Managed funds
Risk warning
These CFB Funds are designed for long term investors. While we hope that unit prices will rise, prices can and do fall. They are not suitable for you if you cannot accept the possibility of capital losses.
Managed Equity
Fund
Investment objective
Over rolling five year periods, to achieve through holdings in the CFB UK Equity and Overseas funds a total return equal to or in excess of a composite index measuring the constituent asset classes.
Investment parameters
(reviewed annually)
| UK Equity Fund | 80-90% |
| Overseas Fund | 10-20% |
| Dealing surcharge | 0.30% of unit value |
Summary of investments and other assets
as at 28 February 2010
| 1 UK Equity Fund | 83.7% |
| 2 Overseas Fund | 16.3% |
Managed Fixed Interest
Fund
Investment objective
Over rolling five year periods, to achieve through holdings in the CFB Gilt, Corporate Bond and Short Fixed Interest funds a total return equal to or in excess of the UK Government fixed interest market.
Investment parameters
(reviewed annually)
| CFB Gilt Fund | 30-50% |
| Corporate Bond Fund | 5-15% |
| Short Fixed Interest Fund | 40-60% |
| Modified duration | 4.7-7.8 years |
| Dealing surcharge | 0.10% of unit value |
Summary of investments and other assets
as at 28 February 2010
| 1 Gilt Fund | 40.0% |
| 2 Corporate Bond Fund | 12.0% |
| 3 Short Fixed Interest Fund | 48.0% |
Modified duration of fund 6.4 years
Managed Mixed
Fund
Investment objective
Over rolling five year periods, to achieve through holdings in the CFB UK Equity, Overseas, Gilt, Corporate Bond, Short Fixed Interest, Inflation Linked and Property funds a total return equal to or in excess of a composite index measuring the constituent asset classes.
Investment parameters
(reviewed annually)
| Equities and Inflation Linked Securities | 60-80% |
| – UK Equity Fund | (50-70)% |
| – Overseas Fund | (5-15)% |
| – Inflation Linked Fund | (0-5)% |
| Fixed Interest Securities | 15-35% |
| – Gilt Fund | (10-20)% |
| – Corporate Bond Fund | (0-5)% |
| – Short Fixed Interest Fund | (5-15)% |
| Property Fund | 0-10% |
| Dealing surcharge | 0.35% of unit value |
Summary of investments and other assets
as at 28 February 2010
| 1 UK Equity Fund | 60.7% |
| 2 Overseas Fund | 10.9% |
| 3 Gilt Fund | 11.3% |
| 4 Corporate Bond Fund | 2.9% |
| 5 Short Fixed Interest Fund | 7.9% |
| 6 Property Fund | 6.3% |