Fund Rationale: Schroder ISF Global Climate Change Fund

Schroder ISF Global Climate Change Fund (the “Fund”)
SGD A Accumulation Shares (ISIN: LU0312595415)
Fund Manager Page

Endowus have selected the Fund for its robust investment process focusing on capturing opportunities arising from climate change issues, its experienced and stable management team, and its  proven track record.

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Key Information

Fund Objective: 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.

Suitability: Investors who wish seek capital growth by investing in equities of global companies that recognise the threats of climate change and embrace the challenges early, and will ultimately benefit from long-term structural growth.

Cost:
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* Total Fund-level Fees include fund management fee of 1.50%.
** Endowus do not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 29 June 2007
Share Class Inception: 10 August 2007
Benchmark: MSCI World

Fund AUM: SGD 3.7bn
Source: MorningStar as of 12 January 2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation:

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Sector Allocation:

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Source: MorningStar as of 30 September 2020. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.

Selection Criteria

Endowus have selected Schroders ISF Global Climate Change Fund for its robust investment process focusing on capturing opportunities arising from climate change issues, its experienced and stable management team, and its  proven track record. The Fund’s management team consists of 3 portfolio managers and 2 climate change specialists, supported by over 100 analysts from Schroders’ Global and International Equity team. Simon Webber has been the lead portfolio manager of the Fund since its inception in 2007, and has over 20 years of investment management experience. 

Schroders have over 12 years of clear thought leadership on the investment implications of climate change, and have developed a robust, ESG-integrated investment process focusing on this theme. The portfolio management team identify key themes relating to climate change, such as clean energy, energy efficiency, environmental resources, and sustainable transport, and names that would benefit from various transitions that happen within each theme. The team then conduct bottom-up fundamental analysis on each company, considering factors such as growth gap, valuation, and other ESG factors using their proprietary framework. The Fund also employs an exclusion list that prohibits investment in the traditional energy sector (e.g. oil and gas, shale oil, etc), tobacco companies, and weapon manufacturers. 

This results in a high-conviction portfolio of 40 to 70 names with a slight tilt to growth. The strategy has delivered superior risk-adjusted returns relative to its global peers in the Morningstar “Sector Equity Ecology” category.

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Updated by Endowus: January 2021

** Disclaimer: Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Any opinions expressed reflect a judgment at the original date of publication by us and are subject to change without notice.
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