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LU2275660780

Schroder ISF Global Climate Change Fund(LU2275660780)

Equities
Global
HKD Cash
Accumulating

Invest with

HKD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to provide capital growth by investing in equity and equity-related securities of companies worldwide which the investment manager believes will benefit from efforts to accommodate or limit the impact of global climate change.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

One of the first funds to incorporate a climate change focus, incepted in 2007. A diverse portfolio of companies whose long-term outlook will be positively impacted by the mitigation of and adaptation to climate change. Invests across all sectors, except for some exclusions highlighted in the Process section below. Incorporates 5 key themes: (1) clean energy, (2) sustainable transport, (3) environmental resources, (4) low carbon leader, and (5) energy efficiency.

People

Lead PM Simon Webber has been managing the strategy since inception, and has more than 20 years of industry experience. He is supported by Co-Lead PM Isabella Hervey-Bathurst, who started as an analyst in the strategy in 2014, and later became PM in 2020. Leverage on Schroders' global equity analysts, with deep investing expertise in technology, energy, utilities, materials, automotive, etc, which are the sectors especially relevant for a climate change strategy. In-house climate change specialist Andrew Howard (Head of Sustainability Research) provides input on ESG integration and company engagement efforts.

Performance

Attractive long-term risk-adjusted returns relative to peers in Morningstar's "Sector Equity - Ecology" category. This category has increasingly grown in popularity over the last 3 years, and the Fund has successfully been defending its leading position.

Process

Invests across all sectors, as the team believes that climate change will impact every company. However, the Fund is prohibited from investing in the traditional energy sector (e.g. oil and gas, shale oil, etc), tobacco companies, and weapon manufacturers. Candidates are firstly evaluated for their relevance to the five key themes, and then assessed for their potential for future growth, current valuation, and other ESG factors using Schroders' proprietary framework. Portfolio companies are put under ongoing engagement to improve their impact on climate change.

Cost

Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Global warming is an undeniable reality that profoundly impacts economies and companies. We recommend the Fund for investors looking into investing in companies that attempt to tackle or adapt to climate change - these companies are believed to be able to sustain their long-term growth amidst the changing environment. Has a natural growth tilt given the Fund's focus on investing in companies producing new climate change solutions; may experience volatility during risk-off markets. Investors are reminded to use this Fund in tandem with a globally and sectorally diversified investment portfolio.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

14.81%

YTD

-0.76%

1 month

-7.02%

6 month

3.50%

1 year

28.25%

3 year

28.22%

5 year

13.26%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-33.20%As of Mar 2026

Volatility

17.22%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	4.8%	1.8%	-7.0%	-	-	-	-	-	-	-	-	-
2025	23.7%	3.5%	-3.6%	-4.0%	1.5%	8.5%	4.8%	3.1%	1.6%	2.6%	3.7%	-0.1%	0.7%
2024	2.8%	-3.4%	3.8%	4.1%	-1.6%	4.5%	-2.3%	1.3%	0.6%	5.0%	-5.2%	-0.2%	-3.1%
2023	11.6%	8.8%	-2.1%	3.1%	-2.0%	1.0%	3.8%	2.4%	-4.6%	-6.1%	-7.8%	10.0%	6.3%
2022	-25.0%	-10.5%	-1.8%	3.2%	-9.3%	-0.7%	-11.2%	9.7%	-3.3%	-11.5%	4.7%	8.3%	-2.9%
Load more		5 of 6

Top Exposures

Holdings

Regions

Sectors

Alphabet Inc Class A	6.10%
Microsoft Corp	4.63%
Analog Devices Inc	3.63%
Vestas Wind Systems AS	3.24%
Amazon.com Inc	2.99%
NextEra Energy Inc	2.94%
Contemporary Amperex Technology Co Ltd Class A	2.89%
Iberdrola SA	2.60%
Chroma Ate Inc	2.52%
The Kroger Co	2.33%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.84%1.47% p.a.

Save 20%

Fund facts

ISIN

LU2275660780

Fund house

Schroders

Fund size

HK$18.6B

As of 29 Apr 2026

Fund inception date

14 Jan 2021

Fund class currency

HKD

Oldest share inception date

29 Jun 2007

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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