Our funds

Common Investment Funds / Charity Authorised Investment Funds

Our suite of four Common Investment Funds (CIFs), authorised by the Charity Commission, is designed specifically for charities.

Subject to investor approval, we will be moving these funds into a Charity Authorised Investment Fund (CAIF) structure. These CAIFs will be launched later this year. Please contact us for further details.  

There are two main benefits of CAIFs over CIFs

Stronger financial regulation: CIFs are not regulated by the FCA, so the new CAIF structure was introduced to strengthen the financial regulation of charity funds whilst retaining their charitable status. CAIFs are regulated by both the FCA and the Charity Commission.

Lower costs: The transition to an authorised fund structure means that the investment management fee will become VAT exempt, saving you an additional 20% charge on the fee.

A charity with a minimum investment of just £1,000 can purchase units. Only charities in England, Wales, Scotland and Northern Ireland may invest in them.

Dedicated fund range

The Charity Multi-Asset Fund encapsulates our comprehensive multi-asset approach. We have two UK Equity funds with complimentary styles. Our UK Bond fund seeks to generate attractive regular income and outperform UK government bonds.  

 

The Charity Responsible Multi-Asset Fund

We are also pleased to announce the launch of our new fund, the Charity Responsible Multi-Asset Fund in June. It will follow a multi asset approach to investment, targeting inflation plus 4%. The fund benefits from Schroders’ market leading responsible investment team, and adopts an integrated approach, examining environmental, social and governance factors as part of the investment process; and using our influence to promote best practise by the companies in which we invest. This sits alongside an ethical screen to ensure the fund does not invest in areas of common ethical concern.  

The Charity Multi-Asset Fund

Fund team: Tom Montagu-Pollock, Kate Rogers, Nathalie Krekis

Fund aim: The Charity Multi-Asset Fund is a long-term investment fund with a diversified strategy investing in equities, bonds, property and alternative assets.

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The Charity Equity Fund

Fund managers: Nick Kirrage, Kevin Murphy, Andrew Lyddon 

Fund aim: The Charity Equity Fund aims to achieve a rate of total return above that of the FTSE All Share Index on a rolling five year basis.

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The Equity Income Trust for Charities

Fund manager: Matt Hudson, Michael Zorko

Fund aim: The Equity Income Trust for Charities primarily aims to provide a high and steady level of income by investing mainly in UK equities, targeting a yield of 30% in excess of the FTSE All-Share Index.

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The Income Trust for Charities

Fund manager: Alexander Smitten

Fund aim: 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.

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Other Funds

In addition to the above Charity only funds and as part of Schroders, we are able to also offer a broad range of other funds which may be of interest. They include regional equity, multi asset and a broad suite of fixed income funds amongst others.

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Sustainability

Cazenove Capital believes that companies have the ability to enhance their long-term performance through an understanding of the environmental, social and governance (ESG) issues affecting their business.

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Applying to invest directly

Cazenove Capital's range of Common Investment Funds are available solely to UK-based charities.

Please click on literature request (or the link on the right hand side), or call Schroder Investor Services on 0800 718 777 to be able to request a specific Application Pack that includes the Key Information Document(s) for the fund(s) you wish to invest in. These include details about who can apply and the information you will need to register.  A step-by-step instruction guide on how to complete the application form is provided on the right hand side.

The Schroder Investment Services team is on hand to assist with queries regarding direct investments - please contact them on 0800 718 777 where replies will be dealt with promptly.

Please note, for your security, calls to Schroders may be recorded.

Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

Giles Neville

Giles Neville

Head of Charities giles.neville@cazenovecapital.com
John Clifton

John Clifton

Business Development Manager john.clifton@cazenovecapital.com