VIRGIN CLIMATE CHANGE FUND

Invests in companies that have a lighter environmental footprint. Actively managed by MAN GLG - a fund management group with over $151bn 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.
Virgin has appointed MAN GLG as Investment Adviser to the Fund, for their stock picking expertise.

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%.

Important news about some changes we’re making to this fund in July 2022. Find out more about changes to this fund

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

This fund invests 100% in shares, and at least 80% of those companies within Europe.

This fund aims to provide growth specifically from companies who have a commitment to positive environmental business practices.

Around 75% of fund has money in shares with a ‘green filter’. Companies which have a better than average environmental footprint.
Up to 15% of your money is invested in hand picked companies who lead their industries in environmental best practice.
Up to 10% is invested in companies developing, manufacturing and providing innovative products and solutions to environmental problems.

This fund is actively managed to ensure the green credentials are met. Shares offer higher potential returns but with a higher risk of ups and downs than assets like bonds. This can impact the amount you get back. Investing in smaller and more innovative companies can also offer higher risk and potential reward.

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

Which regions?

The following is up-to-date as of 31 March 2022

68.7%	Europe (excluding UK)
15.7%	UK
8.3%	North America
7.3%	Other (including cash)

Top shares

The following is up-to-date as of 31 March 2022

5.1%	AstraZeneca Plc
4.7%	Roche Holding AG
4.1%	Lloyds Banking Group
4.1%	Apple Inc
4.1%	EssilorLuxottica
3.8%	EDP Energias de Portugal
3.8%	Credit Agricole Group
3.7%	UBS Group
3.6%	Sanofi SA
3.5%	Reckitt Benckiser Group Plc

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.

	March 2017 to March 2018	March 2018 to March 2019	March 2019 to March 2020	March 2020 to March 2021	March 2021 to March 2022
Virgin Climate Change Fund	9.9%	2.4%	-13.3%	39.7%	5.3%
Benchmark	2.0%	4.3%	-13.3%	34.5%	7.9%

Source: Lipper, year on year. 31.03.17 to 31.03.22 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.

If you had invested £10,000 in the Virgin Climate Change Fund on 31 March 2017, it would be worth £14,341 after charges on 31 March 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	1.3%
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)

Important news about some changes we’re making to this fund in July 2022. Find out more about changes to this fund

You'll need your:

National Insurance Number
Bank details (for regular payments) or your debit card details (for one-off payments).

Please make sure you’ve seen the PDF opens in a new window Key Investor Information for this fund.

To apply for your ISA, just give us a call on

03456 10 20 20

Or, you can apply by post. Simply download and complete:

PDF opens in a new window Stocks and Shares ISA application form
PDF opens in a new window Download Direct Debit form and complete the Direct Debit form. Alternatively, if you’re opening your account with a cheque please make it payable to Virgin Money and write your name and postcode on the back.
Send to us at: Freepost Virgin Money, PO Box 9522, Chelmsford, CM99 2AB

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