Investments

CAF FUNDS AND PRICES

Find out about CAF funds as well as the latest fund prices for the CAF UK Equitrack Fund, the CAF Socially Responsible Portfolio and FP CAF Funds.

The value of investments may fall as well as rise. You may not get back the full amount that you originally invested. Past performance is not a guide to future performance. There is no guarantee about the level of capital or income returns that will be generated.

An update from CAF regarding Woodford Equity Income fund

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    We are aware that some customers may have seen announcements in the press about the suspension in trading of the popular investment fund, Woodford Equity Income.

    The FP CAF UK Equity fund, which is managed by Octopus Investments, includes a small holding in Woodford Equity Income..

    Please be advised that you do not need to take any action at this time. However, if you have any queries, our client team is on hand to answer them, as are the fund managers at Octopus Investments. Please call 03000 123 444 to speak to your CAF client relations manager, or 0800 316 2295 to speak directly to Octopus.

    Background

    The Woodford Equity Income Fund (WEIF), run by fund manager Neil Woodford, has underperformed both its peers and the UK market in recent years. Woodford himself is known for adopting a contrarian view that largely kept his investors out of the dot com bubble in 2000 and financial services in 2008. Following initial success, the Woodford Equity Income Fund has suffered due to a number of investment decisions that have worked against it and Woodford has stated that he believes the impact of Brexit is over-stated and his Fund was positioned accordingly.

    Due to the underperformance, investors have chosen to disinvest heavily in recent months. This causes issues within the Fund as holdings have to be sold to raise the required cash and the remaining assets rebalanced frequently. As liquidity suffers the Fund has struggled to achieve good prices for what it is off-loading. This is the reason behind the decision to suspend trading in the Fund, which allows the manager time to reorganise the assets, improve liquidity and increase stability. It’s important to remember that the fund value is based on the value of the underlying investments; these continue to be owned and independently valued by the market.

    How much of the Woodford Equity Income fund is held by CAF UK Equity Fund?

    At the moment, the CAF UK Equity Fund holds around £9m in the WEIF, which equates to 8.5% of overall Fund assets. Since the introduction of WEIF in March 2015, its allocation has been within the 7.5-10% range.

    Why does the CAF UK Equity Fund hold Woodford funds?

    The Woodford Fund is part of a wide portfolio of investments held within each FP CAF fund, which are designed to compliment each other and to reduce the impact of any negative incidents affecting one particular fund or part of the diverse UK market.

    What action is being taken by the FP CAF fund managers, Octopus?

    The suspension will be reviewed regularly by Octopus, and the Fund’s Authorised Corporate Director, FundRock Partners. FundRock oversees the actions of the manager and acts in the interests of investors. Octopus was advised of the suspension by telephone on the day it happened and remains actively engaged with the team at Woodford. The position will be reviewed continually both during and after suspension and appropriate action taken depending on investor reaction and market conditions.

    Are any other FP CAF funds impacted?

    The FP CAF Alternative Strategies Fund has less than 1% of its assets invested in Woodford Patient Capital Trust shares.

    Can I get my (charity’s) money back?

    The CAF UK Equity Fund is still fully tradable and you can choose to sell all or part of your holding it if you wish. The WEIF holding is one of many underlying investments in the Fund and is the only one affected by this situation.

VIEW THE LATEST FUND PRICES

The prices shown are those calculated for the date shown. The funds deal on a forward pricing basis, therefore these are only indicative of prices an investor may pay or receive for actual transactions. The price you will pay or receive will be calculated after receipt of dealing instructions.

The prices, yield and fund size is provided by the relevant Fund Manager or Authorised Corporate Director and CAF accepts no liability for any inaccurate information provided by the Fund Manager.

If you're in any doubt about these prices you should consult your stockbroker, solicitor, accountant or other professional adviser.

These Funds are marketed through CAF Financial Solutions Limited (CFSL), which is authorised and regulated by the Financial Conduct Authority (FRN 189450).

CAF Financial Solutions Limited, which is a wholly owned subsidiary of CAF, has issued and approved the content of this page.

CAF UK Equitrack Fund

Prices as at 17/07/2019

CAF UK Equitrack Fund Share type Bid price (pence) Offer price (pence) Yield Total fund size (£m)
CAF UK Equitrack Fund Accumulation units 132.90
132.90
3.7  
CAF UK Equitrack Fund Distribution units 82.92 82.92 3.7  

          320.88

The fund size shown above for the CAF UK Equitrack Fund is the value of the fund calculated on the last working day of the previous month.

