independently of the stock market. This gives investors the opportunity to invest directly in concrete infrastructure projects, for example in the expansion of renewable energies.
What contribution does an investment in klimaVest make to the energy transition?
klimaVest’s portfolio currently consists of 35 solar parks and wind farms for generating renewable energy. The fund thus actively promotes the expansion of sustainable power generation.
With the increasing expansion and the legally regulated feed-in priority, conventional electricity from fossil fuels, which is often associated with high CO₂ emissions, can be constantly pushed back. klimaVest thus makes an active contribution to the sustainable transformation of the European energy industry and thus also to climate change mitigation.
In addition to the expansion of renewable energies, klimaVest also pursues specific sustainability goals, such as the active saving of CO₂: The avoided emissions³ are calculated using the Clean Development Mechanism (CDM) and communicated transparently. As the production of renewable electricity also produces greenhouse gases, these emissions are added.
With the increasing expansion and the legally regulated feed-in priority, conventional electricity from fossil fuels, which is often associated with high CO₂ emissions, can be constantly pushed back. klimaVest thus makes an active contribution to the sustainable transformation of the European energy industry and thus also to climate change mitigation.
In addition to the expansion of renewable energies, klimaVest also pursues specific sustainability goals, such as the active saving of CO₂: The avoided emissions³ are calculated using the Clean Development Mechanism (CDM) and communicated transparently. As the production of renewable electricity also produces greenhouse gases, these emissions are added.
What criteria does klimaVest use to select its assets?
klimaVest bases its asset evaluations on three dimensions, which determine the suitability of the respective asset in the sense of the RSF framework. On the one hand, this involves the profitability (Return) of the asset. In the next step, its Sustainability is assessed. This is followed by Formal criteria that the asset must meet in order to be included in the klimaVest portfolio.
The RSF procedure identifies assets that both contribute to an attractive risk-adjusted return² and demonstrably contribute to achieving the defined sustainability goals without violating formal criteria.
The RSF procedure identifies assets that both contribute to an attractive risk-adjusted return² and demonstrably contribute to achieving the defined sustainability goals without violating formal criteria.
What are the potential returns of klimaVest?
klimaVest has a diversified portfolio of physical assets. This means that the fund is largely independent of the stock market, has stability and predictable cash flows thanks to constant income and long-term purchase agreements with a term of 5 to 15 years (known as power purchase agreements). The fund management aims to achieve a return of 3,5 bis 4,5 % p.a.³ for calendar year 2024.
How can you invest in klimaVest?
With the klimaVest subscription path, you can purchase an investment product that requires advice completely digitally for the first time. The digital investment process including investment advice can be found at www.klimavest.de.
Alternatively, you can also invest in klimaVest through numerous distribution partners.
Alternatively, you can also invest in klimaVest through numerous distribution partners.
¹ The management company is Commerz Real Fund Management S.à r.l.
² Calculated using the BVI method (excluding initial charge, dividend reinvested immediately). Past performance does not indicate future returns.
³ Statements on the target return do not indicate future returns.
⁴ Statements on “avoidance” or “measurability” of CO₂ emissions or similar statements regarding CO₂ and/or CO₂e (meaning the CO₂ equivalent, which takes into account other greenhouse gases such as methane (CH₄), nitrous oxide (N₂O) or fluorocarbons (HFCs) in addition to the greenhouse gas carbon dioxide (CO₂). For better readability, however, the term CO₂ is used here) must always be read and understood in connection with the methodology explained at https://klimavest.de/messbar/. Measurable contribution means that klimaVest promotes electricity generation from renewable energies and thereby avoids CO₂ emissions that would have arisen in the generation of electricity from fossil energy sources. CO₂ avoidance is calculated on the basis of country-specific avoidance factors of the Technical Working Group of International Financial Institutions (IFI) based on the Combined Margin Approach of the United Nations Framework Convention on Climate Change (UNFCCC), taking into account sector-specific upstream CO₂ emission factors of the Federal Environment Agency. Avoidance factors will decrease in the future due to the expected increasing share of renewable electricity in the electricity mix. Statements on achieved or planned CO₂ avoidance are not a reliable indicator of actual future CO₂ avoidance. Objectives can be exceeded or fallen short of.
² Calculated using the BVI method (excluding initial charge, dividend reinvested immediately). Past performance does not indicate future returns.
³ Statements on the target return do not indicate future returns.
⁴ Statements on “avoidance” or “measurability” of CO₂ emissions or similar statements regarding CO₂ and/or CO₂e (meaning the CO₂ equivalent, which takes into account other greenhouse gases such as methane (CH₄), nitrous oxide (N₂O) or fluorocarbons (HFCs) in addition to the greenhouse gas carbon dioxide (CO₂). For better readability, however, the term CO₂ is used here) must always be read and understood in connection with the methodology explained at https://klimavest.de/messbar/. Measurable contribution means that klimaVest promotes electricity generation from renewable energies and thereby avoids CO₂ emissions that would have arisen in the generation of electricity from fossil energy sources. CO₂ avoidance is calculated on the basis of country-specific avoidance factors of the Technical Working Group of International Financial Institutions (IFI) based on the Combined Margin Approach of the United Nations Framework Convention on Climate Change (UNFCCC), taking into account sector-specific upstream CO₂ emission factors of the Federal Environment Agency. Avoidance factors will decrease in the future due to the expected increasing share of renewable electricity in the electricity mix. Statements on achieved or planned CO₂ avoidance are not a reliable indicator of actual future CO₂ avoidance. Objectives can be exceeded or fallen short of.
Opportunities and risks of klimaVest
| The opportunities provided by klimaVest |
The risks of klimaVest |
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This is a marketing advertisement. Please read the klimaVest Information Memorandum and the Key Information Document before making an investment decision. You can obtain these and other documents (e.g. the current annual and half-yearly report) free of charge in German in written or file form from your adviser or directly from Commerz Real Fund Management S.à r.l. You can also download the documents from https://www.klimavest.de/downloads/. For more information on sustainability-related aspects (according to the Disclosure Regulation), please visit https://crfm.commerzreal.com/. For a summary of your investor rights online in German, please go to https://www.klimavest.de/anlegerrechte/. Commerz Real Fund Management S.à r.l. has the right to revoke the cross-border distribution of klimaVest at any time. This brochure is for information purposes only and does not constitute an individual investment recommendation or an offer to buy or sell securities or other financial instruments.