The Fund's aim is to achieve a yield consistent with that obtained from higher grade non-government sterling bonds.
A diversified portfolio concentrates on higher grade corporate, supranational and other non-gilt sterling denominated fixed interest securities. Between 55% and 85% of the portfolio will be invested in bonds with a credit rating of AA or better.
Businesses wholly or mainly involved in alcohol, armaments, gaming, pornography or tobacco will be excluded from the fund. Other matters such as environmental performance, corporate governance and social justice issues are also reviewed when making investment decisions. The fund will suit charities for whom these issues are of importance. Read more about our ethical investment process
The first Common Investment Fund to provide exclusive exposure to corporate and other non-government bonds.
| AAA | 20 - 40% |
| AA | 30 - 50% |
| A | 15 - 35% |
| BBB | 0 - 10% |
| Other secured | 0 - 15% |
| Cash | 0 - 5% |
*Credit rating
| Fund type | Common Investment Fund |
| Launch date | 1 October 2009 |
| Valuation dates | Last, 10th and 20th of month |
| Dealing dates | 1st, 11th and 21st of month |
| Ex-distribution dates | 31 Jan, 30 Apr, 31 Jul, 31 Oct |
| Distribution dates | 15 Mar, 15 Jun, 15 Sep, 15 Dec |
| Initial charge | None |
| Dilution levy | 0.45% |
| Management fee | 0.25% p.a. |
| Corporate trustee fee | 0.04% p.a. |
| Minimum investment | £1,000 |
| Fund size (31.12.11) | £100.7m |
| Yield & price | Click here |
All charities in England, Wales, Scotland and Northern Ireland may invest.
Contact us for further information or to discuss how the Affirmative Funds could add to your charity's broader investment strategy.
These funds are designed for long term investors. While we hope that unit values and distributions will rise, prices and dividends can and do fall. The Funds will not therefore be suitable for you to use if you cannot accept the possibility of capital losses or reduced income. Units will only be realizable on the dealing dates which will occur fortnightly. Read more
