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Guinness Global Innovators Fund

The Guinness Global Innovators strategy provides exposure to global equities through a portfolio of companies that we believe can create value through original thinking.

Overview

The Guinness Global Innovators strategy provides exposure to global equities through a portfolio of companies that we believe can create value through original thinking.

We believe that innovative companies in any industry can maintain competitive strengths that translate into long-term outperformance.

Innovation can enhance a company’s products, services or business model. It can be dramatic, where companies create new markets or disrupt incumbents, or more subtle, where it engenders small but important advances that create a sustainable competitive advantage. Innovative companies can experience faster profit growth and higher profit margins, while their secular growth opportunities mean they can be less susceptible to the economic cycle.

The benefits can also accrue to the consumer; better processes, better products and better services mean an enhanced consumer experience, creating loyal customers which drive profit growth.

Innovation is more than just leading technology, or the preserve of early-stage companies – it exists in all sectors and in companies young and mature. As investors, we believe innovation offers a superior way to identify the growth stocks that can sustain high returns on capital for longer.

Investment Team

High quality funds are run by high quality people.

We pride ourselves of having a collegial culture, with teams across the business successfully working together to achieve positive outcomes for our investors.

Dr Ian Mortimer

Dr Ian Mortimer

Portfolio Manager, Global Team

Matt Page

Matthew Page

Portfolio Manager, Global Team

Sagar Thanki

Sagar Thanki

Investment Analyst, Global Team

Joe Stephens

Joseph Stephens

Investment Analyst, Global Team

William Van Der Weyden

William van der Weyden

Investment Analyst, Global Team

DREW Jack

Jack Drew

Investment Analyst, Global Team

Awards & Ratings

We have a firm commitment to delivering the very best. That commitment is reflected in the awards we have received, some of which are shown below.

 

 

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Elite Rated

Guinness Global Innovators Fund

Elite Rated Fund
FundCalibre

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Guinness Global Innovators Fund

A-Rated Fund (Germany)
Scope

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Guinness Global Innovators Fund

A-Rated Fund (Austria)
Scope

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Guinness Global Innovators Fund

A-Rated Fund (Switzerland)
Scope

How to Invest

We’ve tried to make investing in our Funds as simple as possible. All of our funds are available to invest directly via an application form, we also have good availability across a number of investment supermarkets whilst being eligible for ISAs & SIPPs.

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FINDING COMPANIES WITH AN INNOVATIVE ADVANTAGE


FUN FACT
 

Q: How many species of woodpecker are there globally?
A: There are around 200 species of Woodpeckers in the world.

Investment Case

The investment process begins by identifying innovative companies. We assess all sectors to identify themes that are driving growth, disrupting incumbent business models or technology, or significantly improving current products or services. We also utilise third party research to further broaden our understanding and identify around 10 themes which are updated annually. We then identify companies with exposure to these secular growth themes and a market capitalisation greater than $1bn.

Not every innovative company is a good investment, and we screen for (i) return on capital greater than cost of capital last year (ii) debt/equity < 150%, and (iii) positive earnings growth expected next year. Recognising that hype can surround innovative companies, we maintain a value discipline as we generate ideas using further screening. We then subject stock ideas to a thorough due diligence process and assemble an equally weighted portfolio of 30 positions.
 

Why Invest in the Guinness Global Innovators Fund?

The Fund is designed to provide investors with exposure to global equities through a high conviction, low turnover portfolio of companies that we believe can create value through original thinking.
 

We believe innovative companies outperform

Top line growth can come about by shorter time to market, increased sales or successful product launches. Bottom line improvements can come from reduced development or production costs. Innovative companies should achieve a higher return on capital than their peers and therefore outperform the index over a cycle.
 

High conviction

The Fund typically invests in just 30 companies, with each company having an equal weighting. This provides a good balance between the benefits of diversification while also allowing each company to add meaningfully to performance. We don’t have a long tail of small positions and by definition we can never just ‘hug’ the benchmark index.
 

Fundamentally driven

We focus on ‘bottom-up’ stock selection rather than trying to make decisions based on an expected outlook for the world economy. We like to invest in innovative companies that have the ability to earn above average return on capital. Sentiment and hype can often drive up valuations of some innovative companies; we maintain a strict value discipline to make sure we don’t overpay for future growth.
 

