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• Quilter Cheviot Climate Assets Balanced (Class B) Accumulation

Quilter Cheviot Climate Assets Balanced Class B - Accumulation (GBP)

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Income and accumulation units

With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.

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We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.00%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

Tax rules can change and benefits depend on individual circumstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

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Fund Objective

The Climate Assets Funds seeks to achieve long term capital appreciation and provide income by multi-asset allocation and multi-thematic investment. The Fund invests around the world with a focus on investment opportunities arising from the convergence of climate change, resource scarcity and population shifts.

Income Details

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 28 February 2022.

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Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 21 May 2024. Data provided by Broadridge, correct as at 31 March 2024.

Caroline has over 18 years of experience in the private client industry and 16 of those are with Quilter Cheviot where she has worked since 2006. She is the Deputy Fund Manager for the award-winning Climate Assets Funds. She also manages private client portfolios, working with clients directly or alongside advisers. Her investment qualifications and experience have led her to be a Fellow of the Chartered Institute for Securities & Investment (CISI). As a Chartered Accountant (FCA) Caroline is also a Fellow of the ICAEW. She read Human Sciences at St. Hilda's College, Oxford University graduating with a 2.1 in 1997 before starting her accountancy training at PricewaterhouseCoopers. In 2002 she also gained a Master's degree (distinction) in Environmental Technology from Imperial College specialising in Global Environmental Change and Policy.

Claudia has over 20 years of experience in Sustainable, Ethical and Responsible Investment and 13 of those are with Quilter Cheviot where she has worked since 2009. She is the Lead Fund Manager of our award-winning sustainable investment strategy, the Climate Assets Funds. She also manages investment portfolios on behalf of private clients, pensions, trusts, offshore bonds and charities with a focus on sustainable investment. Her investment experience and qualifications have led her to be a Chartered member of the Chartered Institute for Securities & Investment. Claudia holds an MBA from Cass Business School in London and a Chemical Engineering degree from the University of La Plata in Argentina. She currently sits on the International Equities Stock Selection Committee at Quilter Cheviot and she won Wealth Manager of the Year at the City of London Wealth Management Awards 2021.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

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Morningstar sustainalytics joins climate bonds's partnership programme.

Morningstar Sustainalytics joins Climate Bonds's Partnership  Programme 

UNITED KINGDOM/UNITED STATES OF AMERICA 21/05/2024: Morningstar  Sustainalytics has joined Climate Bonds Initiative's Partnerships Programme, helping to  strengthen Climate Bonds mission to develop the sustainable finance market. 

Partners within the Climate Bonds network play a crucial role in driving the evolution of  sustainable finance solutions. Through their active involvement in market development  and information initiatives, they foster connections with an extensive array of  stakeholders, including issuers, investors, corporations, and various participants in the  Climate Bonds Partners' network. 

Morningstar Sustainalytics is a leading global provider of environmental, social, and governance (ESG) research and ESG risk ratings, specializing in delivering insights that  enable investors and businesses to make informed decisions aligned with sustainability  goals. With a commitment to promoting responsible investing, Morningstar  Sustainalytics plays a pivotal role in advancing corporate transparency, driving positive  social and environmental impact, and shaping a more sustainable and ethical global  financial landscape. 

Barbara Lambotte, Head of Sustainable Fixed Income Research, Morningstar  Sustainalytics 

“We are so excited to collaborate more closely with Climate Bonds Initiative to help  support its mission to develop a large and liquid sustainable fixed income market. A  healthy green bond market helps to encourage investment in projects that facilitate a  global low carbon transition. We look forward to engaging with Climate Bonds.” 

Sean Kidney, Chief Executive Officer and Co-Founder, Climate Bonds Initiative:  

“Morningstar Sustainalytics is a global leader in supporting a sustainable future. We’re  thrilled to be deepening our collaboration on mobilizing institutional investment for  climate action.” 