These prices are historic and therefore only indicative of prices an investor may pay or receive for actual transactions, which are calculated after receipt of dealing instructions. Price, yield and fund size information is provided by Legal & General (Unit Trust Managers) Limited.

The CAF UK Equitrack Fund is managed and operated by Legal & General (Unit Trust Managers) Limited, which is authorised and regulated by the Financial Services Authority.

CAF Socially Responsible Portfolio

Figures as at 17/07/2019


CAF Socially Responsible Portfolio Share class  
Single price (pence)  Yield Total fund size (£m)
BMO Responsible Global Equity Fund 1 Accumulation shares 628.60 0.0  
BMO Responsible Global Equity Fund 2 Accumulation shares 485.90 0.6  

          352.33
BMO Responsible Sterling Corporate Bond Fund 1 Income shares 126.20 1.9  
BMO Responsible Sterling Corporate Bond Fund 2 Income shares 126.70 2.5  

          66.88
BMO Responsible UK Equity Fund 1 Accumulation shares 1504.00 1.4  
BMO Responsible UK Equity Fund 2 Accumulation shares 372.50 2.3  

           284.05      
BMO Responsible UK Income Fund 1 Income shares 144.30 4.2  
BMO Responsible UK Income Fund 2 Income shares 189.40 4.3  

          144.00

These prices are historic and therefore only indicative of prices an investor may pay or receive for actual transactions, which are calculated after receipt of dealing instructions. Price, yield and fund size information is provided by F&C Fund Management Limited.

The funds featured in the CAF Socially Responsible Portfolio are included in the range of sub-funds offered through F&C Investment Funds ICVC II and Stewardship Investment Funds ICVC. Applications may only be made on the basis of the current Prospectus. The Authorised Corporate Director of the ICVCs is F&C Fund Management Limited authorised and regulated by the Financial Conduct Authority. A registered company limited by shares, registered number 2170242.

FP CAF Investment Funds

THE CAF FUNDS

Fixed interest

Global Bonds



OctopusStacked_web_72dpi_090419

FP CAF Fixed Interest Fund

This sub-fund’s goal is to deliver higher combined income and capital growth than the global bond markets over a medium to long-term timeframe.

Octopus Investments Ltd.

This sub-fund’s goal is to deliver...

Sterling Corporate Bond



BMO Global Asset Management

BMO Responsible Sterling Corporate Bond Fund

The OEIC fund aims to deliver an attractive level of income through investment in a portfolio of ethically screened UK corporate bonds.
The OEIC fund aims to deliver an attractive...

UK Equity

UK All Companies



BMO Global Asset Management

BMO Responsible UK Equity Fund

The Fund aims to provide long term capital growth and an increasing income, with the emphasis on capital growth.
The Fund aims to provide long term capital...


LandG Logo

CAF UK Equitrack Fund

A collective investment scheme that aims to mirror the capital and income returns of the UK Stock Market. It is passively managed by Legal & General Investment Management.
A collective investment scheme that aims to...


OctopusStacked_web_72dpi_090419

FP CAF UK Equity Fund

Focusing on the medium to longer term, the sub-fund aims to generate higher achieve higher capital growth than the UK equity market average.

Octopus Investments Ltd.

Focusing on the medium to longer term, the...

Global Equity



BMO Global Asset Management

BMO Responsible Global Equity Fund

The fund aims to provide capital growth by investing in an actively managed portfolio of ethically screened, diversified global equities.
The fund aims to provide capital growth by...


OctopusStacked_web_72dpi_090419

FP CAF International Equity Fund

With a medium to longer-term focus, this sub-fund targets higher capital growth than the global equity market average (excluding the UK).

Octopus Investments Ltd.

With a medium to longer-term focus, this...

Mixed

Mixed investment 40-85% shares



BMO Global Asset Management

BMO Responsible UK Income Fund

The objective of the fund is to generate income with the prospect of capital growth.
The objective of the fund is to generate...

Alternative

Targeted Absolute Return



OctopusStacked_web_72dpi_090419

FP CAF Alternative Strategies Fund

By investing in alternative investment strategies across multiple asset classes, this sub-fund aims to deliver a positive return in any market environment over a 12-month rolling period.

Octopus Investments Ltd.

By investing in alternative investment...