Low turnover

We prefer to invest over the long term. We also recognise the increased costs of trading in and out of companies unnecessarily. Typically we will hold a company in the portfolio for between 3 and 4 years.
 

Repeatable and independent

Ian Mortimer and Matthew Page have managed funds in accordance with this investment process since 2010, and the strategy has been applied since 2003. The process is clear, robust, transparent and scalable. It filters out much of the noise and hype that surrounds companies to focus on the true signals that drive company valuations. By performing their own company research and analysis, using their own proprietary modelling systems, the managers try to avoid some of the behavioural biases associated with being unduly influenced by market sentiment.
 

How do we run the Fund?


 

Identifying innovative companies

The investment process begins by identifying innovative companies. We assess all sectors to identify trends and themes that are driving growth, disrupting incumbent business models or technology, or significantly improving current products or services. We utilise third party research and analysis to further broaden our understanding of the secular growth trends in the market. Typically, we identify 10-15 themes at any one time and update them annually. We then identify companies with exposure to these secular growth themes which have a market capitalisation greater than $0.5bn.
 

Quality Screen

With the initial universe of innovative companies created we then employ a quality screen to select only those businesses that are “good companies”. We only want to invest in profitable companies, with strong balance sheets, that have good growth prospects and emphasise that our process is intended to find not just innovative companies, but good quality innovative companies. The simple quality criteria screened for are (i) return on capital greater than cost of capital last year (ii) debt/equity < 150%, and (iii) positive earnings growth expected next year. The companies left after the quality screen make up the investible investment universe for the fund and typically have better than average financial metrics showing faster profit growth, larger profit margins, and less susceptibility to cyclical pressures.
 

Further research and stock selection

From this universe of good quality, innovative companies, we then seek to identify which of them are undervalued. We screen all these innovative companies to identify which are the most attractive in terms of valuation, return on investment, earnings sentiment, and price momentum. By ranking companies using these four criteria, we can sift through the data to prioritise candidates for extended due diligence, testing and research. Having identified candidates for further due diligence, we subject all potential investments to detailed fundamental analysis. Above all, we want to understand what competitive advantages or barriers to entry are sustaining a company’s return on investment to determine whether the returns will persist. We also recognise that sentiment and hype can sometimes drive up the valuations of innovative companies and so we try to maintain a strict value discipline. We want to avoid paying up for high levels of expected growth in the future as we know, on average, very high growth expectations are often not met, and this can have a detrimental effect on a company’s valuation. We therefore look for companies offering good value relative to their sector, to their historic valuations, or in absolute terms.
 

Sell discipline

It is often easier to find companies to buy that look cheap than it is to identify those companies you own which should be sold. We consider sell discipline as important as selecting companies for purchase and continuously monitor the companies we hold in the Fund. The six core reasons we may sell a company are outlined below.

  1. The company no longer qualifies as innovative
  2. Their balance sheet becomes stretched
  3. The valuation becomes too rich, or no longer offers compelling upside
  4. There is a change in a company’s capital budgeting approach
  5. Our original investment thesis no longer holds
  6. We find a more compelling investment idea

How do we construct the portfolio?

The Guinness Global Innovators Fund is a concentrated portfolio of around 30 equally weighted stocks. This provides a number of useful attributes:

  1. It reduces stock-specific risk, as we will not be overweight in a small number of favourite companies.
  2. We will not have a long tail of small holdings in the portfolio, which can be a distraction and a potential drag on performance.
  3. It instils a strong sell discipline as we must typically sell a position in order to make way for a new one; and we must constantly assess the companies we own in the portfolio in comparison to the rest of the universe available to us.
  4. We are truly index independent. All companies held are weighted equally without regard to their weighting in the benchmark index, so our portfolio has a high active weight.

