Fund database › Infrastructure
Commerz Real AG / Commerz Real Fund Management S.a r.l. · LU2183939003
ELTIF 2.0 Infrastructure Luxembourg Article 9 daily dealing
Unit price (NAV) in EUR · share class 1 · 121 data points
5 payments recorded, in EUR
Past distributions are no guarantee of future payments. The diamonds in the NAV chart mark the payment dates.
Total return incl. distributions — payments notionally reinvested at the NAV of the payment date (standard methodology).
Pure price return (NAV movement without reinvestment): YTD +1.3% · 1 year +3.0% · 3 years p.a. +3.4% · 5 years p.a. +3.3% · since Oct 2020 p.a. +1.9%.
Calendar years, calculated from the NAV series incl. reinvested distributions
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
| Performance 12M · as at 30 Jun 2026 | 3.10% |
| Since launch p.a. · as at 30 Jun 2026 | 2.80% |
Target return per the provider: No communicated target return. KID scenarios (EUR 10,000, 5 years): moderate scenario 4.23 % p.a. net (EUR 12,300), favourable 5.79 % p.a., unfavourable -0.42 % p.a., stress -1.47 % p.a.; according to the cost note 7.85 % p.a. before and 4.43 % p.a. after costs.
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 2 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.80% |
| Total ongoing costs | 1.92% |
| Entry charge max. | 5.00% |
| Redemption fee | 0.00% |
| Performance fee | 0.00% |
| Hurdle rate | 0.00% |
| High-water mark | not documented |
Median across 19 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
Every stock exchange/bank business day (every bank business day is a valuation day); two-week right of withdrawal for retail investors pursuant to the ELTIF Regulation
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed daily; notice must be given 0 days before the date.
From the notice being received to the money reaching your account: typically around 0 to 1 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Daily - 'Daily unit redemption at the current net asset value'; redemption can be announced on every valuation day and is possible on every bank business day; redemption applications to the registrar and transfer agent BNP Paribas Securities Services, Luxembourg Branch
The total amount of all redemptions on each redemption date is capped at 50 % of the fund's liquidity investments available on the relevant valuation day; in addition suspension of redemption in the event of exceptional events
No notice period and no minimum holding period for redemptions up to EUR 500,000; 12-month notice period for redemptions above EUR 500,000 p.a. (product brochure as at 30 Jun 2026 and KID: 'one-year notice period for redemptions by an investor amounting to more than EUR 500,000 within one year'). The rule continues to apply unchanged in the version following the ELTIF 2.0 conversion.
No minimum holding period and no redemption charge; recommended holding period 5 years
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Commerz Real Fund Management S.a r.l., 8 Rue Albert Borschette, Building C, L-1246 Luxembourg (management company and AIFM under the Law of 2013)
BNP Paribas, Luxembourg Branch (factsheet/brochure: 'BNP Paribas S.A., Luxembourg Branch'); registrar and transfer agent BNP Paribas Securities Services, Luxembourg Branch; depositary remuneration of up to 0.025 % p.a. of NAV
28 Oct 2020; end of term 31 Aug 2070 (extendable twice by up to 5 years each time). IMPORTANT: 'From 1 September 2026 the fund has an unlimited term' - transition to the ELTIF 2.0 regime as at 1 Sep 2026. Financial year 1 Sep - 31 Aug
Listed as “klimaVest ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70160195
'The fund is intended for experienced retail investors within the meaning of Directive 2014/65/EU (MiFID II) with a sustainable, ecologically and/or socially responsible investment approach who have received appropriate investment advice in relation to this product.' Distribution to professional, semi-professional and retail investors within the meaning of Paragraf 1 Abs. 19 Nr. 31-33 KAGB who meet the requirements of a qualified investor
Luxembourg (PRIIP authorisation according to the PRIIPs KID); active distribution in Germany (market leader/largest ELTIF in Germany according to Scope); cross-border distribution possible, complete country list n/a
Fund level (management company/AIFM Commerz Real Fund Management S.a r.l., depositary BNP Paribas Luxembourg Branch) as well as the level of the controlled asset/project companies (wind, solar, storage and mobility assets). No target-fund or feeder structure - the fund acquires control over the target companies directly or indirectly. Costs at the level of the asset companies (operational management, asset management) are not disclosed separately (not documented)
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.
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