Important Legal Information and Risk Warnings

CCLA Investment Management Limited (Registered in England No. 2183088) is authorised and regulated by the Financial Services Authority (FSA) under the Financial Services and Markets Act 2000 (FSMA). VAT Registration Number 480867903

Whilst CCLA Investment Management Limited uses all reasonable efforts to ensure that the information on this website is accurate and up to date, no representations or warranties are given as to the reliability, accuracy and completeness of the information on this website. CCLA Investment Management Limited accepts no liability for any damage or loss including loss of profit whether direct, indirect or consequential in respect of the use of this web site or its content. However, we do not exclude or restrict any liability that we may have under the United Kingdom Financial Services and Markets Act 2000.

Nothing contained on this website constitutes investment advice and it is important that you do not rely upon its content to make investment decisions. This website should not be regarded as constituting a distribution or an offer or solicitation to sell shares or units in any of the funds managed by CCLA Investment Management Limited outside of the UK.

The CBF Church of England Funds

Risk Warning
Please remember that the value of the CBF Church of England Investment, Fixed Interest Securities and Property Funds’ shares and their income, can fall as well as rise and an investor may not get back the amount originally invested. Past performance is no guarantee of future returns. The Investment Fund’s share value will reflect fluctuations in the share prices and currency exchange rates. The Fixed Interest Securities Fund’s income yield is an indication of the expected level of income. The corresponding gross redemption yield is an estimate of total return over the long term. The Fixed Interest Securities Fund's income and gross redemption yields are not guaranteed and will change over time, due to changes in interest rates and the average maturity date of the securities held by the Fund. When the Fixed Interest Securities Fund's income yield is higher than the gross redemption yield, income is being paid at the expense of capital. The shares in the Investment Fund and the Fixed Interest Securities Fund are intended only for long-term investment and are not suitable for money liable to be spent in the near future. They are realisable only on each weekly valuation date. The Property Fund’s share value will reflect fluctuations in property values. The shares are intended only for long-term investment and are not suitable for money liable to be spent in the near future. They are realisable only on each monthly valuation date and a period of notice of up to six months may be imposed for the redemption of shares. The CBF cannot give guarantees regarding repayment of deposits in the Deposit Fund but undertakes to exercise reasonable care in placing of deposits. The daily deposit rate will fluctuate. Past performance is no guarantee of future returns.

Eligibility - Any charitable trust with objects connected with the work of the Church of England may normally invest in the Funds. The Manager is required under the Church of England Investment Measure 1958 and under the Money Laundering Regulations 2003 and the FSA money laundering rules to satisfy itself as to the identity of participants. Any Church of England charitable trust applying to participate must give a declaration of eligibility with proof, if required, to invest in the Funds.

Compensation Information - Investments in the CBF Church of
England Investment, Fixed Interest Securities,UK Equity and Property Funds are not covered by the Financial Services Compensation Scheme.
CCLA will pay fair compensation on eligible claims arising from its negligence or error in the management and administration of the Funds.

Deposits in the CBF Church of England Deposit Fund are not covered by the Financial Services Compensation Scheme. CCLA will pay fair compensation on eligible claims arising from its negligence or error in the management
and administration of the Fund.

The COIF Charity Funds

Risk Warning
The value of the COIF Charities Property, Investment and Fixed Interest Funds units and the income from them can fall as well as rise and an investor may not get back the amount originally invested. Past performance is no guarantee of future returns. The Property Fund's unit value will reflect fluctuations in property and share values. The Investment Fund's unit value will reflect fluctuations in share prices and currency exchange rates. The Fixed Interest Fund's income yield is an indication of the expected level of income. The corresponding gross redemption yield is an estimate of total return over the long term. The Fixed Interest Fund's income and gross redemption yields are not guaranteed and will change over time, due to changes in interest rates and the average maturity date of the securities held by the Fund. When the Fixed Interest Fund's income yield is higher than the gross redemption yield, income is being paid at the expense of capital.

The Property Fund's units are intended only for long-term investment by larger charitable trusts and are not suitable for money liable to be spent in the near future. They are realisable only on each month-end date and a period of notice not exceeding six months may be imposed for redemption of the units. The Investment Fund and Fixed Interest Fund's units are intended only for long-term investment and are not suitable for money liable to be spent in the near future. They are realisable only on each weekly valuation date.

The Trustees of the COIF Charities Deposit Fund cannot give guarantees regarding repayment of deposits in the Deposit Fund but undertake to exercise reasonable care in placing of deposits. The daily deposit rate will fluctuate. Past performance is no guarantee of future returns.

Eligibility
Any charity within the meaning of the Charities Act 1993 may invest in the COIF Charity Funds unless precluded by a specific provision in its governing instrument. The Manager is required under the Money Laundering Regulations 2003 and the FSA money laundering rules to satisfy themselves as to the identity of participants. Any charity applying to participate must give a declaration of eligibility.

Additional Information
Each Unitholder will receive annual Reports and Accounts within three months of the end of the relevant period and half-yearly Reports and Accounts within two months of the end of the relevant period. Under the FSA Conduct of Business Rules, a Unitholder in the COIF Charities Property, Investment and Fixed Interest Funds is entitled to request an unaudited periodic report to be provided within 25 days after the end of the period to which it relates.

Taxation
Benefits anticipated in the COIF Charities Property Fund may be affected by changes in UK tax legislation.

Financial Services Compensation Scheme
In the event of the COIF Charities Investment, Fixed Interest and Property Funds, the Trustee and the Manager, either jointly or severally, being unable to meet their obligations, the unitholders may be entitled to some compensation under the Financial Services Compensation Scheme, under the Financial Services and Markets Act 2000. Further details of the compensation scheme are available upon request from the Manager.

Deposits in the COIF Charities Deposit Fund are not covered by the Financial Services Compensation Scheme. CCLA will pay fair compensation on eligible claims arising from its negligence or error in the management and administration of the Fund.

The Local Authorities' Property Fund

Under the provisions of the FSMA, LAMIT, as Trustee of the Fund, is not considered to be operating the Fund by way of business. In consequence, it is not required to be regulated by the FSA and the members of LAMIT are not required to be authorised by the FSA for this purpose. This extends to CCLA in respect of its administrative, registrar and company secretarial functions for the LAMIT Fund. The property management which refers to real property is outside the scope of the FSMA.

Risk Warning
Please remember that the value of the Fund’s units and the income from them can fall as well as rise and a local authority may not get back the amount originally invested. Past performance is no guarantee of future returns. The unit value will reflect fluctuations in property values. The units are intended only for long-term investment and are not suitable for money liable to be required to be spent in the near future. They are realisable only on each monthly valuation date and a period of notice, not exceeding six months, may be imposed for the redemption of units.

Eligibility -The units of the Fund can only be issued to and owned by local authorities in England, Wales, Scotland and Northern Ireland. The Fund is primarily intended for local authority pension fund monies but, subject to investment powers, can also be used for other types of long-term monies controlled by local authorities. The Manager is required under the Money Laundering Regulations 2003 and FSA money laundering rules to satisfy themselves as to the identity of participants in the Fund.

Compensation Information - Investments in the Local Authorities’ Property Fund are not covered by the Financial Services Compensation Scheme. CCLA will pay fair compensation on eligible claims arising from its negligence or error in the management and administration of the Funds.

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