Transfer agency and fund changes notification
We would like to notify you of changes to accounts administered with CCLA that will take effect from 20 November 2023.
For full details of these changes, please click here.
Please note, from 20 November 2023 the prices shown are daily.
Launch date
April 1990
Unit types
Income/Accumulation
Minimum initial investment
£1,000
Minimum subsequent investment
Nil
Dealing day
Every business day
Dilution adjustment on net subscription
0.188%
Dilution adjustment on net redemption
0.188%
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
We confirm that the fund is managed in accordance with the policy set by the board.
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 defined within the meaning of the Charities Act 2011 can invest in the fund, providing its powers permit.
Click download all for all the documents listed in this section. Alternatively, you may download individual documents.
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.