This fund is used with in our Melodic 3-7 portfolios and represents between 4-8% of the asset spread with in these portfolios.
This fund was launched in November 2012 and as of 31 July 2022, had a fund size of £1,561.42m. It uses negative screening criteria, filtering out companies that produce 10% or more of their turnover from alcohol, armaments, gambling, tobacco, pornography and fossil fuels. In addition, the fund will also exclude companies that have a high environmental impact and a lack of environmental management systems, companies that have strategic presence in countries with poor human rights policies and companies that test cosmetics, household products and other products on animals.
There are 418 holdings within this fund and within the top 10 holdings are:
Santander UK – representing 0.9% of the fund – is one of the leading personal financial services companies in the United Kingdom, and one of the largest providers of mortgages and savings in the United Kingdom. The bank has circa 20,000 employees and 14 million active customers.
The bank, with its head office in Euston, London, was established on 11 January 2010, when Abbey National plc was combined with the savings business and branches of Bradford & Bingley plc, and renamed Santander UK plc. Alliance & Leicester plc merged into the renamed business in May 2010.
Eversholt Funding PLC – representing 0.7% of the fund – is part of Eversholt Rail Group, which was established on 21 March 1994 as a subsidiary of British Rail in preparation for the privatisation of British Rail. It was named after Eversholt Street in London near Euston station in which British Rail’s offices were located.
Anglian Water Osprey – representing 0.7% of the fund – is a water company that operates in the East of England. It came into existence in 1989 as part of the partial privatisation of the water industry. It took on the water supply, sewerage and sewage treatment responsibilities of Anglian Water Authority.