Triodos Global Equities Impact Fund

The Triodos Global Equities Impact Fund is an actively managed fund that invests mainly in shares of larger listed companies in developed countries, choosing businesses whose products or services contribute to at least one of five transitions: resource, energy, food, societal or wellbeing. It is a sub-fund of a Luxembourg fund structure, and Triodos Investment Management BV manages it¹.

It is one of four Triodos impact investment funds, and you buy it through the Triodos Mobile Banking App or Internet Banking rather than through a general investment platform¹. Triodos says you can invest from £25 a month through a regular monthly investment, or from £250 as a lump sum or top-up, while the fund's own key document gives a minimum investment of £300 for the share class it covers².

There is no entry fee, no exit fee and no performance fee². Triodos also charges an annual service charge on holdings in its Impact Investment Account or Stocks and Shares ISA, at a rate that depends on the size of your holding³.

What it is and who it is for

The fund is an open-ended fund and a sub-fund of a Luxembourg SICAV, structured as an actively managed UCITS². It is domiciled in Luxembourg and authorised there, supervised by the Commission de Surveillance du Secteur Financier⁴. Its manager is Triodos Investment Management BV, and the fund is run by Arjan Palthe as lead manager with Sebastian Rojas Gualdron⁴.

It has sustainable investment as its objective, classified as article 9 under the Sustainable Finance Disclosure Regulation, and it excludes issuers that do not meet the Triodos sustainability standards². The investment approach is to hold equities issued by larger listed companies worldwide that deliver strong social and environmental performance within their sector as well as strong financial performance¹.

It is available to retail and institutional investors through all distribution channels, with or without advice². In practice, a UK consumer reaches it through a Triodos Impact Investment Account or a Triodos Stocks and Shares ISA³. It sits alongside the Triodos Pioneer Impact Fund, the Triodos Sterling Bond Impact Fund and the Triodos Future Generations Fund, which together make up the four impact investment funds Triodos offers³.

The fund's key information document recommends a minimum holding period of five years and states that the fund may not be appropriate for investors who plan to withdraw their money within five years⁴. That is a statement about the fund's own risk profile, not a rule that stops you selling earlier.

How it works

The fund mainly invests in equities of companies in developed countries whose products or services contribute to at least one of the resource, energy, food, societal or wellbeing transitions². At least 67% of its net assets are invested in shares of large cap companies, with up to 33% in small and mid cap companies⁴. It is actively managed, and it compares its returns with the Bloomberg Developed Markets Index, which it does not aim to replicate or outperform⁴.

The fund is valued daily⁶. Its assets are held with a separate company, a depositary, CACEIS Bank, Luxembourg Branch, so the fund's ability to pay out would not be affected by the insolvency of Triodos Investment Management². The assets and liabilities of each sub-fund are segregated by law, meaning there is no cross-liability, and a creditor of one sub-fund has no recourse to the other sub-funds².

Two features matter for how the fund behaves in practice. First, it does not hedge the currency risk of its investments, so movements between sterling and the currencies its holdings are denominated in feed straight into the fund's value⁴. Second, a redemption gate may be applied to protect the interests of existing shareholders, which means in stressed conditions the fund can limit how much can be withdrawn at once⁴.

The fund has no maturity date². It is available in two share classes, distribution and capitalisation: distribution shares may pay a dividend to their holders, whereas capitalisation shares capitalise their entire earnings⁴. The share class covered by the key information document is GBP Class K retail-distribution, ISIN LU0785617266².

How the fees and charges work

There are two layers of cost: what the fund itself charges, and what Triodos charges for holding it in an account.

The two figures come from different Triodos documents and are not reconciled there; the ongoing charges figure is the one that captures the total cost of running the fund.

There is no entry fee and no exit fee, both stated as GBP 0, and no performance fee². Transaction costs are given as GBP 1 on a GBP 10,000 example investment, an estimate of the costs incurred when buying and selling underlying investments, and the document notes the actual amount will vary².

