About the fund
The fund aims to provide a high level of capital security and a competitive yield.
The fund is categorised as a short-term low volatility net asset value money market fund under the Money Market Fund Regulation.
Sustainability approach
We believe that the primary role of sustainable investment is to drive positive change and this is best achieved by pushing companies to do more to address the major challenges facing us today. The fund is managed in line with our sustainability approach for cash funds.
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 is an actively managed, diversified short term fund that invests in sterling denominated money market deposits and instruments.
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.
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.
In addition to the general risk factors outlined in the scheme particulars, depositing charities should also note that making deposits in the COIF Charities Deposit Fund is not the same as making a deposit with a bank or other deposit taking body and is not a guaranteed investment. Although it is intended to maintain a constant net asset value, there can be no assurance that it will be maintained. Notwithstanding the policy of investing in short-term instruments, the value of the deposits may also be affected by fluctuations in interest rates. The COIF Charities Deposit Fund does not rely on external support for guaranteeing the liquidity of the fund or stabilising the net asset value. The risk of loss of principal is borne by the depositing charity.