Factsheets

 

 

Fund English French German Spanish Italian
Guinness Global Innovators Fund Download Download Download Download Download

Updates

 

 

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November 2022
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October 2015
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April 2015
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January 2020
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January 2019
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KIIDS

 

 

Fund Class ISIN English French German Spanish Italian Swedish Finnish
Guinness Global Innovators Fund C EUR Acc IE00BQXX3D17
Guinness Global Innovators Fund C GBP Acc IE00BQXX3C00
Guinness Global Innovators Fund C USD Acc IE00BQXX3F31
Guinness Global Innovators Fund I USD Acc IE00BMYPNG19
Guinness Global Innovators Fund Y EUR Acc IE00BQXX3L90
Guinness Global Innovators Fund Y GBP Acc IE00BQXX3K83
Guinness Global Innovators Fund Y USD Acc IE00BQXX3M08
Guinness Global Innovators Fund Z EUR Acc IE00BQXX3P39
Guinness Global Innovators Fund Z GBP Acc IE00BQXX3N15
Guinness Global Innovators Fund Z USD Acc IE00BQXX3Q46

Documents

 

 

Document

Global Innovators Fund - Sustainability-Related Disclosures

Guinness Global Innovators Fund – Exclusion Policy

Our Approach to Remuneration - Guinness Global Equities

Fund Supplement

Long-only Application Form

Funds - Prospectus

Fund Facts

For information on the Fund’s current investments, please see the latest fact sheet available on the literature tab above.
 

Launch Date
Fund managers (start date)
Ian Mortimer (31/10/2014)
Matthew Page (31/10/2014)
Benchmark
MSCI World Index
IA sector
IA Global
Structure
OEIC (UCITS)
Domicile
Ireland
Underlying currency
US Dollar
Pricing
Daily, forwards
Valuation
2300 Dublin time
Deal cut off time
1500 Dublin time
Administrator
Link Fund Administrators (Ireland) Ltd
Custodian
Brown Brothers Harriman
UK Reporting Fund status
Yes
ISA Eligible
Yes

Share Classes

For full information on the share classes available for investment please refer to the Key Investor Information document.

 

Share Prices

The Funds are priced every working day at 23.00 Dublin time and updated here the following day.

 

