M&G

M&G was one of the first investment managers to provide a specialist pooled vehicle for charities to invest in equity markets when we launched Charifund in March 1960. Our experience spans over 64 years and, today, we are proud to manage assets for more than 9,000 charities of all shapes and sizes worth a total of £1.2billion across our wide range of fund strategies covering all the major asset classes.

Yes, our funds exclude companies and countries associated with severe controversies (UNGC/Freedom house). UNGC red flags exclusions are considered a house exclusion. The Global Monitoring team is responsible for the on-boarding, ongoing maintenance and monitoring of contractual and regulatory obligations, and is responsible for ensuring UNGC red flags are excluded. The team provides a review and analysis of prospective business documentation ahead of onboarding. This provides an advisory service with an objective of attaining the highest level of automated and standardised monitoring. There is an increasing demand from the organisation on potential monitoring and capabilities. The team extracts investment restrictions from source documentation (investment management agreement, regulatory schema, prospectus etc.) and codes these restrictions into compliance application of “Aladdin” (this is a Blackrock offering). Aladdin’s compliance application allows for investment compliance monitoring. This automated compliance functionality facilitates pre and post-trade investment portfolio compliance checking. Rules that can be coded include, but not limited to, restrictions such as UCITS(Undertakings for Collective Investment in Transferable Securities), sectors, countries, specific stocks, etc. The onboarding and maintenance of investment compliance rules within the team undergoes a review process. This review is conducted by another member of the team who has not ‘coded’ those rules. Upon the successful review (completeness and accuracy) the rules are approved within Aladdin. The system configuration requires a different user to approve the rule from the user who coded/amended the rule. 24 Upon the successful coding, review and approval of the compliance rules the source documentation (eg IMA, prospectus) is shared with the Fund Manager who is responsible for ensuring all obligations have been captured. The Fund Manager must provide their sign off.

Published annual charge figures (OCFs/TERs) will differ depending on the investment fund(s) selected; these will typically fall within the 0.50%-0.80% range with a few exceptions. Further detailed information on fee rates will be provided upon request, as part of individual client search/RfP submissions. Further information can also be obtained by calling Richard Macey on 020 8162 3623 for a preliminary discussion on suitable solutions for individual requirements, or emailing the team at:- charities@mandg.com
All published Annual Charges include our management fee, plus associated costs for administration, custody and reporting; there are no further fees to pay.