At a glance
Our Climate Change fund invests in companies from around the world that are providing solutions for climate change and adopt best environmental practice, aiming for higher returns in the long term.
This fund has sustainability characteristics as it invests with the aim of providing solutions to environmental and climate issues. Sustainable investment labels help investors find products that have a specific sustainability goal. This fund doesn't have a UK sustainable investment label, because it doesn't meet the requirements of having a label.
Download key information
Highlights
Invests in
Companies aiming to positively contribute to addressing our effect on the climate and the environment.
Doesn’t invest in
Companies with material revenues from tobacco, fossil fuels, controversial weapons or that don’t comply with global standards.
Aims for higher growth
Higher potential to grow your money in the longer term, but with greater ups and downs in value (risk) compared to global equity funds which invest in a greater number of companies, across more market sectors.
All done for you
Managed for you by our dedicated team of investment experts.
How your money's invested
The fund invests in the shares of companies from around the world which are hand-picked by the Investment Adviser for their return potential and either the environmental solutions they aim to provide or leadership in their industry.
Our experts review this mix regularly considering the economic outlook for each geographic region.
Which regions?Typical mix
80% or more
invested in solution providers that support the transition to a low-carbon economy
Up to 20%
invested in companies that are environmental leaders in their industry
Which regions?
Close ModalThe following is up-to-date as of 30 June 2025.
Amount invested | Region |
---|---|
66% | North America |
18% | Europe (excluding UK) |
10% | UK |
6% | Asia Pacific |
Remember, the value of investments can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and the regulations may change in the future.
Where your money's invested
Investing in companies from around the world that are contributing solutions to help climate change and environmental leaders.
Here's the detail at 30 June 2025.
Higher risk
- 6% - Shares (emerging markets)
- 10% - Shares (UK)
- 5% - Real estate investment trusts
- 79% - Shares (overseas developed)
- 0% - Bonds (emerging markets)
- 0% - Bonds (high yield)
Lower risk
- 0% - Cash
- 0% - Short maturity bonds
- 0% - UK Government bonds (Gilts)
- 0% - Global government bonds
- 0% - UK corporate bonds
- 0% - Global corporate bonds
What do these terms mean?
Close ModalBonds: These are like IOUs, used by companies and governments to raise money. The buyer effectively lends money to the seller, in return for interest on their investment over a set amount of time. When that time’s up, the value is paid back.
Gilts: These are just a type of bond. But instead of lending money to a company, it’s lent to the UK Government.
Shares: A share is a tiny bit of a company. Share owners are called shareholders. If a company does well, shareholders are rewarded with a proportion of the profits, paid out as dividends. The value of shares rises and falls according to the company’s performance, and other factors.
Real estate investment trusts (REITs): These are pools of money gathered by a company from investors. They’re used to buy, manage or invest in property and land (real estate) to generate income – a way of investing in commercial property without needing millions.
How the fund invests
Explore the top 10 companies this funds invests in, and why.
This list is up-to-date as of 30 June 2025, and ordered by percentage holding, from highest to lowest.
Percentage holding: 6.72%
Company type: Leader
Microsoft is cutting its environmental footprint through efficient cloud infrastructure that reduces hardware, energy use, and emissions. It has committed to becoming carbon negative by 2030, removing more carbon than it emits. Through its $1 billion Climate Innovation Fund, Microsoft is also scaling next-generation carbon removal solutions.
Percentage holding: 3.95%
Company type: Solution Provider
Autodesk's design software helps construction and manufacturing projects optimise resources and cut waste. By integrating digital tools early, it reduces material use and boosts efficiency. Its solutions support more sustainable building, tackling the 30% of materials typically wasted on sites.
Percentage holding: 3.84%
Company type: Solution Provider
Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest dedicated semiconductor foundry, making chips designed by others. Its advanced production enables higher chip density and lower power use, boosting efficiency. By improving semiconductors, TSMC helps cut energy consumption in data centres, AI, and other technologies.
Percentage holding: 3.78%
Company type: Solution Provider
SSE is driving the UK's clean energy transition, with over 80% of capital spend going into grids, renewables, and efficiency. It's building more offshore wind than any other company worldwide, set to deliver over 25% of the UK's offshore wind target. SSE is also investing in critical grid infrastructure, boosting resilience and supporting net zero goals.
Percentage holding: 3.38%
Company type: Solution Provider
Around 90% of Ecolabs's revenue and research and development supports efficient water use and management. In 2024, it help conserve 226 billion gallons of water - enough to provide 781 million people with drinking water. With products that cut water use by up to 40%, Ecolab aims to save 300 billion gallons annually by 2030.
Percentage holding: 3.23%
Company type: Solution Provider
74% of Schneider's revenue comes from electrification and energy efficiency, including smart grids and digital energy tools. Its solutions have helped avoid 697 million metric tons of CO2 since 2018, aiming for 800 million by 2025. Schneider also cuts waste, with 50% of packaging now free from single-use plastic and made from recycled cardboard.
Percentage holding: 3.23%
Company type: Solution Provider
Trane is driving smart building innovation with energy-efficient heating, ventilation, and air conditioning (HVAC) and low-emission technologies. Its 2030 and 2050 climate goals guide research and development across operations, product use, and lifecycle impact. In 2024, Trane launched 190 new products to help cut 1 billion metric tons of customer emissions by 2030.
