The Fund gives charities access to a fixed income portfolio allowing them to maximise returns with a relatively low risk approach.
By investing in the Fund your charity will gain the benefits of a well diversified portfolio of government bonds, corporate bonds and cash.
The fund seeks to increase yield through exposure to Corporate Bonds.
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.
| Gilts | 75 - 89% |
| Corporate Bonds | 10 - 24% |
| Cash | 1 - 10% |
| Fund type | Common Investment Fund |
| Launch date | 31 Aug 01 |
| 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 | 0.15% |
| Management fee | 0.20% p.a. |
| Corporate trustee fee | 0.04% p.a. |
| Minimum investment | £1,000 |
| Fund size (as at 31.12.11) | £22.8m |
| 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