<Ends>  

Climate Bonds contact:  

Luiza Mello  

Senior Communications Specialist

[email protected]  

Notes for journalists 

About Sustainalytics  

Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors  around the world with the development and implementation of responsible investment strategies. For  more than 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to  meet the evolving needs of global investors. Today, Morningstar Sustainalytics works with hundreds of  the world's leading asset managers and pension funds who incorporate ESG information and  assessments into their investment processes. The firm also works with hundreds of companies and their  financial intermediaries to help them consider material sustainability factors in policies, practices, and  capital projects. Morningstar Sustainalytics has analysts around the world with varied multidisciplinary  expertise across more than 40 industry groups. For more information, visit www.sustainalytics.com 

About the Climate Bonds Initiative 

Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low  carbon economy. Climate Bonds undertakes advocacy and outreach to inform and stimulate the market,  provides policy models and government advice, market data and analysis, and administers an  international Standard & Certification Scheme for best practice in green bonds issuance. For more  information, please visit www.climatebonds.net . 

About the Climate Bonds Partners Programme 

Banks, institutional investors, private and non-governmental organizations (NGOs) and governments are  eligible to join as Climate Bond Partners to help grow a market of green and climate bonds. 

Partners support investor and stakeholder outreach and education projects centred on growing robust  and sustainable green bond markets that contribute to climate action and low carbon investment.  Partners assist in developing initiatives to grow investment in climate finance solutions, participate in  different market development committees and help define policy agendas for sector, country and sub national green bond development programs. 

A list of Partners is available here . 

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Disclaimer:  The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt instrument or investment product is for information purposes only. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.

The Climate Bonds Initiative is not endorsing, recommending or advising on the financial merits or otherwise of any debt instrument or investment product and no information within this communication should be taken as such, nor should any information in this communication be relied upon in making any investment decision.

Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of a designated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its compliance with national or international laws. A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for any investment an individual or organisation makes, nor for any investment made by third parties on behalf of an individual or organisation, based in whole or in part on any information contained within this, or any other Climate Bonds Initiative public communication.

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Geothermal Innovator XGS Energy Completes Oversubscribed $20M Capital Raise

VoLo Earth Ventures and Valo Ventures join Constellation Technology Ventures, Anzu Partners, and a group of blue-chip international industrials to accelerate commercialization of XGS’ transformative water-independent geothermal technology

XGS Energy , an innovator in next-generation geothermal energy technology, today announced that it has completed $20 million in additional Series A financing. The final close was led by Valo Ventures and VoLo Earth Ventures , and included financing from new investors B Current Impact Investment , MIH Capital , and individual inside investors, as well as additional funding from existing investor Thin Line Capital . This new financing builds on the $9.7 million round led by Constellation Technology Ventures earlier this year, and the $14M Series A investment led by Anzu Partners .

This financing will support XGS’ first commercial-scale project in California later this year and accelerate deployment of its proprietary water-independent geothermal technology across its global project pipeline. With over $40 million in total funding to date, XGS’s growing investor and partner network reflects the commercial promise of its technology and its potential to contribute to a clean, reliable, and affordable electricity grid.

“We designed the XGS system to address the root causes preventing geothermal from achieving the same scale as solar, wind, and battery storage, that the market simply wasn’t addressing,” said XGS CEO Josh Prueher. “When we listened to geothermal energy purchasers, financers, and communities, we heard meaningful concerns about the long-term performance, durability, and water consumption of geothermal energy projects. We’re proud to have designed a geothermal system that is truly water-independent and delivers a highly predictable and consistent energy supply over a decades-long lifetime.”

XGS’ upcoming North American prototype will demonstrate the commercial readiness and scalability of its Thermal Reach Enhancement™ (TRE) technology and further validate its proprietary predictive performance models. The prototype builds on the successful completion of more than 24 months of lab testing and is a key milestone for XGS’ first commercial projects in the Western United States, Japan, and the Philippines.

