Summary

MCCL.ASX is focused on creating a portfolio of climate winners that help enable the decarbonisation of the planet – those companies that are best positioned to champion and win from this structural change. The Munro Climate Change Leaders Fund was quoted on the ASX on 20 January 2022 with ticker MCCL.

Key facts

Investment

Global growth equities

Strategy

Climate - long only

Fund type

ASX quoted

Underlying Fund

Number of positions

15 - 25

Fund inception

20 January 2022

Minimum suggested investment period

5+ years

Pricing

Intraday iNAV

Distributions

Annual

Suitability

The Fund, quoted on the ASX under ticker MCCL, is designed for investors seeking a long term exposure to a portfolio of high quality global growth and climate change focused equities with the potential for capital gains.

The investment return objective of the Fund is to maximise long term capital appreciation, by investing primarily in a concentrated long-only portfolio of companies focused on decarbonisation and climate change located anywhere in the world.

The Fund aims to achieve a return greater than the MSCI All Country World Index (Net) in $A over a 5 to 7 year period.

The Fund will invest in a concentrated portfolio of 15 to 25 listed equities across a range of industries and countries whose earnings prospects should improve with increased investment and focus on decarbonisation.

How it's different

In comparison to many other climate funds that focus on index weighted net-zero businesses, the Munro Climate Change Leaders Fund (Managed Fund) is built on a concentrated long-only portfolio of 15 to 25 companies combatting climate change.

Each of Munro’s funds are focused on finding global structural growth winners, however the MCCL.ASX is focused on creating a portfolio of climate winners that help enable the decarbonisation of the planet – those companies that are best positioned to champion and win from this structural change.

MCCL.ASX offers investors the opportunity to invest in a concentrated portfolio of listed equities across a range of industries and countries whose earnings prospects should improve with increased investment and focus on decarbonisation.

It comprises a high conviction portfolio climate positions that aims to outperform the MSCI over a 5 to 7 year period.

The investment strategy is designed to identify sustainable growth trends that are under-appreciated and mispriced by the market, and the resulting winning stocks.

It provides access to a high-quality, Australian-based investment management team with a proven track record of running international equity mandates for clients.

It has a disciplined investment process that utilises a proprietary stop loss review framework and price targets.

The Munro team invests in the Fund, creating a strong alignment of interests between Munro and our clients.

TOP 5 HOLDINGS
As of 30 June 2022
As of 30 June 2022

NextEra (US)

9.1%

Waste Management (US)

7.8%

Nutrien (US)

6.6%

Tesla (US)

6.2%

Const. Energy (US)

6.1%

Full portfolio (lag)

RegionAL Exposure
As of 30 June 2022

United States

72%

Europe

27%

Cash

1%

Areas of interest
Performance
Unit pricing