DGC - Energy - NS PartnersNS Partners Group

Fund profile

DGC Energy is a long-only, actively managed equity fund focused on the global enery transition and efficiency, aiming to deliver attractive, risk-adjusted returns through high-conviction, quality-driven stock selection.

Pure thematic focus: long-only equity strategy centered on the energy transition theme
Benchmark agnostic: unconstrained in terms of geography and sector withno style bias (blend)
Large cap orientation: primarily invests in developed markets and large-cap companies
High conviction: concentrated portfolio of ~20–25 stocks, diversified across sub-sectors
Low to moderate turnover: focused on long-term investment horizon
No derivatives: no market timing, futures or options, purely bottom-up fundamental approach

Focus on quality

High-quality companies across all sectors
Proven management teams with strong track records
Preference for low leverage, strong free cash flow and healthy balance sheets

Valuations are key

Willing to pay elevated P/E ratios for quality but avoid excessive multiples
Use of normalized 2-year PEG and 3-year free cash flow yield as core valuation metrics
DCF analysis on all holdings to assess valuation upside/downside

Portfolio construction & Risk Management

Continuous risk oversight with clear internal limits
Agnostic investing: avoid bias, no averaging down
Position sizing based on conviction and risk
Stay flexible and disciplined in portfolio rebalancing

ESG Integration

Currently classified under SFDR Article 6
Targeting Article 8 classification in 2025, reflecting a stronger commitment to environmental and social factors within the investment process

Why invest in this fund ?

Last update 03.11.2025

MorningStar rating overall :

30+ years’ experience in equity portfolio management, with a long-standing commitment to fundamental, active investing.
In a market full of unprofitable clean energy names, we believe our active, fundamentals-driven approach is the best way to access the long-term potential of the energy transition.
The portfolio trades at 22.2x 2025 earnings with a 2.0x PEG ratio, reflecting a disciplined focus on valuation and quality growth.
Recognized by Morningstar with a 5-star rating, highlighting strong risk-adjusted performance versus its category.
The fund delivered an annualized return of +10.8% (as of September 2025), outperforming most peers in the thematic equity space.

“ DGC Energy, with its high-conviction and quality-driven approach to the energy transition and efficiency, offers a compelling solution to complement a core equity allocation through a focused thematic lens. ”