Percentage holding: 3.20%
Company type: Solution Provider
Tetra Tech is a glabl consulting firm leading projects in clean water, environmental restoration, and diisaster resilience. Its work supports biodiversity, nature-based solutions, and climate-adapted infrastructure. From water supply to sustainable buildings, Tetra Tech helps build a more resilient future.
Percentage holding: 3.19%
Company type: Leader
AstraZeneca aims to be carbon neutral by 2025, and carbon negative by 2030. They're investing up to $1 billion in clean energy, green chemistry and sustainable innovation. As a climate leader in pharma, they're embedding sustainability into its core strategy and research and development.
Percentage holding: 3.19%
Company type: Solution Provider
American Water saves 3.3 billion gallons of water a year, through advanced leak detection and efficiency upgrades. The company has comitted 50% of it's total spending towards modernising infrastructure. This all aligns with their broader goals to reduce their environmental impact, support climate resilience and support sustainable water management across the U.S.
What you could've earned already
The graph below gives you an indication of how much you could've earned, after charges, if you had invested £10,000 in this approach five years ago. Remember, past performance isn't a reliable guide to future performance.
The following is up-to-date as of 30 June 2025.
-
Jun-20: £10,000Jun-20: £10,000
-
Jul-20: £10,099Jul-20: £9,855
-
Aug-20: £10,609Aug-20: £10,124
-
Sep-20: £10,549Sep-20: £10,028
-
Oct-20: £9,977Oct-20: £9,493
-
Nov-20: £11,073Nov-20: £10,816
-
Dec-20: £11,458Dec-20: £11,057
-
Jan-21: £11,171Jan-21: £10,947
-
Feb-21: £11,292Feb-21: £11,209
-
Mar-21: £11,902Mar-21: £11,892
-
Apr-21: £12,193Apr-21: £12,177
-
May-21: £12,517May-21: £12,460
-
Jun-21: £12,649Jun-21: £12,661
-
Jul-21: £12,546Jul-21: £12,846
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Aug-21: £12,842Aug-21: £13,125
-
Sep-21: £12,565Sep-21: £12,729
-
Oct-21: £13,066Oct-21: £13,204
-
Nov-21: £12,638Nov-21: £12,894
-
Dec-21: £13,138Dec-21: £13,557
-
Jan-22: £12,684Jan-22: £13,136
-
Feb-22: £12,364Feb-22: £12,727
-
Mar-22: £12,589Mar-22: £12,831
-
Apr-22: £12,388Apr-22: £12,735
-
May-22: £12,276May-22: £12,691
-
Jun-22: £11,487Jun-22: £11,717
-
Jul-22: £12,087Jul-22: £12,434
-
Aug-22: £12,169Aug-22: £12,525
-
Sep-22: £11,340Sep-22: £11,806
-
Oct-22: £11,558Oct-22: £12,137
-
Nov-22: £11,847Nov-22: £12,644
-
Dec-22: £11,438Dec-22: £12,025
-
Jan-23: £12,067Jan-23: £12,592
-
Feb-23: £11,816Feb-23: £12,438
-
Mar-23: £11,822Mar-23: £12,554
-
Apr-23: £11,648Apr-23: £12,527
-
May-23: £11,554May-23: £12,568
-
Jun-23: £11,868Jun-23: £12,963
-
Jul-23: £12,077Jul-23: £13,278
-
Aug-23: £11,584Aug-23: £13,106
-
Sep-23: £11,122Sep-23: £13,043
-
Oct-23: £10,618Oct-23: £12,725
-
Nov-23: £11,210Nov-23: £13,323
-
Dec-23: £11,998Dec-23: £13,866
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Jan-24: £11,855Jan-24: £13,963
-
Feb-24: £12,267Feb-24: £14,660
-
Mar-24: £12,705Mar-24: £15,140
-
Apr-24: £12,491Apr-24: £14,770
-
May-24: £12,656May-24: £15,116
-
Jun-24: £12,718Jun-24: £15,564
-
Jul-24: £12,820Jul-24: £15,565
-
Aug-24: £12,776Aug-24: £15,598
-
Sep-24: £12,779Sep-24: £15,638
-
Oct-24: £12,801Oct-24: £15,949
-
Nov-24: £12,971Nov-24: £16,736
-
Dec-24: £12,403Dec-24: £16,583
-
Jan-25: £12,942Jan-25: £17,275
-
Feb-25: £12,525Feb-25: £16,945
-
Mar-25: £11,722Mar-25: £15,877
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Apr-25: £11,586Apr-25: £15,486
-
May-25: £12,342May-25: £16,220
-
Jun-25: £12,411Jun-25: £16,679
June 2020 to June 2021 | June 2021 to June 2022 | June 2022 to June 2023 | June 2023 to June 2024 | June 2024 to June 2025 | |
---|---|---|---|---|---|
This fund | 26.5% | -9.1% | 3.5% | 7.4% | -2.4% |
Benchmark* | 26.6% | -7.5% | 10.6% | 20.1% | 7.2% |
The ongoing charge changed from 1.00% to 0.70% on 6 January 2024. The performance shown is based on the current annual charge, with adjustments made to prior years to reflect the current charging structure for this fund.
Source Lipper, total return (income reinvested).
Key information
Before investing please make sure you've read the following:
Investment Mix
Close Modal- Higher potential returns and risk
- Lower potential returns and risk
The Investment Mix shows you how much of your money typically goes into higher risk investments with higher potential returns, and how much goes into lower risk investments with lower potential returns.
For more info, check out our guide.
Investing money and the risks.Want to check out the performance of another fund?
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