The Church Commissioners manage an investment fund of some £10.3 billion, held mainly in a diversified portfolio including equities, real estate and alternative investment strategies. The fund and the obligations attached to it derive from the Commissioners’ parent charities of the 18th and 19th centuries, respectively Queen Anne’s Bounty and the Ecclesiastical Commissioners, which were set up to improve the incomes and housing of clergy and to extend their ministry into new urban areas. The Commissioners’ work today supports the Church of England as a Christian presence in every community.