That is a ceiling rather than the current charge.

At account level, Triodos charges an annual service charge on the value of holdings in a Triodos Impact Investment Account or Stocks and Shares ISA. The two rates apply to different slices of the same holding, not as alternatives.

Who can apply and how to apply

The fund is available to retail and institutional investors through all distribution channels, with or without advice². For a UK consumer, the practical route is a Triodos Impact Investment Account or a Triodos Stocks and Shares ISA, and you purchase shares through the Triodos Mobile Banking App or Internet Banking¹.

Triodos states you can invest from as little as £25 per month when setting up a regular monthly investment, or from £250 for a lump sum or top-up³. The fund's monthly document gives a minimum investment of £300 for the share class it covers⁶. If you set up a regular monthly investment, Triodos says you can cancel it at any time before the 10am dealing cut off through the app or Internet Banking³.

On ISAs, Triodos states that from 6 April 2024 customers no longer need to redeclare ISA eligibility before making further subscriptions, except those returning from living abroad³. The fund is also available in two share classes, distribution and capitalisation, so the choice between receiving a dividend and having earnings retained sits with you⁴.

If you already hold investments elsewhere and want to move them, the mechanics of transferring depend on the receiving account and the investments involved. Triodos publishes a current account switch guide for its banking products, but that covers current accounts rather than investment transfers⁸.

How your money is protected

The fund's assets are held with a separate company, a depositary, so the fund's ability to pay out would not be affected by the insolvency of Triodos Investment Management². The assets and liabilities of each sub-fund are segregated by law, meaning there is no cross-liability, and a creditor of one sub-fund has no recourse to the other sub-funds².

Beyond that structural separation, there is no compensation backstop. The fund's key information document states that your loss would not be covered by any investor compensation or guarantee scheme if the fund is terminated or wound up². Triodos states that the UK's Financial Services Compensation Scheme does not apply to the Triodos Impact Investment Funds⁵.

That is different from cash. Triodos states that FSCS protection will also cover cash held in investment accounts, but not the investments themselves⁹. Triodos also states that your cash is not held as a trustee under the Client Money rules¹⁰. The practical effect is that the value of your holding rises and falls with the market, and if the fund fails or is wound up, there is no scheme that makes the loss good.

The fund's key information document classifies it as 3 out of 7, a medium-low risk class, and notes that the risk and reward indicator is based on the volatility of the fund². It also states that the product may be exposed to risks such as concentration risk and currency risk, and that there is no protection from future market performance, so you could lose some or all of your investment². The risk indicator assumes you keep the product for five years⁶.

Problems, complaints and getting help

If something goes wrong with the fund itself, complaints go in writing to Triodos SICAV I, Attention: Complaints Handling Officer, 5, Allée Scheffer, L-2520 Luxembourg, or by email to TriodosIM@triodos.com¹¹. The same address and process appears across the Triodos fund documents¹¹.

If you are unhappy with the response, or Triodos has not sent you a final response within eight weeks of your original complaint, you have the right to take your complaint to the Financial Ombudsman Service¹⁰. Triodos's own terms say to raise complaints with Triodos first, and then refer to the Financial Ombudsman Service if the complaint is not resolved to your satisfaction⁸.

The Financial Ombudsman Service publishes quarterly complaints data by product. In the first quarter of 2026/27 it recorded 27 complaints about Help to Buy and Shared Equity Loans, and in the third quarter of 2025/26 it recorded 24 new complaints about Exchange Traded Funds¹⁴. Those figures are for other products and are not a measure of complaints about this fund; they show the kind of published data the ombudsman produces.

For free, impartial help with an investment or debt problem, MoneyHelper and the debt advice charities offer guidance at no cost. If a complaint is about advice you were given, the ombudsman can look at that too, and the fund's documents note that the fund is available with or without advice².