Triodos Microfinance Fund

Empower people in developing countries

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Why invest in the Triodos Microfinance Fund?

The call and urgency for financial inclusion is embedded in the UN Sustainable Development Goals (SDGs), a set of 17 ambitious goals to end poverty, protect the planet, and ensure prosperity for all. Bringing people into the financial system can be instrumental in attaining many SDGs, including creating jobs, improving gender equality and access to education.

The fund’s key impact indicators are the total number of loan clients reached by the financial institutions we invest in, the percentage of female loan clients and the percentage of rural clients. The online impact report highlights how the companies in the portfolio contribute to the impact goals of the Triodos Microfinance Fund

The financial institutions in the Triodos Microfinance Fund have a specific focus on reaching out to those traditionally excluded from access to affordable, effective and transparent financial services such as women and people living in rural areas. Access to financial services such as loans, savings, payment facilities and insurance products provides people with the opportunity to take control of their lives and improve their living conditions.

Triodos Investment Management has been investing in the microfinance sector since 1994. They have provided finance to over 100 microfinance institutions and banks, in more than 45 countries, making them one of the leading investors in the sector.

Features

Performance

Charges

Type of charge	Annual percentage	Example based on a £10,000 investment*
Initial charge	3%	£300
Ongoing Charges Figure (OCF)	2.13%	£206.61
Total ongoing charge per annum	2.13%	£206.61

*To keep things simple, we’ve assumed no investment growth for the year

We've also explained the charges for you below.

Initial charge

We collect the initial charge from the amount invested in the fund. If you’re investing more £500,000 please call us on 0330 355 0355.

Ongoing Charges Figure (OCF)

The Ongoing Charges Figure (OCF, also known as the Total Expense Ratio or TER) is the ongoing costs of running the fund. The OCF includes the fund managers Annual Management Charge and other expenses of running the fund, such as the board of directors and audit fees. The Annual Management Charge is the charge taken by Triodos Investment Management to select investments based on their sustainable and financial performance.

The OCF is expressed as an annual percentage and is calculated and deducted from the fund daily. The charge is reflected in the value of the fund, you will not see this on your statement and do not need to pay for it separately.

Please note there may be a difference in the OCF for the distribution and capitalisation share classes, where this is the case, we will always show the highest figure. The OCF can be found under ‘Share price and key details’, and is correct as of 31 December 2018 and may vary.

Share prices are converted between sterling and euros when buying and selling, and a fee of 0.025% of the exchange rate used is charged. This fee is not applied directly to individual investments, it is shared by all euro and sterling investors in the fund and is already accounted for in the published share prices.

Fund details

Welcome to positive change

Triodos Bank is one of the most sustainable banks in the world. We make money work for positive social, environmental and cultural change.

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Complete the appropriateness assessment

Download assessment

For institutions

Visit Triodos Investment Management Website

If you feel that the Triodos Microfinance fund is right for you please download, print off and complete the Appropriateness Assessment and send it to us at the address on the form.

If we deem that the Triodos Microfinance fund is an appropriate investment for you, we will provide you with an application pack. Please note, that assessing the appropriateness of the Triodos Microfinance fund for you is not the same as providing financial advice. If you are unsure in any way whether the Triodos Microfinance fund is a suitable investment for you, you should seek independent financial advice.

If, based on your responses to the questions in this assessment we deem that the Triodos Microfinance fund is not an appropriate investment for you, we will let you know and you will not be able to continue with your application.

Because of the complex nature of the Triodos Microfinance fund, you must complete an Appropriateness Assessment each time you wish to apply.

The Appropriateness Assessment and any subsequent applications to buy or sell must be completed and returned to the address on the forms.

The Triodos Microfinance fund has a semi-open-ended structure and is traded on a monthly basis at net asset value, allowing investors to buy and sell shares at the end of the month. Deals are placed at midday on the last working day of the month and settled cash must be received at the latest by midday the working day before. A contract note will be posted to your address on record to confirm the price received and shares purchased shortly after this date.