Fund name Isin Fund price (+/-) Date
GUINNESS GLOBAL EQUITY INCOME FUND D USD DISTRIBUTION IE00B3QG6N78 18.923 0.0324 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD DISTRIBUTION IE00B42XCP33 17.8532 0.0303 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP DISTRIBUTION IE00B3PB1722 23.044 -0.1029 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR DISTRIBUTION IE00B66B5L40 24.4456 -0.0405 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Z GBP DISTRIBUTION IE00B754QH41 26.81 -0.1189 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQF631 23.5984 -0.0394 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNV92 21.4126 -0.0956 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNW00 17.3947 0.0295 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR ACCUMULATION IE00BVYPNZ31 19.1131 -0.0314 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BVYPP024 15.5794 -0.0256 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP ACCUMULATION IE00BVYPNY24 23.1273 -0.1027 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BVYPP131 18.8895 -0.0839 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD ACCUMULATION IE00BVYPNX17 18.7891 0.0324 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND Y USD DISTRIBUTION IE00BVYPP248 15.302 0.0264 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND C EUR DISTRIBUTION IE00BDGV0183 14.9802 -0.025 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND D EUR ACCUMULATION IE00BDGV0290 17.8568 -0.0296 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD DISTRIBUTION IE00BGK8P991 13.6903 0.0236 24/11/2022
GUINNESS GLOBAL EQUITY INCOME FUND I USD ACCUMULATION IE00BJBK7883 12.7222 0.0219 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C USD ACCUMULATION IE00B3QW5Z07 20.8537 -0.0046 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C GBP ACCUMULATION IE00B64PRP62 26.9875 -0.1726 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y EUR ACCUMULATION IE00B68GW162 29.0018 -0.1032 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y USD ACCUMULATION IE00B3NSFR34 23.0752 -0.0043 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND Y GBP ACCUMULATION IE00B7MJHM43 32.3048 -0.2055 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND C EUR ACCUMULATION IE00BGHQF748 17.645 -0.0634 24/11/2022
GUINNESS GLOBAL MONEY MANAGERS FUND I USD ACCUMULATION IE00BMYPMW02 11.5395 -0.0021 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDW50 16.5105 0.1233 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BGHQF300 14.8657 0.0705 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNS63 16.3623 0.0769 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNT70 13.3154 0.1439 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYVHVZ98 12.2859 0.0581 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYVHWJ06 10.6517 0.0503 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYVHW019 12.7412 0.0955 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYVHW126 11.0365 0.0828 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD ACCUMULATION IE00BYVHW233 10.8164 0.1172 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYVHW340 9.3398 0.1012 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN382 10.2409 0.1111 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN499 9.6793 0.105 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C EUR DISTRIBUTION IE000AHX6WT2 8.9633 0.0669 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C GBP DISTRIBUTION IE000N9K9CQ4 9.0499 0.0425 24/11/2022
GUINNESS EUROPEAN EQUITY INCOME FUND C USD DISTRIBUTION IE000RAMYLN7 7.8684 0.0851 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C EUR ACCUMULATION IE00BGHQDM52 18.3909 0.1989 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION IE00BGHQDV44 15.1239 0.1223 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C GBP ACCUMULATION IE00BVYPNP33 15.4978 0.1248 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND C USD ACCUMULATION IE00BVYPNQ40 12.5879 0.1781 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION IE00BDHSRG22 12.0143 0.1303 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION IE00BDHSRH39 9.8508 0.1069 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION IE00BDHSRD90 12.1947 0.0986 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION IE00BDHSRF15 10.0173 0.081 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION IE00BDHSRJ52 11.4468 0.1622 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION IE00BDHSRK67 9.3774 0.1329 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPN051 9.1004 0.129 24/11/2022
GUINNESS ASIAN EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPN168 8.5877 0.1217 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C GBP ACCUMULATION IE00BQXX3C00 22.9978 -0.1205 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C EUR ACCUMULATION IE00BQXX3D17 21.0043 -0.0512 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND C USD ACCUMULATION IE00BQXX3F31 17.4516 0.0163 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y GBP ACCUMULATION IE00BQXX3K83 24.9686 -0.1301 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y EUR ACCUMULATION IE00BQXX3L90 22.7796 -0.0549 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Y USD ACCUMULATION IE00BQXX3M08 18.9984 0.0183 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z GBP ACCUMULATION IE00BQXX3N15 25.4271 -0.1324 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z EUR ACCUMULATION IE00BQXX3P39 23.2133 -0.0559 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND Z USD ACCUMULATION IE00BQXX3Q46 19.2945 0.0186 24/11/2022
