klimaVestAll financial key figures at a glance

klimaVest key figures

ISIN LU2183939003

WKN KLV100

116.92 Euro¹
Price/Current Issue Price
06/12/2026
111.35 Euro²
Rate/Current Redemption Price
06/12/2026
1.6 billion euros
Fund volume
from our investors
3.6 %³
Performance 1 year
30.05.2026
%³
Performance since 2020 edition
30.05.2026
30,000
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klimaVest performance since fund launch ³

Past performance is not indicative of future returns.

gross*
net*
accumulated (gross)

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_{^{* Calculated according to the BVI method (without initial charge, distribution immediately reinvested).}}
_{^{** The net investor performance model calculation assumes an investment amount of €1,000 and a 5% initial charge accrued at purchase and deducted in the first year. The initial charge is a maximum amount that may be lower in individual cases. In addition, custodian fees may be charged for the safekeeping of units, which may reduce performance for investors.}}
_{^{Period under review: 10/28/2020 - 05/31/2026}}
_{^{Source: Commerz Real AG, as at 30.04.2026}}

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Fund data at a glance

Returns: Current 3.6 % performance p.a.³
Recommended investment horizon: At least 5 years
Minimum investment: 10,000
Deadline:
Hazard class: 2 of 7⁴
Initial charge: up to 5%

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The klimaVest portfolio

Wind + Solar + Grids: Get to know the klimaVest systems.

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klimaVest at a glance

European Long-Term Investment Fund (ELTIF)

klimaVest uses the investors’ money to specifically finance photovoltaic and wind power plants in Europe and transmission grids in Germany.

Fund assets: 1.6 billion euros
Attachments: 43 photovoltaic and wind power plants in 6 (excluding Luxembourg) EU countries and participation in grid infrastructure
Sources of revenue: Long-term electricity purchase agreements and regulated grid charges
Returns: Current 3.6 % performance p.a.³
Distribution list: Annually in December, at the last distribution € per share
Hazard class: 2 of 7⁴
Minimum investment: 10,000
Recommended investment horizon: At least 5 years
Your subscription: Fully digital or in person possible
Transparent: klimaVest fulfils the transparency obligations in accordance with Article 9 of the EU Disclosure Regulation

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The opportunities provided by klimaVest

Invest conveniently and easily in primarily environmentally sustainable assets in the infrastructure sector
Broad risk diversification across different countries, locations, asset classes (e.g. energy generation, energy transmission, transport and mobility) and within the asset classes (e.g. onshore and offshore wind power, photovoltaics) is aimed for
Possible participation in state-regulated feed-in tariffs for electricity from renewable energies
IIssue and redemption of units generally on any trading day without notice period⁵ via the fund company
Opportunity to achieve stable returns while making a positive contribution to climate protection and adaptation to climate change
Professional asset and fund management
Many years of experience of the Commerz Real Group in the field of renewable energies
Independence from short-term fluctuations on the stock market

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The risks of klimaVest

The value of infrastructure investments and liquidity investments may fluctuate
Specific risks associated with investments in renewable energy (e.g. wind, solar radiation, general climate changes, technology, transmission by cable)
Despite extensive currency hedging, a residual currency risk remains
Distributions may not materialize
Certain conditions apply to the redemption of units⁵
The limited tradability of illiquid real asset investments harbours the risk of a temporary suspension of unit certificate redemption or even an orderly dissolution of the fund in the event of liquidity bottlenecks
Subsequent changes may be made to the feed-in tariff by the government at the expense of investors
Changes to the legal requirements may mean that the fund's assets no longer meet regulatory requirements and may subsequently have to be sold at a loss
Construction and development risks for infrastructure projects, such as fluctuations in the price of construction materials

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Frequently Asked Questions

Last year, klimaVest achieved a performance of 3.6.³ Since the launch in 2020, there has been a cumulative performance of .³ In each year since the launch, klimaVest has achieved a positive performance.³

The two numbers describe different time periods:

The performance of an individual year depends on the respective market situation and can be higher or lower.
The development since the launch, on the other hand, comprises several years and market phases and thus shows how reliably klimaVest has worked over time.

klimaVest distributes the income generated to investors once a year at the end of each year. Most recently, a total of around EUR 30 million was distributed on 16 December 2025, which corresponds to EUR 1.94 per share.

