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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.

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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:

1 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 30 June 2014 Fund Information Launch Date1965 Fund Size£33.5m Share Price p 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 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 30 th June months 3 Years Annualised FTA Govt All Stocks25% FTSE All Share50% FTSE World ex UK20% LIBID 7 Day5% NICIFC1.9% 8.8% Composite Benchmark1.9% 7.6% Dividend Yield (Fund)3.9% Dividend Yield (Target)2.9% Portfolio and benchmark returns for the quarter to 30/06/14 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 YTD 2014 NICIF Benchmark

2 NI CENTRAL INVESTMENT FUND FOR CHARITIES Investment Factsheet as at 30 June 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 applies a global thematic stock picking strategy. 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 30 June Source: Standard Life Wealth 30 th June 2014 Market Commentary Historic Fund Information As at 30 Sept Share Price (p) Annual Dividend (p) Yield (%) Shares in issue as at 31/03/2014 2,895,144 Shares in issue as at 30/06/2014 3,015,936 Ethical Restriction: No direct investment permitted In tobacco stocks Sector Allocation as a % of Total Market Value NICIFC Fund Composition Contact Unprecedented levels of volatility have been a feature of the post-credit crunch landscape, yet intriguingly, global financial markets are currently less volatile than at any time in almost a decade and despite mixed messages from the Bank of England the market is still expecting interest rates to stay low for the foreseeable future. The European Central Bank has launched a series of new initiatives to support the single currency, cutting interest rates to record lows and boosting lending facilities. The cost of government borrowing sits at record lows for certain European countries. Spain’s 10 year yield is now lower than at any point since records began in Similarly, France’s borrowing costs are lower than at any point since 1746 and Italy’s the lowest since Firstly this demonstrates how unprecedented the current market conditions are and secondly, illustrates the confidence investors have in the ability of central bankers to guide financial markets through the economic maelstrom. With the Vix index (a measure of market volatility) at an even year low, it would seem that global investors are not expecting dark macroeconomic clouds to unsettle their sea of investable tranquillity. Standard Life Wealth’s thematic investment process remains focused on identifying long term drivers of change in the world, regardless of whether they are positive or negative. These themes help generate suitable investment ideas that can benefit from the events taking place in the world, whilst also steering away from areas of inherent risk. With constant doomsday coverage of financial markets in the mainstream news, it is easy to forget that in any economic environment, there will be opportunities for investors who are willing to take a certain level of risk to achieve defined investment objectives, over the long term. 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) or or


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