Fixed interest investments policy

From 10 June 2022, the COIF Charities Fixed Interest Fund and the CBF Church of England Fixed Interest Securities Fund will avoid investment in companies that are identified by the agreed data provider as:

  • producing landmines, cluster bombs, chemical/biological weapons, and/or nuclear weapons
  • having significant involvement (more than 10% of turnover) in alcohol, gambling, non-military weapons, strategic military sales, or high interest rate lending (defined as any company, whose main business activity or focus (defined as exceeding 10% of group turnover) is the provision of home collected credit (‘doorstep lending’), unsecured short-term loans (‘payday loans’) or pawnbroker loans, directly or through owned subsidiaries)
  • having significant involvement (more than 3% of turnover) in adult entertainment
  • having fallen behind the transition to a low carbon economy
  • testing cosmetics on animals (applies to companies in the ‘Personal Products’ Global Industry Classification Standard Sub-Industry; due to regulatory requirements in some countries, exceptions will be made for companies that are identified as promoting alternatives to animal testing and which adopt a rigorous, responsible, animal testing policy)
  • those that do not meet the FTSE4Good Index screen for baby milk substitutes or screening for single-use abortifacients (these restrictions are implemented to reflect the unitholders’ wishes to cooperate with each other to meet the specific requirements of some unitholder groups)
  • having involvement in the production of abortifacients.

In addition, the funds will not purchase sovereign debt from countries agreed by CCLA and the Advisory Committee as being among the world’s most oppressive.

The full policy is available to download.