GUINNESS GLOBAL INNOVATORS FUND I USD ACCUMULATION IE00BMYPNG19 9.1421 0.0088 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C EUR ACCUMULATION IE00BZ08YS42 12.6891 0.0482 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C GBP ACCUMULATION IE00BZ08YR35 15.0038 0.0154 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS C USD ACCUMULATION IE00BZ08YT58 12.1122 0.0867 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y EUR ACCUMULATION IE00BZ08YW87 13.4736 0.0516 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y GBP ACCUMULATION IE00BZ08YV70 15.9145 0.0167 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Y USD ACCUMULATION IE00BZ08YX94 12.8164 0.0921 24/11/2022
GUINNESS BEST OF CHINA FUND CLASS Z GBP ACCUMULATION IE00BZ08YY02 16.4077 0.0174 24/11/2022
GUINNESS BEST OF CHINA FUND I USD ACCUMULATION IE00BMYPNC70 7.709 0.0553 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD ACCUMULATION IE00BYV24P56 12.192 0.1576 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP ACCUMULATION IE00BYV24Q63 13.0309 0.0894 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP DISTRIBUTION IE00BYV24R70 10.8818 0.0746 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR ACCUMULATION IE00BYV24S87 12.9594 0.1247 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR DISTRIBUTION IE00BYV24T94 10.8092 0.104 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD ACCUMULATION IE00BYV24V17 12.9076 0.1672 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD DISTRIBUTION IE00BYV24W24 10.7548 0.1394 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND Z GBP DISTRIBUTION IE00BYV24X31 11.1995 0.077 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR ACCUMULATION IE00BMCWC346 10.2155 0.098 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP ACCUMULATION IE00BMCWC239 9.6562 0.066 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD ACCUMULATION IE00BMYPND87 8.9311 0.1158 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD DISTRIBUTION IE00BMYPNF02 8.4248 0.1092 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR DISTRIBUTION IE0009746VI0 8.9536 0.086 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP DISTRIBUTION IE000UPHOYQ6 9.0339 0.0616 24/11/2022
GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD DISTRIBUTION IE000XFJTUO9 7.8602 0.1016 24/11/2022
GUINNESS BEST OF ASIA FUND C GBP ACCUMULATION IE00BF2VFX37 9.8458 -0.008 24/11/2022
GUINNESS BEST OF ASIA FUND Y GBP ACCUMULATION IE00BF2VFY44 10.3499 -0.0079 24/11/2022
GUINNESS BEST OF ASIA FUND Y EUR ACCUMULATION IE00BF2VFZ50 10.7146 0.0216 24/11/2022
GUINNESS BEST OF ASIA FUND Y USD ACCUMULATION IE00BF2VG076 9.3514 0.0503 24/11/2022
GUINNESS BEST OF ASIA FUND Z GBP ACCUMULATION IE00BF2VG183 10.4886 -0.0079 24/11/2022
GUINNESS BEST OF ASIA FUND I USD ACCUMULATION IE00BMYPN275 8.115 0.0437 24/11/2022
GUINNESS BEST OF ASIA FUND C EUR ACCUMULATION IE000IYIWG07 8.195 0.0164 24/11/2022
GUINNESS BEST OF ASIA FUND C USD ACCUMULATION IE0004NN3YY8 7.2084 0.0386 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C GBP ACCUMULATION IE00BG5QQP10 12.6099 -0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR ACCUMULATION IE00BG5QQQ27 13.2555 0.0176 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C EUR HEDGED ACCUMULATION IE00BG5QQR34 10.9995 -0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD ACCUMULATION IE00BG5QQS41 12.0686 0.0564 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND C USD HEDGED ACCUMULATION IE00BG5QRJ25 11.5893 -0.0172 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O GBP ACCUMULATION IE00BG5QRK30 13.0343 -0.0188 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR ACCUMULATION IE00BG5QRL47 13.7073 0.0185 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O EUR HEDGED ACCUMULATION IE00BG5QRM53 11.3354 -0.0187 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD ACCUMULATION IE00BG5QRN60 12.4753 0.0587 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND O USD HEDGED ACCUMULATION IE00BG5QRP84 11.8952 -0.0174 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R GBP ACCUMULATION IE00BG5QRQ91 12.5128 -0.0184 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR ACCUMULATION IE00BG5QRR09 13.1569 0.0175 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R EUR HEDGED ACCUMULATION IE00BG5QRS16 10.9169 -0.0184 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD ACCUMULATION IE00BG5QRT23 11.9663 0.0559 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND R USD HEDGED ACCUMULATION IE00BG5QRV45 11.515 -0.0173 24/11/2022
