Our funds
OUR FUNDS
Why invest in clean energy?
The problem and the solution
What are the fundamentals?
Our energy vision
How do you invest in clean energy?
Invest in a portfolio of companies
Investment strategy
Target returns and expected risk
Track record
Performance (A$, return since inception)
31 July 2019
31 October 2025
Past performance is not an indication of future returns.
1 The Clean Energy Index comprises equal weightings to the S&P Global Clean Energy and Wilderhill Clean Energy Net Total Return Indices
2 MSCI World Net Total Return Index
Performance and risk (A$, as of 30 November 2025)
| T8 Energy Vision | Clean Energy Index1 | Global Equities2 | |
|---|---|---|---|
| Returns | |||
| Year to date | 31.7% | 46.6% | 12.7% |
| 3 months | 13.7% | 21.8% | 5.5% |
| 6 months | 27.5% | 52.0% | 11.5% |
| 12 months | 25.9% | 42.5% | 14.7% |
| 3 years | -22.1% | -22.8% | 64.8% |
| 5 years | -21.1% | -41.5% | 91.4% |
| Since inception | 78.7% | 41.4% | 112.3% |
| Risk (last 90 days) | |||
| Volatility | 14% | 33% | 10% |
| Sharpe ratio | 1.0 | 0.7 | 0.6 |
| Equity correlation | 0.4 | 0.6 | 1.0 |
| Equity beta | 0.6 | 2.0 | 1.0 |
| Up-capture | 99% | 237% | 100% |
| Down-capture | 30% | 165% | 100% |
| Up/down ratio | 3.3 | 1.4 | 1.0 |
About the fund
Fund overview
- Global growth equities fund focused on opportunities in future-facing energy.
- Incorporates deep in-house research, active portfolio management, and direct company engagement.
- Target returns of greater than 20%pa over a 3-5-year investment horizon.
Investment thesis
- Global energy demand growth is accelerating – especially in advanced economies. In 2024, electricity demand grew at roughly double the 10-year average.
- Electricity is booming, driven by data centres (a secular growth trend) and the electrification of road transport (a structural shift).
- The companies best positioned to benefit from this boom are those in the energy generation, grid infrastructure, energy storage and electrification sectors (as well as their supply chains).
Investment process
- Our process is built on fully independent research, overseen by our Advisory Board which also provides deep industry insights.
- T8 believes that positive environmental and social benefits can be achieved without sacrificing investment returns.
Key documents
| Product Disclosure Statement | Download |
| Monthly report | Download |
Important notice
© Copyright 2025 Triple Eight Capital Pty Ltd (ABN 52 642 108 496, AFSL 527866). All rights reserved.
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298, AFSL 240975) is the Responsible Entity for T8 Energy Vision. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).
This document has been prepared by Triple Eight Capital Pty Ltd (“T8”) to provide general information only. The information contained herein does not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither T8, Equity Trustees nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance.
You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product. A Target Market Determination describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed. The Product Disclosure Statement and Target Market Determination for T8 Energy Vision is available at https://t8cap.com/how-to-invest/.
Risk warning: T8 Energy Vision will not necessarily be invested in all of the areas mentioned in this material at any given time. New technologies not listed in this material may emerge which may benefit from the changing dynamics of energy markets. It is therefore not possible to exhaustively list all areas in which T8 Energy Vision may invest. By investing in companies involved in manufacturing or resource extraction, T8 Energy Vision will not by its nature be a low carbon emissions portfolio relative to the broader listed global equity market and may have investments in companies that currently have material exposure to fossil fuels (e.g. an electric utility which produces the majority of its electricity from sources with no greenhouse gas emissions may operate or have exposure to gas-fired electricity generation assets within its portfolio).
Would you like more information?
How to invest Request More Information Request Call Back Register for next briefingTrack record
Performance (A$, return since inception)
31 July 2019
31 October 2025
Past performance is not an indication of future returns.
1 NYSE Arca Gold Miners Index (GDM Index)
2 Gold bullion as tracked by the SPDR Gold Shares (GLD US)
Performance and risk (A$, as of 30 November 2025)
| NO17 Gold | Gold Miners Index1 | Gold bullion2 | |
|---|---|---|---|
| Returns | |||
| Year to date | 148.5% | 129.8% | 50.7% |
| 3 months | 32.7% | 31.4% | 21.8% |
| 6 months | 71.8% | 60.7% | 25.2% |
| 12 months | 139.4% | 121.5% | 56.5% |
| 3 years | 224.3% | 201.6% | 138.1% |
| 5 years | 212.7% | 176.7% | 155.4% |
| Since inception | 384.6% | 235.8% | 196.4% |
| Risk (last 90 days) | |||
| Volatility | 42% | 42% | 23% |
| Sharpe ratio | 0.8 | 0.8 | 1.0 |
| Gold correlation | 0.8 | 0.8 | 1.0 |
| Gold beta | 1.5 | 1.5 | 1.0 |
| Equity correlation | 0.2 | 0.2 | 0.1 |
| Equity beta | 0.9 | 1.0 | 0.2 |
| Up-capture | 155% | 156% | 100% |
| Down-capture | 151% | 158% | 100% |
| Up/down ratio | 1.0 | 1.0 | 1.0 |
Responsible gold mining
NO17 considers responsible mining to be mining which is conducted with good governance as well as respect for the environment, human rights and the wellbeing of employees, contractors and members of associated communities.
A number of organisations have defined standards for responsible mining including the World Gold Council’s (WGC) ‘Responsible Gold Mining Principles’, Mining Association of Canada’s (MAC) ‘Towards Sustainable Mining’, the International Council on Mining and Metals’ (ICMM) ‘Mining Principles’ as well as initiatives such as Copper Mark. Similar environmental and social standards specifically for development projects include the Equator Principles and the International Finance Corporation (IFC) Performance Standards.
NO17 Gold considers these standards in its assessment methodology and while NO17 has a preference for companies with a commitment to responsible mining standards, companies that have not made a formal commitment may still be included in our portfolio. Companies in which NO17 invests may have legacy and/or ongoing environmental, social or governance challenges.
NO17 Gold believes that responsible gold mining has the potential to create net socio-economic benefits for host countries and associated local communities through job creation, tax revenue and community investment.
Responsible investment risks and issues that create the greatest concern for us in our portfolio include (but are not limited to): GOLD US – community unrest at Porgera (Papua New Guinea), human rights grievances at Tanzanian operations, and governance risks at Mali operations; FNV US – exposure to and willingness to actively invest in oil and gas production, high fatality rates at certain South African operations that company has royalty/streaming agreements with; PAAS US – concerns regarding impacts on indigenous rights at Guatemalan Project; NEM US – marine disposal of waste materials at Lihir (Papua New Guinea).
Please email info@t8cap.com for more information.
Important notice
© Copyright 2025 Triple Eight Capital Pty Ltd (ABN 52 642 108 496, AFSL 527866). All rights reserved.
This material has been prepared by Triple Eight Capital Pty Ltd (“T8”) (ABN 52 642 108 496, AFSL 527866) to provide general information only. In preparing this material, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither T8 nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Private Offering Memorandum before making a decision about whether to invest in this product.
This material is for distribution only to sophisticated investors, financial institutions, financial services licensees and their advisers. It is not for viewing by retail clients or members of the general public.
