Ecclesiastical Amity Sterling Bond

Ethical screens and 'informal screens'

* These are 'informal screens'. This means that the Fund Manager is avoiding companies which engage in these activities, but that you are unlikely to find statements in the Fund Manager's literature which states as much. The activity in question is avoided either because this is an integral part of the investment process of the fund, or the Fund Manager has simply confirmed separately to Worldwise Investor that they will avoid companies involved in such activities.

To find out more about ethical screens, click here.

•  Oppressive Regimes - Exclude companies operating in countries with oppressive regimes are considered on a case-by-case basis. The fund aims to distinguish between activities that benefit people and those that support the regime.

• High Carbon Fuels - Ecclesiastical recently took the view that they could not invest in companies which were involved in Tar Sands in Canada because it runs against the philosophy of the AMITY range of funds. The result was that it disinvested from Statoil and now holds no oil companies. So while High Carbon Fuels is not an explicit exclusion, it nevertheless is an exclusion.

Top Ten holdings

• Aviva plc
  2.89%
• Premier farnell
  2.61%
• Direct line
  2.54%
• Standard life
  2.43%
• Nationwide bs c/d
  2.35%
• London stock exchange
  2.32%
• Coventry bs
  2.31%
• Artesian finance
  2.29%
• Treasury�bill
  2.24%
• Close brothers,
  2.17%