Shares of the Fondaction mutual fund traded at $15.10, up $0.08 from May 31, 2022, while the 12-month shareholder return was 0.5%.
Those returns don’t take into account the 30% tax credit given to taxpayers when they purchase their shares, mutual fund CSN said in a press release on Thursday.
Based on the value of its shares, Fondaction’s total annual return increases to 6.2% over 3 years, 5.0% over 5 years and 4.8% over 10 years, according to the fund, which welcomed 17,000 new contributors. thereby increasing the number of shareholders to 214,791 as of May 31st.
Last year, Fondaction’s net worth grew 7.3% to $3.34 billion, while its share repurchases and purchases by agreement totaled $158.5 million during the period. Shares totaling $368.7 million were issued.
The gross return on development capital investments in the same year was 1.2%, while other capital market investments generated a gross return of 4.8%.
To contribute to the fight against climate change, Fondaction has invested in companies and funds whose projects made it possible to save around 1.8 million tonnes of CO2 equivalents last year.
“As a fund specializing in sustainable finance, we are pleased to partner with companies that strive for a more equitable, inclusive, greener and more efficient economy,” said Geneviève Morin, CEO of Fondaction.