Mirova Global Green Bond Fund Class A
MGGAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Natixis Funds Trust I MA United States of America
- IPO Date
- Feb 28, 2017
- CIK
- 0000770540
- Similar Companies
- Business
- Mirova Global Green Bond Fund Class A (MGGAX) is a mutual fund that seeks total return through capital appreciation and current income by investing primarily in green bonds, which are fixed-income securities funding projects with environmental benefits such as renewable energy, energy efficiency, and low-carbon infrastructure. The fund, a sub-fund of Natixis Funds Trust I and managed by Mirova, an affiliate of Natixis Investment Managers, normally allocates at least 80% of its net assets to green bonds; it employs a bottom-up investment process integrating ESG analysis, green bond project evaluation, and traditional credit analysis, with at least 40% in non-U.S. securities, limited emerging market and high-yield exposure, neutral duration positioning, and fully hedged currency risks. Launched in 2017 and domiciled in Luxembourg with administrative operations in the United States, the fund targets institutional and retail investors focused on sustainable fixed income, operating globally across developed and select emerging markets. The fund's portfolio emphasizes high-conviction green bond issuances from supranationals, quasi-sovereigns, agencies, utilities, industrials, and financial institutions, supporting transitions to a low-carbon economy while aiming for competitive yields, as evidenced by its 6.85% semi-annual dividend yield. Geographically diversified with significant exposure to Europe, North America, Asia, and emerging regions, it maintains a duration around 6.4 years in line with global aggregate benchmarks. In recent developments, the broader Mirova organization, headquartered in Paris and founded in 2012, published its 2024 Impact Report highlighting a record $945 billion in global green bond issuances (up 10% year-over-year) and the implementation of the EU Green Bond Standard effective December 2024 to enhance market transparency and integrity—aligning with Mirova's pioneering methodology since 2015. Mirova also consolidated its real assets expertise into a dedicated platform effective January 1, 2025, under Raphaël Lance, and announced a strategic merger project with Thematics Asset Management to strengthen thematic sustainable investing. Additionally, Mirova's Energy Transition 6 fund reached €1.2 billion in commitments by late 2025, deploying capital into renewables and related infrastructure, while maintaining a €480 million financing partnership with RP Global announced in 2024 for European solar, wind, and storage projects.