GUINNESS MULTI-ASSET GROWTH FUND Y GBP ACCUMULATION IE00BG5QRW51 13.2045 -0.019 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C GBP ACCUMULATION IE00BG5QQV79 12.0999 -0.02 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR ACCUMULATION IE00BG5QQW86 12.7198 0.0146 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C EUR HEDGED ACCUMULATION IE00BG5QQX93 10.6676 -0.019 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD ACCUMULATION IE00BG5QQY01 11.5804 0.0521 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND C USD HEDGED ACCUMULATION IE00BG5QQZ18 11.2087 -0.0166 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O GBP ACCUMULATION IE00BG5QR034 12.5076 -0.0203 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR ACCUMULATION IE00BG5QR141 13.1518 0.0154 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O EUR HEDGED ACCUMULATION IE00BG5QR257 11.006 -0.0192 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD ACCUMULATION IE00BG5QR364 11.9699 0.0542 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND O USD HEDGED ACCUMULATION IE00BG5QR471 11.5588 -0.0175 24/11/2022
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GUINNESS MULTI-ASSET BALANCED FUND R EUR ACCUMULATION IE00BG5QR695 12.6237 0.0145 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R EUR HEDGED ACCUMULATION IE00BG5QR703 10.6005 -0.0189 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD ACCUMULATION IE00BG5QR810 11.4805 0.0515 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND R USD HEDGED ACCUMULATION IE00BG5QR927 11.1846 -0.0166 24/11/2022
GUINNESS MULTI-ASSET BALANCED FUND Y GBP ACCUMULATION IE00BG5QRB49 12.6663 -0.0205 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z USD ACCUMULATION IE00BN0W3529 10.2287 0.043 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z GBP ACCUMULATION IE00BN0W3305 11.296 -0.022 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z EUR ACCUMULATION IE00BN0W3412 11.9444 0.01 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I GBP ACCUMULATION IE00BN0W2X30 11.2281 -0.0219 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I EUR ACCUMULATION IE00BN0W2Y47 11.8772 0.0099 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I USD ACCUMULATION IE00BN0W2Z53 10.1715 0.0426 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y GBP ACCUMULATION IE00BN0W3073 11.2302 -0.022 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y EUR ACCUMULATION IE00BN0W3180 11.8786 0.0098 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y USD ACCUMULATION IE00BN0W3297 10.1728 0.0426 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C GBP ACCUMULATION IE00BN0W2T93 10.9958 -0.0219 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C EUR ACCUMULATION IE00BN0W2V16 11.6305 0.0092 24/11/2022
GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C USD ACCUMULATION IE00BN0W2W23 9.9627 0.0414 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND D USD ACCUMULATION IE00B2PGVJ29 5.4752 0.0474 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C USD ACCUMULATION IE00B2PGVK34 5.0805 0.044 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C GBP ACCUMULATION IE00B3CCJ633 9.6613 0.0243 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND D EUR ACCUMULATION IE00B3CCJ740 9.8354 0.0523 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND C EUR ACCUMULATION IE00BGHQF417 19.7872 0.1049 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y GBP ACCUMULATION IE00BFYV9L73 24.7994 0.0634 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y EUR ACCUMULATION IE00BFYV9M80 25.6303 0.1367 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND Y USD ACCUMULATION IE00BFYV9N97 21.443 0.186 24/11/2022
GUINNESS SUSTAINABLE ENERGY FUND I USD ACCUMULATION IE00BMYPNB63 11.3544 0.0985 24/11/2022
GUINNESS GLOBAL ENERGY FUND D USD ACCUMULATION IE00B2Q91T05 9.0647 0.0251 24/11/2022
GUINNESS GLOBAL ENERGY FUND C USD ACCUMULATION IE00B2Q91V27 8.5245 0.0235 24/11/2022
GUINNESS GLOBAL ENERGY FUND C GBP ACCUMULATION IE00B3CCJ963 12.9264 -0.0439 24/11/2022
GUINNESS GLOBAL ENERGY FUND D EUR ACCUMULATION IE00B3CCJB88 13.1575 -0.0078 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y USD ACCUMULATION IE00B3CCJC95 9.797 0.0273 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y GBP ACCUMULATION IE00B6XV0016 12.5485 -0.0423 24/11/2022
GUINNESS GLOBAL ENERGY FUND C EUR ACCUMULATION IE00BGHQF524 10.3375 -0.0062 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y USD DISTRIBUTION IE00BG6L7638 7.4776 0.0208 24/11/2022
GUINNESS GLOBAL ENERGY FUND Y EUR ACCUMULATION IE00BFMGVR44 11.894 -0.0069 24/11/2022
GUINNESS GLOBAL ENERGY FUND I USD ACCUMULATION IE00BMYPN507 19.2987 0.0538 24/11/2022
TB Guinness UK Equity Income Fund O Overseas Income GB00BYX94G55 73.99 -0.01 04/08/2022
TB Guinness UK Equity Income Fund O Overseas Accumulation GB00BYX94F49 91.23 -0.03 04/08/2022
TB Guinness UK Equity Income Fund Y Clean Income GB00BYX94J86 78.96 -0.01 04/08/2022
TB Guinness UK Equity Income Fund Y Clean Accumulation GB00BYX94H62 96.61 -0.03 04/08/2022
TB Guinness UK Equity Income Fund Z Early Investor Income GB00BYX94L09 79.61 -0.02 04/08/2022
TB Guinness UK Equity Income Fund Z Early Investor Accumulation GB00BYX94K91 97.65 -0.02 04/08/2022
TB Guinness Global Equity Income Fund Y Income GBP GB00BNGFN669 127.45 1.28 04/08/2022
TB Guinness Global Equity Income Fund Y Accumulation GBP GB00BNGFN776 133 1.35 04/08/2022
TB Guinness Asian Equity Income Fund Y Income GBP GB00BMFKG774 91.21 0.74 04/08/2022
TB Guinness Asian Equity Income Fund Y Accumulation GBP GB00BMFKG667 96.02 0.78 04/08/2022
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