Key Highlights

  • The active fund holds 23 companies, with the top ten at 71.04% and Linde at 9.83%.
  • Industrials holds 55.60% and Utilities 22.48%, against 1.68% for the category.
  • The management fee is 0.90% and the fund size is $254.60 million.
  • The July 2026 distribution of $2.989 is lower than the $3.129 paid in July 2025.

Munro Climate Change Leaders Fund Active ETF (ASX:MCCL) invests 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 in and focus on decarbonisation. The strategy is designed to identify sustainable growth trends that the manager believes are under-appreciated and mispriced by the market. The fund was admitted to the ASX on 20 January 2022 and last traded at $17.21 on 13 October 2026.

Detail

Information

Ticker

ASX:MCCL

Fund

Munro Climate Change Leaders Fund Active ETF

Category

Equity World Large Blend

Benchmark

MSCI ACWI NR AUD

Fund size

$254.60 million

Management fee

0.90%

Total holdings

23

ASX admission date

20 January 2022

Concentrated holdings

The ten largest positions represent 71.04% of the fund. Linde leads at 9.83%, followed by NextEra Energy (8.70%), GE Vernova (8.22%), Siemens Energy (8.05%) and Clean Harbors (7.29%). NVIDIA holds 6.32%, Quanta Services 6.08%, Contemporary Amperex Technology 6.06%, RWE 6.01% and Johnson Controls 4.42%.

Cash is 5.88% and stocks 94.12%.

Sector and country exposure

Industrials holds 55.60%, against 10.60% for the category, Utilities 22.48%, Basic Materials 10.45% and Technology 9.80%, well below the 30.99% category weighting. The fund has no Financial Services, Healthcare or Communication Services weighting.

The United States accounts for 60.89%, Germany 18.03%, against 1.90% for the category, China 6.45%, Spain 3.21% and France 3.11%.

Fee, risk and distributions

The management fee is 0.90% a year. The fund reports a beta of 1.12 and a standard deviation of 20.30. The final distribution of $2.989 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 22 July.

That is higher than the $0.000 recorded in July 2024, $0.025 in July 2023 and $0.005 in July 2022, but lower than the $3.129 paid in July 2025.

Category classification and liquidity

Morningstar places the fund in the Equity World Large Blend category, which covers funds investing primarily in large companies listed around the globe, with the portfolio not defined by a single sector or region and the blend style applied where neither growth nor value characteristics predominate.

Liquidity indicators add a further view. There are 14,742,476 units on issue, and average daily trading volume is 55,310 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 2,900 to 15,500 units, with 13,525 recorded on 13 October while the market was still open. The bid-offer range stood at $17.18 to $19.41, and the day range at $17.13 to $17.26. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged a Quarterly Fund Update on 12 October, a Units on Issue and Redemption Disclosure on 9 October, a Monthly Fund Update on 8 October and Monthly Portfolio Holdings for August on 30 September. The Annual Report followed on 28 September.

Closing Perspective

MCCL is a concentrated climate-themed portfolio whose largest weights are in industrial, utility and electrical-equipment companies. The 0.90% fee, 20.30 standard deviation and uneven July distributions are part of its profile. These facts do not forecast outcomes.