Mirova Global Green Bond Fund (MGGYX)
The fund normally invests at least 80% of its net assets (plus any borrowings made for investment purposes) in "green bonds." "Green bonds" are bonds and notes all of the proceeds of which are used to finance projects which the Adviser believes will have a positive environmental impact. The fund normally will invest at least 40% of its assets in securities of issuers located outside the U.S. and the fund may invest up to 20% of its assets in securities of issuers located in emerging markets.
Fund Info
| ISIN | US63872R4911 |
|---|---|
| CUSIP | 63872R491 |
| Issuer | Natixis Funds |
| Inception Date | Feb 27, 2017 |
| Category | Global Bonds |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
MGGYX has a high expense ratio of 0.65%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Mirova Global Green Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Mirova Global Green Bond Fund had a return of -1.29% year-to-date (YTD) and 3.69% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.29% | 7.50% |
| 1 month | -0.35% | -1.61% |
| 6 months | 4.83% | 17.65% |
| 1 year | 3.69% | 26.26% |
| 5 years (annualized) | -0.62% | 11.73% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.82% | -0.71% | 1.19% | -1.65% | ||||||||
| 2023 | 0.12% | 3.45% | 3.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGGYX is 22, indicating that it is in the bottom 22% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Mirova Global Green Bond Fund(MGGYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Mirova Global Green Bond Fund (MGGYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Mirova Global Green Bond Fund granted a 2.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.19 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.48 | $0.33 | $0.21 | $0.26 | $0.34 | $0.20 |
Dividend yield | 2.25% | 2.22% | 5.93% | 3.27% | 1.91% | 2.50% | 3.46% | 1.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Mirova Global Green Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.22 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.18 |
| 2017 | $0.05 | $0.00 | $0.00 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Mirova Global Green Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Mirova Global Green Bond Fund was 23.11%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Mirova Global Green Bond Fund drawdown is 14.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.11% | Dec 14, 2020 | 468 | Oct 21, 2022 | — | — | — |
| -8.4% | Mar 9, 2020 | 9 | Mar 19, 2020 | 86 | Jul 22, 2020 | 95 |
| -2.54% | Aug 29, 2019 | 52 | Nov 11, 2019 | 55 | Jan 31, 2020 | 107 |
| -2.13% | Dec 8, 2017 | 47 | Feb 15, 2018 | 125 | Aug 15, 2018 | 172 |
| -1.7% | Mar 1, 2017 | 8 | Mar 10, 2017 | 23 | Apr 12, 2017 | 31 |
Volatility
Volatility Chart
The current Mirova Global Green Bond Fund volatility is 1.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.