klimaVest An innovative physical asset investment for investors with foresight
The most important facts at a glance
€ 10,000
minimum investment amount
4.2 % performance
(31/03/23 - 31/03/24)²
5 years +
investment horizont
0.66 %
total expense ratio (past fiscal year)³
4 %
current initial charge
€ 100,000
liquid assets required
ISIN: LU2183939003, WKN: KLV100. Further information can be found under Facts and figures and under Downloads.
The strengths of klimaVest
Future-proof asset class
Growing fund portfolio with 43 photovoltaic and wind farms currently – now also accessible to private investors
Europe-wide diversification
Geographical distribution across 5 countries and 41 locations, selected according to political, economic and meteorological stability
Stability largely stock market-independent
For greater diversification without stock market fluctuations, with little correlation to other asset classes
Attractive, predictable returns
Annual target return of 3.5 – 4.5%², including via electricity sales with long-term purchase agreements
Redemption of shares on any trading day
No notice period or minimum holding period for redemptions up to 500,000 euros⁵
Direct impact
Transparent, measurable contribution to the energy transition and climate change mitigation
The principle
With klimaVest, you can combine your investment with measurable CO2 savings:
In addition to liquid assets, the fund invests exclusively in assets and companies in the infrastructure segment. It is based on a broad portfolio of physical assets for sustainable energy generation, such as photovoltaic power plants or wind farms (onshore/offshore). The electricity generated is ultimately sold to companies with strong credit ratings on the electricity market, via government-regulated remuneration systems or by means of power purchase agreements⁶. Thanks to fixed purchase agreements, the fund benefits from stable and predictable cash flows over many years. The fund offers investors attractive risk-adjusted earnings opportunities². According to this principle, with klimaVest, the full effect of its capital is realised in the real economy and promotes the expansion of renewable energies. In this way, the fund takes advantage of the investment opportunities of a future-proof market segment and at the same time makes measurable contributions as part of an environmentally-friendly energy transition.
Invest in klimaVest digitally or with a personal advise
Decide which route suits you best.
Please note: Our digital subscription process to invest is recently only available in german language.
Direct and digital?
Or personal advice from your financial institution?
Ask one of our sales partners for a personal advise on klimaVest and buy klimaVest through your custody account with them. With a personal advise, you can currently purchase klimaVest from Commerzbank, BW-Bank / LBBW as well as selected Sparkasse branches, Volksbank branches and Raiffeisenbank branches.
The most important questions about klimaVest
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 private investors, as well as future-oriented growth markets that offer attractive return opportunities while strengthening the real economy.
In particular, the protection of investors plays a major role in the statutory ELTIF regulation. This should be ensured with the help of product transparency and appropriate investment information. ELTIFs are obliged to operate in accordance with clear legal framework conditions. In order to acquire klimaVest units and book them into a custody account, investors must participate in a prior investment consultation.
What are the potential returns of klimaVest?
klimaVest has a diversified portfolio of physical assets. As a result, the fund is largely independent of the stock market and has predictable cash flows thanks to constant income and long-term purchase agreements. The target return is 3.5 – 4.5% p.a².
What are the risks of the fund?
As wind farms and photovoltaic systems depend on certain weather conditions, certain losses can occur if they are not used for a longer period of time. Furthermore, the value of the assets may fluctuate and there may be no distributions due to lack of liquidity.
You can find an overview of the opportunities and risks here.
How are the costs broken down?
The total expense ratio³ consists of fund management costs (max. 1.8% p.a.) and custody fees (max. 0.025% p.a.). When you buy your klimaVest units, a one-off initial charge of max. 5% will also be charged.⁴
Are there notice and minimum holding periods?
For amounts up to 500,000 euros, no notice or minimum holding periods apply. Investors can redeem their units on any trading day. For redemptions in excess of 500,000 euros, a notice period of 12 months applies.⁵
Who can invest in klimaVest?
The units of the fund are distributed to professional investors, semi-professional investors and retail investors as defined by Section 1(19) Nos. 31, 32 and 33 of the German Investment Code (KAGB), which meet the requirements of a qualified investor.
This makes klimaVest one of the first ELTIFs for private investors. An investment consultation (adequacy and suitability assessment) and a minimum investment amount of 10,000 euros, which may not amount to more than 10% of the investable private assets, are required to invest.
How can you invest in klimaVest?
The fully digital klimaVest subscription path is available online for the investment process, including investment advice. Alternatively, you can also invest in klimaVest at your regular bank or with numerous sales partners after a personal investment consultation.
¹ The management company of klimaVest is Commerz Real Fund Management S.à r.l.
² Calculated using the BVI method (excluding initial charge; distributions reinvested immediately). Past performance and target return statements are not indicative of future returns.
³ Transaction, financing, maintenance, management and administrative costs of associated companies are not taken into account. If fund management fees have been incurred for the investments held, these are taken into account in full when calculating the total expense ratio. This ratio refers to the average net fund assets according to the information memorandum.
⁴ The initial charge for the purchase of klimaVest via the digital subscription path is currently 4%. The regular initial charge can be between 0 and 5% and varies depending on the sales partner.
⁵ No notice period or minimum holding period for redemptions up to 500,000 euros; 12-month notice period for redemptions > 500,000 euros p. a.; redemptions may be restricted due to insufficient liquidity; total redemption amount at each redemption date limited to 50% of the fund’s liquidity portfolio.
⁶ Power Purchase Agreements (PPAs) are contracts between a buyer and a producer of renewable energy. As a result, customers purchase electricity at a price agreed in advance.
⁷ The transfer of benefits and burdens for the five Swedish photovoltaic project developments of Helios Nordic Energy has not yet taken place.