Fact sheet: SVS Church House TenaxARStra

Fund information
Fund name
SVS Church House Tenax Absolute Return Strategies A Acc
Fund manager company
Church House Investment Mgmt
Fund type
OEIC
Fund managers
  • James Mahonsince 22/11/2007
  • Jeremy Whartonsince 22/11/2007
Fund objective
Tenax has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility. Capital invested in the Fund is at risk, there is no guarantee that a positive return will be achieved over a rolling twelve-month, or any other, period.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return,Aggressive
Investment method
None
Quick stats
1 Year return
6.2%
1 Year rank in sector
11/72
Sector
UT Targeted Absolute Return
Yield
1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.29%
Fund size
£70m (£50m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
17
Mid price
149.2
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Money Market50.2%
    Not Specified36.3%
    International13.5%
  • Money Market25.4%
    Floating Rate Notes24.8%
    Fixed Interest21.1%
    Equities13.5%
    Infrastructure5.7%
  • Money Market50.2%
    Global Fixed Interest21.1%
    International Equities13.5%
    Others5.7%
    Property3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%0.4%4.9%6.2%14.4%29.3%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector35 / 7331 / 7414 / 7211 / 7214 / 5812 / 47
Quartile2nd2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.5%1.3%6%5.2%6.8%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector8 / 7238 / 6713 / 5832 / 5313 / 47
Quartile1st3rd1st3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.89
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.42
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.7
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.97
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.05
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.46
Price movement
52 week high150.5
52 week low137.6
Current bid price-
Current offer price-
Current mid price149.2
Region
1Money Market50.2%
2Not Specified36.3%
3International13.5%
Industry sector
1Money Market25.4%
2Floating Rate Notes24.8%
3Fixed Interest21.1%
4Equities13.5%
5Infrastructure5.7%
6Property3.4%
7Mutual Funds2.3%
8Convertibles1.9%
9Index Linked1.9%
Asset type
1Money Market50.2%
2Global Fixed Interest21.1%
3International Equities13.5%
4Others5.7%
5Property3.4%
6Hedge2.3%
7Convertibles1.9%
8Global Index Linked1.9%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.017.5%
2TREASURY 0% TSY BILL 12/12/16 GBP15.9%
3EUROPEAN INVESTMENT BANK 3.25% NTS 07/12/16 GBP1003%
4EUROPEAN INVESTMENT BANK FRN 17/02/20 GBP10003%
5CMS LINKED QUANTO REV CONV 01/06/20171.5%
6EUROPEAN INVESTMENT BANK FRN 25/05/18 GBP10001.5%
7TREASURY 1.75% GILT 22/01/17 GBP0.011.5%
8BANK OF NOVA SCOTIA FRN 02/11/17 GBP1000001.4%
9COVENTRY BUILDING SOCIETY FRN 17/03/20201.4%
Management
Fund manager group
No data available.
Fund manager company
Church House Investment Mgmt
Fund type
OEIC
Fund objective
Tenax has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility. Capital invested in the Fund is at risk, there is no guarantee that a positive return will be achieved over a rolling twelve-month, or any other, period.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return,Aggressive
Investment method
None
Fund managers
NameSinceBiography
James Mahon22/11/2007James is the Chief Executive and Chief Investment Officer of Church House. He was instrumental in the establishment of Church House Investment Management in 1999 and brings many years of experience to his role. He became a member of the London Stock Exchange in 1980 and has held a number of senior posts including being a partner in stockbrokers Galloway & Pearson, a director of Hoare Govett and Managing Director of Archdale Securities. Working with the Investment Committee he is responsible for the overall asset allocation strategy for all client portfolios.
Jeremy Wharton22/11/2007Jeremy is a Director of Church House with a particular involvement in Fixed Income. He had a 14 year career in the City during which he worked in the Gilt market and co-founded an independent Gilt broker. He then spent 5 years as a professional investor in derivatives, trading a global macro derivatives book, before joining Church House in 2004. He is lead manager of the Church House Investment Grade Fixed Interest Fund and co-manages The Tenax Fund. He is a Chartered Fellow of the Chartered Institute of Securities & Investment.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
SVS Church House Tenax Absolute Return Strategies A Acc
Initial charge-
Annual charge1.25%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price149.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeARC2
SVS Church House Tenax Absolute Return Strategies A Inc
Initial charge-
Annual charge1.25%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price146.3
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM3XG
SVS Church House Tenax Absolute Return Strategies B Acc
Initial charge-
Annual charge0.88%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price153.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeARC3
SVS Church House Tenax Absolute Return Strategies B Inc
Initial charge-
Annual charge0.88%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price149.3
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKZND
SVS Church House Tenax Absolute Return Strategies C Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.9
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKKTB
SVS Church House Tenax Absolute Return Strategies C Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price149.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKKTA
Data provided by

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