VIRGIN CLIMATE CHANGE FUND

Invests in companies from around the world that are providing solutions for climate change and adopt best environmental practice.

At a glance

Aims to provide capital growth while at the same time being better for the planet.
You can access your money whenever you need to, but you should be ready to invest for at least five years.

abrdn, our Investment Adviser, use their stock picking expertise with the aim of beating the returns of the MSCI All Countries World Index.
We won’t invest in companies with material revenues from tobacco, fossil fuels, or controversial weapons.

Your Money Direct Awards 2019 - Virgin Money Winner of Best Direct Stocks and Shares ISA award

Please note, this fund has an annual ongoing charge of 1.0%.

Risk and reward potential
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Typical Fund Mix

The fund invests on a global basis. The chart shows the different regions the fund typically invests in, whilst the actual allocation at any time is based on the views of the Investment Adviser (abrdn).

North America

Europe (exc UK)

United Kingdom

Asia (inc Japan)

Where your money's invested

The fund invests in the shares of companies from around the world and is actively managed - the stocks are hand-picked by the Investment Adviser for their return potential and environmental credentials.

At least 60% of the fund is invested in what we call ‘solution providers’ – companies that provide products or services that enable businesses and society to reduce carbon emissions and address other environmental challenges such as resource usage and waste reduction.
The remainder will be invested in companies we regard as ‘leaders’ – companies which lead the way in their particular industry in terms of reducing their environmental footprint.
The fund will not invest in companies with material revenues from tobacco manufacture, the extraction or processing of fossil fuels (coal, oil and gas), or companies involved in the manufacture of controversial weapons such as landmines or cluster munitions.

The fund invests in shares in a relatively small number of companies (typically between 35-45). This combined with the specialist environmental focus of the fund, means the fund may rise and fall in value by more than the broader market.

Which regions?

The following is up-to-date as of 30 September 2022.

59.7%	North America
21.1%	Europe (excluding UK)
11.5%	UK
7.7%	Asia Pacific

Top shares

The following is up-to-date as of 30 September 2022.

4.5%	Tetra Tech
4.3%	Schneider Electric SE
3.8%	Waste Management
3.6%	Deere & Company
3.4%	Analog Device
3.4%	Microsoft Corporation
3.1%	Koninklijk DSM N.V.
3.1%	SSE Plc
2.9%	Novo Nordisk A/S
2.7%	Autodesk

How has this fund performed in recent years?

Five years

The table below shows year-on-year performance for the past 5 years compared with the fund benchmark. The fund benchmark doesn’t include the cost of the ongoing charges, but our fund performance does.

The fund was launched in January 2008 with a different investment strategy, higher ongoing charge and benchmark compared to now. The performance shown below relates to the previous strategy and benchmark as the new strategy was adopted 26 July 2022.

	Sept 2017 to Sept 2018	Sept 2018 to Sept 2019	Sept 2019 to Sept 2020	Sept 2020 to Sept 2021	Sept 2021 to Sept 2022
Virgin Climate Change Fund	5.4%	-0.2%	6.1%	18.6%	-10.3%
Benchmark	2.0%	5.1%	-7.3%	26.9%	-7.2%

Source: Lipper, year on year, 30.09.17 to 30.09.22, bid to bid with net income reinvested.

What’s the benchmark?

The fund’s new benchmark is MSCI All Countries World Index GBP. This index represents the performance of hundreds of shares from around the world.

Because an index is just an indicator of how markets are performing – it doesn’t include any costs or charges that investors in the real world experience. But our fund performance does.

The fund also actively selects which shares to invest in, so its performance will always be different from the index. The fund aims to beat the returns of the index over periods of three years or more.

If you had invested £10,000 in the Virgin Climate Change Fund on 30 September 2017, it would be worth £11,868 after charges on 30 September 2022.

Remember, past performance is not a reliable guide to the future. The value of your investment can go down as well as up, and you may get back less than you invest. This is a medium to long term investment so you should be prepared to invest your money for at least 5 years.

Charges and account information

Charges

With this fund you'll only pay the annual ongoing charge.

Annual ongoing charge	1.0%
Performance fee	None
Entry / Exit / Switch funds charge	None

Key investor information

Download the Key investor informationPDF opens in a new window
(PDF, 118 KB)

Other information

Min opening investment	From £500
Monthly payments allowed	Yes. From £50.
Additional lump sums	Yes. From £100.
Maximum balance	Unlimited
Withdrawals	At any time
Suggested term	Minimum five years
Switch funds	At any time
Fund management	ActiveShow risk vs reward help Close risk vs reward help An actively managed fund is one which is managed by a fund manager, who tries to predict which shares will rise most in value. The aim is to produce better-than-average returns – but the risk level is greater. You’re paying for the fund manager’s time and expertise, plus the trading costs of regular buying and selling, so the costs are normally higher than with passively managed funds.
FSCS protection	Up to £85,000

Remember, you can only subscribe to one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA in each tax year, up to the current combined annual subscription limit of £20,000. The value of your investments can go down as well as up and you may get back less than you invest.

This is a medium to long-term investment so you should be prepared to invest your money for at least five years. Tax depends on your individual circumstances and the regulations may change in the future.

Already got a Virgin Money Stocks and Shares ISA?

To invest please make sure you’ve seen the PDF opens in a new window Key Investor Information and ways to top up your ISA.

If you need help give us a call on

03456 10 20 20

We're here from 8am to 9pm Monday to Friday, 9am to 6pm Saturday.
Sorry, we're not open on bank holidays.

Call charges and information

Number	Cost
03 numbers	Same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way.
084 numbers	Maximum of 7p per minute, plus your phone company's access charge.
087 numbers	Maximum of 13p per minute, plus your phone company's access charge.
0800 numbers	Free from UK landlines and personal mobile phones.

Calls may be recorded for training and quality purposes.

Want to transfer an ISA to us?

If you have an ISA with another provider it is quick and easy to transfer to us

Our other funds

You can invest in any of our funds within your ISA, in any combination, and switch between them whenever you like, for no extra charge.

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