|Bid Price||GBX 186.00||Offer Price||GBX 186.50|
|Mid Price||-||Day Change||GBX -0.60 (-0.32%)|
|Price Date||18 Jan 2019||Crown Rating|
|Shares Class||Inc.||Yield||4.27 %|
|Last Ex-Dividend Date||03 December 2018||Dividend Frequency||Quarterly|
|Sector||Sterling Strategic Bond||Fund Size||168,633,647.18|
|Launch Date||03/12/1975||Standard Initial Charge||0.00%|
|Ongoing cost||0.00%||Annual Management Charge||0.35%|
Charinco is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund has the power to invest in many different kinds of fixed interest securities including short, medium and long dated gilt-edged stocks, certificates of deposit, certain Eurosterling issues, debenture and convertible loan stocks and convertible preference shares. Charinco is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from income tax and capital gains tax. The Fund aims to provide charities with a high level of income from a portfolio of fixed interest securities.
Simon Blundell, Director, is a member of the Sterling Bond Portfolio Team within BlackRock Fundamental Fixed Income.Prior to joining BlackRock in 2011, Mr. Blundell was Head of Institutional Credit Portfolio Management at Aviva Investors where he oversaw £9 billion in assets across Euro, Sterling, and Global credit and aggregate products. Prior to joining Aviva in 2009, Mr. Blundell spent 10 years at ABN AMRO Asset Management (later acquired by Fortis Investments where he stayed on for a year), most recently as head of credit. He previously held positions at HSBC Asset Management and Morgan Grenfell Asset Management. He began his investment career in 1994.