Presentation on theme: "Aim The primary objective of the Fund is to generate income and thereafter long- term capital growth in real terms. Income To achieve an annual income."— Presentation transcript:
Aim The primary objective of the Fund is to generate income and thereafter long- term capital growth in real terms. Income To achieve an annual income return in excess of the benchmark yield. Benchmark NI CENTRAL INVESTMENT FUND FOR CHARITIES Investment Factsheet as at 31 March 2014 Fund Information Launch Date1965 Fund Size£32m Share Price1104.03p Dividend Payment DatesJun & Dec Year End30 Sept CurrencySterling Annual Management Fee0.35% CurrencySterling Key Details Long-term Total Return (Gross) Northern Ireland Central Investment Fund for Charities is a registered charity. Charity Tax Reference Number XR 3429. This is a financial promotion and is not intended as investment advice. Background The Northern Ireland Central Investment Fund for Charities (NICIFC) was set up in 1965 through the Charities Act (Northern Ireland) 1964, with the aim of providing Charities with the opportunity to invest all or part of their assets in a centrally pooled fund, administered by the Department for Social Development. The Fund is managed by recognised fund managers, with its investment policy and performance reviewed on a quarterly basis by a locally based Advisory Committee, appointed by the Department. The NICIFC operates as a Discretionary Managed Fund, with participating Charities allocated a proportionate number of shares based on the size of their investment and the most recent valuation (share price). The Fund invests in Fixed-interest securities, UK & Foreign Equities and selected Unitised Funds. The allocation between these asset classes is reviewed and adjusted periodically, in line with the Fund’s investment policy. Risk Factors Fund Performance to 31 st March 2014 3 months 3 Years Annualised FTA Govt All Stocks25% FTSE All Share50% FTSE World ex UK20% LIBID 7 Day5% NICIFC1.4% 8.3% Composite Benchmark0.4% 7.7% Dividend Yield (Fund)3.8% Dividend Yield (Target)2.9% Portfolio and benchmark returns for the quarter to 31/03/2014 are preliminary estimates provided by Standard Life Wealth and have not been verified externally. They could, therefore, be liable to subsequent adjustment. The portfolio is being managed with a Medium Risk approach. The value of any investment may go down as well as up, as can the income generated from it. Perspective Shareholders may wish to seek independent advice before investing in this Fund. Year 20062007200820092010201120122013 YTD 2014 NICIF 11.14.7-17.820.112.6-0.710.715.61.4 Benchmark 10.75.7-16.519.3184.108.40.2063.60.4
NI CENTRAL INVESTMENT FUND FOR CHARITIES Investment Factsheet as at 31 March 2014 Fund Manager The current Fund Manager is Standard Life Wealth. 30 Lothian Road, Edinburgh EH1 2OH. Standard Life Wealth are regulated by the Financial Conduct Authority. Standard Life Wealth is a global thematic stock picking company. This focus on themes helps to identify the catalysts for change and capture opportunities wherever they occur. Issued by Northern Ireland Central Investment Fund for Charities (NICIFC). NI CIFC is managed by the Department for Social Development through recognised fund managers, and its investment policy is guided by a locally based Advisory Committee appointed by the Department. All information (excluding Historic Fund Performance) is sourced from Standard Life Wealth Ltd. All data as at 31 March 2014. Source: Standard Life Wealth 31 st March 2014 Market Commentary Historic Fund Information As at 30 Sept Share Price (p) Annual Dividend (p) Yield (%) 2007 1036.16 40.003.86 2008 856.11 44.005.14 2009 881.43 39.004.42 2010 942.75 39.004.14 2011 893.25 40.004.48 2012 973.84 40.004.11 2013 1057.62 40.003.78 Shares in issue as at 31/12/2013 2,923,253 Shares in issue as at 31/03/2014 2,895,144 Ethical Restriction: No direct investment permitted In tobacco stocks Sector Allocation as a % of Total Market Value NICIFC Fund Composition Contact The state of the world in 2014 for financial investors requires a dualistic interpretation: financial markets continued to offer the long term investor a means of achieving specific financial objectives, but this came alongside continued short term volatility. Indeed, a see-saw effect was in evidence during the opening months of the year with markets down in January, up in February and then for completeness, broadly flat in March. Headline news was reflective of this: markets rise, the recovery stalls, economic green shoots strengthen. Will Markets have reacted with moderate indifference to events in Eastern Europe, certain governments continue to look beyond their borders, either to enhance their interests, or to deflect from domestic issues. With an increasing divergence between economies and geographically focused stock markets, we are convinced that our thematic stock-picking approach is well suited to the current environment, particularly given the flexibility of our investment strategies and the depth of our investment research capability. Despite the challenges that we may face in the future, both predicable and unseen, investment opportunities will always exist for the long term investor, particularly for those invested in businesses that have the ability to weather short term macroeconomic turbulence. Central Investment Fund for Charities. c/o Department for Social Development, The Lighthouse Building, 4 th Floor, 1 Cromac Place, Gasworks Business Park, Ormeau Road, Belfast BT7 2JB. Tel: (028) 90829240 or email firstname.lastname@example.org or email@example.com@dsdni.gov.uk firstname.lastname@example.org
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