VIRGIN CLIMATE CHANGE FUND

Invests in companies that have a lighter environmental footprint. Actively managed by GLG - a fund manager with over $27bn assets under management.

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.

Up to 25% of the fund is invested in companies developing environmental best practice or technologies.
Managed by GLG - a fund manager with over $27bn assets under management.

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 1.3%.

Fund pie to show Climate Change Fund - 100% shares.

Typical Fund Mix

75% is invested in shares with a 'green filter' applied, and 25% is hand picked by the fund manager.

Where your money's invested

Instead of being chosen by industry, companies are chosen based on their environmental ‘footprint’. The fund provider GLG works closely with Trucost (a company who specialise in quantifying environmental impacts) to rank the companies from a low to a high footprint based on over 700 factors. Only those in the top half of the list make it into the Virgin Climate Change Fund.

In addition the fund also invests:

Up to 15% in hand picked companies who lead their industries in environmental best practice.
Up to 10% in companies developing, manufacturing and providing innovative products and solutions to environmental problems.

Remember that shares can rise and fall significantly, affecting the value of the fund.

Which countries?

Predominantly the UK and Europe.

Top 10 shares

The following is up-to-date as of 30 September 2020

4.99%	Schneider Electric
4.61%	Kering
4.53%	Vestas Wind Systems
4.38%	Apple Inc
4.26%	Reckitt Benckiser
4.24%	Siemens AG
4.14%	AstraZeneca Plc
4.09%	Roche Holding AG
4.05%	Kion Group AG
3.97%	Novo-Nordisk AS

How has this fund performed over the long term?

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.

	Sept 2015 to Sept 2016	Sept 2016 to Sept 2017	Sept 2017 to Sept 2018	Sept 2018 to Sept 2019	Sept 2019 to Sept 2020
This fund	3.5%	16.5%	5.4%	-0.2%	6.1%
Benchmark	7.0%	17.7%	2.0%	5.1%	-7.3%

Source: Lipper, year on year. 30.09.15 to 30.09.20 bid to bid with net income reinvested.

What’s the benchmark?

The fund’s benchmark is the MSCI Europe Index as shown in the fund’s Key Investor Information (PDF, 118 KB) document. This index represents the performance of hundreds of shares across Europe.

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.

Ten Years

If you had invested £10,000 in the Virgin Climate Change Fund on 30 September 2010, it would be worth £18,415 after charges on 30 September 2020.

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	1.3%
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.

Apply for your ISA

Make sure you read and keep

PDF opens in a new window Terms & Conditions (PDF, 410 KB)

You'll need your:

National Insurance Number
Bank details (for regular payments) or your debit card details (for lump sum payments).

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If you would like to talk to us, just give us a call.

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.

Take a look at our other funds