The Income Trust for Charities
The Income Trust for Charities aims to provide a high and steady level of income through investing mainly in UK government and other fixed interest securities, or derivatives thereof. The Manager aims to outperform the FTSE All Stocks Index on a total return basis after costs over rolling five year periods.
|Launch date||31 October 1997|
|Benchmark||FTSE All Stocks Index|
|Distribution dates||15 March, 15 June, 15 September and 15 December|
|Ex-distribution dates||31 January, 30 April, 31 July, 31 October|
|Type of unit||Accumulation and Income|
|Dealing||Daily (12:00 GMT)|
|Ethical Restrictions||Ex tobacco|
As of 16 January 2015, the units in the Charity Fixed Interest Fund have been replaced by units in the Income Trust for Charities. The larger combined fund benefits from economies of scale and thereby a reduction in administration expense. The investment objective of the funds is comparable, with the Income Trust for Charities benefiting from more flexible investment parameters, something that we are attracted to in the current market environment. We therefore believe the merger is in our charity clients' best interests.
Annual management 0.3%