The amount of the distribution depends on the earnings of the past financial year and may therefore vary from year to year. Anyone holding fractional shares is entitled to a pro rata distribution.

The distribution is only part of the income. Another part remains in the fund and increases the unit value. The total return for a financial year is therefore made up of two components: the distribution and the appreciation of the unit.

The unit price is based on the net asset value of the Fund. It is calculated from the value of all the Fund’s assets less liabilities, provisions and any loans. Divided by the number of shares issued, this gives the net asset value per share.

The evaluation runs on two levels. The market values of the individual investments in the portfolio are determined quarterly and monitored by the depositary. The unit price itself is recalculated on each banking day, so that a current price is available for klimaVest on each trading day.

On this basis, klimaVest names two prizes: the issue price at which shares are purchased and the redemption price at which they are redeemed. The issue price also includes the initial charge that is incurred once upon purchase. The return price is calculated without this surcharge.

klimaVest is designed for a medium-term (3 to 5 years) to long-term (over 5 years) investment horizon. The fund invests in real energy infrastructure whose income is generated over long periods of time, for example through electricity purchase agreements with maturities of usually 10 years or more. An investment therefore develops its strength over several years, not over short periods of time.

Nevertheless, the capital is not firmly tied. Shares can be redeemed on any trading day, up to EUR 500,000 without notice. The stated horizon is therefore not a blocking period, but rather the period over which an investment in this asset class can make sense.

The term of the fund itself can be distinguished from the investment horizon: klimaVest is invested for 50 years, with the option of two extensions of five years each.

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¹The issue price includes the maximum initial charge of 5%.

²Current redemption price (excluding initial charge). The issue price always includes the initial charge of the respective distributor.

³Calculated using the BVI method (excluding initial charge, distribution reinvested immediately). Past performance is not indicative of future returns.

⁴The overall risk indicator helps you assess the risk associated with this product compared to other products. It shows how likely it is that you will lose money on this product because the markets move in a certain way or because we are unable to pay you out. We have classified this product as Risk Class 2 on a scale of 1 to 7, where 2 corresponds to a low risk class. The risk of potential losses from future performance is classified as low. Under unfavorable market conditions, the fund’s ability to pay you out is likely to be impaired. Investments in assets and companies in the infrastructure sector may involve specific risks (e.g., illiquid markets, construction and completion risks, or operational risks). This product offers no protection against future market performance, so you could lose all or part of the capital you have invested. If the fund is unable to pay you what you are owed, you could lose all of the capital you have invested.

⁵No notice period or minimum holding period for redemptions up to EUR 500,000; 12 months notice period for redemptions > EUR 500,000 p.a.; possible redemption restrictions due to insufficient liquidity; total redemption amount at each redemption date limited to 50% of the Fund’s liquidity investments.

klimaVestAll financial key figures at a glance

klimaVest key figures

klimaVest performance since fund launch 3

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Fund data at a glance

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The klimaVest portfolio

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klimaVest at a glance

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The opportunities provided by klimaVest

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The risks of klimaVest

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Frequently Asked Questions

How has klimaVest developed?

How does distribution work at klimaVest?

How is the unit price of klimaVest determined?

What investment horizon is klimaVest designed for?

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klimaVest performance since fund launch 3

Fund data at a glance

The klimaVest portfolio

klimaVest at a glance

The opportunities provided by klimaVest

The risks of klimaVest

Frequently Asked Questions

How has klimaVest developed?

How does distribution work at klimaVest?

How is the unit price of klimaVest determined?

What investment horizon is klimaVest designed for?

Contact person(s)

klimaVest performance since fund launch ³

klimaVest performance since fund launch ³