Dear Laura Clayson,

We write to acknowledge receipt of your request for data under the Freedom of Information Act and shall reply again in due course.

Your sincerely

FOI Officer
The Royal Veterinary College

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Dear Laura Clayton,

Having conducted a search of the College’s records, we can confirm that it does hold information relevant to your request and accordingly have annotated your questions below. Please also find the relevant data in the attached excel document.

1. What was the total market value of the university’s investment portfolio(s) on the 31st July 2022? £16,438,982

2. On the 31st July 2022, were the institution's investment portfolio(s) managed directly by the institution, indirectly by [an] external fund manager(s), or a combination of both? The portfolio is managed indirectly by the Investment Managers, UBS AG.

3. If the university uses external fund manager(s) to manage investment portfolios, please provide the name of each fund manager used, along with the percentage of the total investment funds that they were managing on the 31st July 2022. The portfolio is managed 100% by UBS AG

4. If the institution invests directly, please provide the details of companies invested in (by way of all investment portfolios), including the full names of each company invested in, and the market value invested in each company on the 31st July 2022. Please provide this information in a spreadsheet format. The RVC does not invest directly.

5. If the university holds investments through [an] external fund manager(s), please provide a breakdown of the university’s holdings with that investment manager on the 31st July 2022, including the market value for each company that forms part of your investment portfolio(s) with them. Please provide this information at a company level in a spreadsheet and/or the format that this information is provided to you by your fund manager(s). A breakdown of the RVC's Investments is attached.

6. Does the institution have an ethical investment policy, or similar? If so, please state if it is publicly-available, and provide a web link. The RVC does not have an ethical investment policy.

The RVC is satisfied that in making this response, it has complied with the requirements of the Freedom of Information Act. If, for any reason, you are not satisfied with this response, you should request an internal review by writing within 40 working days of receiving this response to The Chief Operating Officer and Secretary to the Council, Royal Veterinary College, Hawkshead Lane, North Mymms, Hatfield, AL9 7TA ( Email: [email address] ), who will ensure that this is dealt with accordingly. There is no charge for such a request. Should you still be dissatisfied with the outcome, you have the right to make a complaint via the Information Commissioner, pursuant to Section 50 of the Freedom of Information Act, via The Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF [Tel: 0303 123 1113].

Yours sincerely,

FOI Officer

The Royal Veterinary College

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Dear Laura Clayson,

Having conducted a search of the College’s records, we can confirm that it
does hold information relevant to your request. Please find the
information below.

May I please request clarity on one question: the investments portfolio
shared listed multiple funds - such as UBS (LUX) FD SOLUT MSCI EMU SOC
RESP CL A EUR - alongside companies. Does the university hold a breakdown
of what is held within those funds? We do not hold a breakdown but
information for these funds can be found online; links are provided below:

Investment Units Description Market link
Type Held Value
Bond 94,121 UBS (LUX) 914,176.52 [1]https://www.ubs.com/uk/en/assetmanagemen...
Investments FD SOLUT
BLB MSCI US
LIQ CORP A
DIS
Equity 10,002 UBS (LUX) 872,336.18 [2]https://www.ubs.com/uk/en/assetmanagemen...
Investments FD SOLUT
MSCI EMU
SOC RESP CL
A EUR
Equity 82,535 UBS (LUX) 873,468.12 [3]https://www.ubs.com/uk/en/assetmanagemen...
Investments FD SOLUT
MSCI EMRGNG
MRKTS SOC
RES
Equity 41,128 UBS ETF PLC 657,060.93 [4]https://www.ubs.com/nl/en/asset-manageme...
Investments MSCI UK SOC
RES UCITS
ETF
Equity 18,508 UBS (LUX) 331,709.63 [5]https://www.ubs.com/uk/en/assetmanagemen...
Investments FD SOLUT
MSCI JAP
SOC REP CL
A GBP
Equity 45,613 UBS IRL ETF 503,501.69 [6]https://www.ubs.com/uk/en/assetmanagemen...
Investments PLC MSCI
USA SOC
RESP A USD

If it does could the breakdown please be disclosed? If not, could you
please confirm that the university does not hold more detailed information
beyond what has been shared in the initial response? I confirm that the
university does not hold any more detailed information beyond what has
been shared in our initial response.

Please provide this information at a company level in a spreadsheet and/or
the format that this information is provided to you by your fund
manager(s). See the attached spreadsheet.

The RVC is satisfied that in making this response, it has complied with
the requirements of the Freedom of Information Act. If, for any reason,
you are not satisfied with this response, you should request an internal
review by writing within 40 working days of receiving this response to The
Chief Operating Officer and Secretary to the Council, Royal Veterinary
College, Hawkshead Lane, North Mymms, Hatfield, AL9 7TA ( Email:
[7][email address] ), who will ensure that this is dealt with
accordingly. There is no charge for such a request. Should you still be
dissatisfied with the outcome, you have the right to make a complaint via
the Information Commissioner, pursuant to Section 50 of the Freedom of
Information Act, via The Information Commissioner’s Office, Wycliffe
House, Water Lane, Wilmslow, Cheshire, SK9 5AF [Tel: 0303 123 1113].

Yours sincerely,

FOI Officer

The Royal Veterinary College

Please consider the environment before printing this email

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