“As the power grid seeks to meet dramatic new demand growth while continuing to reduce carbon emissions, XGS’ ability to unlock 24/7 carbon-free energy close to demand is invaluable,” said Scott Tierney, Managing Partner at Valo Ventures. “We are impressed by the distinctive intellectual property XGS has developed and believe the company is uniquely positioned to scale globally.”

“The XGS team combines world-class power development experience and decades of oil and gas experience to unlock geothermal resources anywhere on the Earth,” said Joe Goodman, Managing Partner at VoLo Earth Ventures. “We are excited to partner with XGS to accelerate its next-generation geothermal energy technology and drive a global terawatt-scale development opportunity.”

“The scale and breadth of interest in this round reflects the unique ability of XGS technology to unlock geothermal scale and more importantly, financeability,” continued Prueher. “We are pleased to welcome these terrific new partners, whose support will allow us to further accelerate our learning curve and expand our global project pipeline.”

To learn more about XGS Energy, please visit https://www.xgsenergy.com .

About XGS Energy

XGS Energy provides Clean, Round-the-Clock Energy Everywhere, Forever. XGS's proprietary solid-state geothermal system uses thermally conductive materials to deliver affordable energy anywhere there is hot rock. The XGS system decouples geothermal energy production from its historical dependence on natural water resources and geological conditions, unlocking low-risk power project development, geographic flexibility, easier permitting, and faster deployment. XGS’s scalable, financeable geothermal energy approach is supported by leading investors globally including Anzu Partners, BlueScopeX, B Current Impact Investment, Constellation Technology Ventures, H&P, MIH Capital, Thin Line Capital, Valo Ventures, and VoLo Earth Ventures. Learn more and explore our open roles at https://www.xgsenergy.com .

About Valo Ventures

Valo Ventures is a thesis-driven venture capital firm investing in climate solutions in North America and Europe. We accomplish our mission—investing for a brighter future—by focusing on three domains: digitization, decarbonization, and adaptation. Valo champions entrepreneurs applying innovative technologies to create long-term economic and environmental value. Learn more at www.valoventures.org .

About VoLo Earth Ventures

VoLo Earth Ventures is an early-stage climate tech venture capital firm investing in the energy transition. VoLo Earth addresses our planet’s climate crisis at its roots by providing first-in funding and hands-on leadership to early-stage climate tech companies. We strive to grow, propagate, and capitalize on climate solutions with an intent to deliver superior investment returns and quantifiable carbon benefit. Learn more at https://www.voloearth.com/ .

About B Current Impact Investment

B Current Impact Investment, Taiwan’s premier impact VC fund, is a collaborative effort of 43 prominent leaders hailing from various backgrounds and professions in Taiwan and Silicon Valley. B Current fosters social innovation by connecting impact entrepreneurs with socially conscious capital. Our worldwide network enables us to help social enterprises enhance investability, scalability and sustainability. Together, we are building an inclusive and impactful ecosystem that will feed a vibrant river of change. Learn more at https://bcurrent.asia/en/ .

About MIH Capital

MIH Capital Management is venture capital firm that focuses on global early stage climate and sustainability technology investments. With partners coming from a variety of manufacturing and technology sectors, the firm seeks to support world changing innovation through investment and Asian market and supply chain support in the climate tech sector. Learn more at www.mih.capital .

About Thin Line Capital

Thin Line Capital is a seed-stage energy/sustainability venture capital firm started by Aaron Fyke, serial entrepreneur and cofounder of two clean energy unicorns. With explosive growth of renewable energy, electric vehicles, and technologies to help society manage the effects of climate change, Thin Line Capital is deploying their second fund to invest in, and actively support, the early-stage companies that will lead this unprecedented transformation. https://www.thinlinecapital.com/

Media Contact Brandon Reid for XGS Energy [email protected]

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521546993/en/

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