The CBF Church of England Short Duration Bond Fund

Please note, from 20 November 2023 the prices shown are daily.
Capital at risk. Past performance is not a reliable indicator of future results. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money.

Key facts

Launch date
February 1977
Unit types
Minimum initial investment
Minimum subsequent investment
Dealing day
Every business day

Fund overview

The fund’s investment objective and investment policy formally changed on 27 July 2022 to allow for a wider range of fixed interest securities and instruments. Portfolio management of the fund has been delegated to Federated Hermes under the oversight of CCLA and fund management remains the responsibility of CCLA. Performance up to 27 July 2022 reflects the previous investment strategy. These changes will be reflected in the fund’s Q3 2022 fact sheet.

Fund objective

Aims to generate a total return (income plus capital growth) of cash (represented by SONIA) plus 1.75% per annum (net of fees and expenses) when measured over a rolling three year period. There is no guarantee that the investment objective of the fund will be achieved over any time period. Capital is at risk.

Fund policy

CCLA supports the Church of England’s Ethical Investment Advisory Group (EIAG). EIAG policies are available at

Fund suitability

Suitable for charities with an investment horizon of at least three years, seeking returns from a portfolio of global fixed income securities and derivatives.

Who can invest?

Any charitable organisation with objects closely connected to the work of the Church of England.


Fund documents

For Diocese use only

Click the icon to download all the documents listed in this section. Alternatively, you may download the individual documents.

Ready to invest?

We're delighted you've chosen to invest with CCLA. Get the process underway by downloading our application form.

Whether you are a new investor to CCLA or topping up an existing account, please ensure that you read the fund’s scheme information and key information document (KID). The KID can help investors understand the nature, risks, costs, potential gains and losses of the fund, and compare the fund with other products.

Looking for other documents? Click here to visit our client documentation page.