March 2026

Marketing Material

Power Revolution

The AtonRâ Power Revolution is a long-only, actively managed certificate focused on the infrastructure and technologies required to support global electrification.

The investment universe covers power generation, transmission and distribution networks, energy storage systems, grid equipment, electrified transport, and selected efficiency and resource management technologies. Portfolio construction prioritizes companies with durable industrial franchises, strong execution capabilities, and direct exposure to long-term capital expenditure programs.

The strategy is primarily positioned around electrification themes, with a focus on generation, power grids and energy storage as the main drivers of value creation. The portfolio favors quality growth companies operating at critical points of the energy system, reflecting a pragmatic view of the energy transition as a multi-decade infrastructure and engineering transformation.

Main Features
Asset Class Equity
Legal Structure Actively Managed Certificate
Investment Index Long
Launch date 2018-10-19
Currency EUR
Type of Return Total return
Ticker JMLNARSE
isin XS1668108506
Issuer JP Morgan
Issue Price 100
Last Price 191.21
Sharpe Ratio 0.34
Correlation 0.71
Beta 1.12
Reference Index MSCI ACWI Net TR (EUR)
Liquidity Daily
# Holdings 32
Management Fees 1.30%
Issuer Fees 0.20%
Performance Fees 15.00%
ALL TIME HIGH ALL TIME LOW
PRICE: 282.9 PRICE: 88.4
DATE: 2021-11-04 DATE: 2018-12-25

Power Revolution

The AtonRâ Power Revolution is a long-only, actively managed certificate focused on the infrastructure and technologies required to support global electrification.

The investment universe covers power generation, transmission and distribution networks, energy storage systems, grid equipment, electrified transport, and selected efficiency and resource management technologies. Portfolio construction prioritizes companies with durable industrial franchises, strong execution capabilities, and direct exposure to long-term capital expenditure programs.

The strategy is primarily positioned around electrification themes, with a focus on generation, power grids and energy storage as the main drivers of value creation. The portfolio favors quality growth companies operating at critical points of the energy system, reflecting a pragmatic view of the energy transition as a multi-decade infrastructure and engineering transformation.

Monthly Returns €

(Net of fees)

* Estimated
* Actual

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ANNUAL
2026 6.6% 6.2% -2.9% 9.9%
2025 0.2% -3.6% -8.0% -4.8% 9.2% 1.4% 6.8% 2.4% 9.7% 10.0% -3.3% -1.4% 18.0%
2024 -12.3% 4.9% 6.1% 0.3% 5.8% -6.9% 2.5% -0.9% 10.2% -1.5% 3.7% -4.8% 4.9%
2023 7.9% -5.7% -2.1% -7.3% -2.3% -1.8% -1.0% -13.0% -7.8% -9.0% 1.9% 4.3% -32.0%
2022 -10.1% 1.7% 2.4% -10.8% 1.2% 4.4% 16.7% -2.1% -8.2% -0.8% 4.4% -11.2% -14.9%
2021 5.9% -10.8% 0.9% -3.1% -0.8% 14.6% -1.8% 1.5% -2.6% 16.5% -4.1% -9.5% 3.0%
2020 4.8% 1.0% -21.0% 14.1% 9.3% 5.5% 11.6% 14.7% 5.2% 2.2% 16.0% 7.5% 88.6%
2019 8.5% 5.8% 1.8% 4.7% -4.6% 7.0% 1.9% -2.3% 3.4% -1.1% 3.3% 3.8% 36.3%
2018 -0.6% 2.9% -10.4% -8.4%
Industry Exposure

Top Holdings
  • GE VERNOVA
  • MASTEC
  • CATL
Top 3 Contributors
  • CATL
  • BYD
  • NEXTRACKER INC
Worst 3 Contributors
  • DOOSAN ENERBILITY CO LTD
  • HUAMING POWER EQUIPMENT CO LTD
  • SCHNEIDER ELECTRIC SE
Geographical
Breakdown
Currency
Exposure
Asset
Allocation
Equity Market Cap
Distribution
Equity
Liquidity*

*On average 3 Months daily trading volume

Risk
Scale

5


The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back

Industry Exposure