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
April 1990
Unit types
Income/Accumulation
Minimum initial investment
£1,000
Minimum subsequent investment
Nil
Dealing day
Every business day
Fund overview
The fund aims to provide 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.
Portfolio management of the fund has been delegated to Federated Hermes under the oversight of CCLA.
Sustainability approach
We believe that the primary role of sustainable investment is to drive positive change. The fund applies a number of investment restrictions in accordance with our values-based screening policy.
The FCA has introduced sustainable investment labels to help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label because it does not have a sustainability goal.
Read our summary of SDR, the investment labels and our overall approach. Fund-level information can be found here.
Investment approach
The fund will invest in a range of fixed and floating rate debt and/or debt related instruments issued by corporates and governments (government and public securities) including loans, inflation-linked securities, money market instruments and asset backed or other securitised products.
The fund is managed to ensure that its duration is less than 3.5 years, with the aim of reducing the effect of changes in interest rates on the fund’s value.
Who can invest?
Any charitable organisation in England and Wales, and any appropriate body in Scotland and Northern Ireland, that meets the definition of a charity as set out in Schedule 6 of the Finance Act 2010 and is recognised by HMRC as a charity for tax purposes may normally invest in the fund. This includes registered charities, exempt charities as well as charities not registered, such as some schools and academies.
If you are unsure whether you can invest in the fund, please contact Client Services.
Fund documents
Click download all for all the documents listed in this section. Alternatively, you may download 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 you read the scheme particulars 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.