Fact sheet: SVS Cornelian Defensive

Fund information
Fund name
SVS Cornelian Defensive D Acc
Fund manager company
Cornelian Asset Managers
Fund type
OEIC
Fund managers
  • Hector Kilpatricksince 03/05/2010
  • Marcus Brookssince 10/04/2005
Fund objective
The objective of the SVS Cornelian Defensive Fund is to achieve long term capital growth and income by creating a well diversified portfolio investing in a broad range of underlying assets that have relatively low volatility. The majority of these assets will be invested in fixed income funds and cash and ‘near cash’ instruments. To enable the creation of a diversified portfolio the fund may also invest in equities, bonds, government securities and other collective investment schemes. There is no specific limit in exposure to any geographical or industrial sector and the fund may, where permitted, include alternative investments such as (closed ended) property funds, absolute return funds and funds with exposure to private equity. There may be occasions when it is deemed necessary to hold a high level of cash or money market instruments. The Fund may use derivatives for Efficient Portfolio Management (EPM) i.e. to protect against market or currency movements, to reduce costs or to earn income or capital.
Benchmark
  • RPI+1%
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
3.5%
1 Year rank in sector
58/75
Sector
UT Mixed Investment 0%-35% Shares
Yield
1.8%
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.
1.17%
Fund size
£42m (£24m 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.
22
Mid price
139.12
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3513.6%
SVS TPI Cautious 311.2%
Old Mutual Cirilium Cons11.2%
VT Turcan Connell Inc Pfl10.8%
CF PruDyFo0-30Pf9.9%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • Not Specified76%
    UK9.7%
    Money Market5%
    Far East ex Japan2.6%
    Global Emerging Markets2.2%
  • No data available.
  • Global Fixed Interest52.3%
    Others24.8%
    International Equities9.3%
    UK Equities9.1%
    Money Market4.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-1.5%3.4%3.5%12.7%32.4%
Sector-1.8%-1.5%4%5.1%11.9%25.1%
Rank within sector51 / 8337 / 8350 / 8158 / 7528 / 5813 / 41
Quartile3rd2nd3rd4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.4%2.2%5.1%6.8%10.3%
Sector6%0.3%5.2%4.2%6.3%
Rank within sector56 / 758 / 6134 / 5810 / 5111 / 43
Quartile3rd1st3rd1st2nd
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.
1.45
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.
0.48
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.
0.22
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%.
3.16
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.
3.41
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.
-0.41
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.
0.78
Price movement
52 week high142.72
52 week low130.71
Current bid price-
Current offer price-
Current mid price139.12
Region
1Not Specified76.02%
2UK9.66%
3Money Market5.01%
4Far East ex Japan2.62%
5Global Emerging Markets2.23%
6International1.96%
7Europe ex UK1.47%
8USA1.03%
Industry sector
No data available.
Asset type
1Global Fixed Interest52.3%
2Others24.8%
3International Equities9.3%
4UK Equities9.1%
5Money Market4.5%
Individual holdings
1PIMCO GLOBAL INVESTMENT GRADE CREDIT FUND9.79%
2TREASURY 1.75% GILT 22/07/19 GBP0.017%
3TREASURY 1.75% GILT 22/01/17 GBP0.014.54%
4PFS TWENTY FOUR DYNAMIC BOND FUND4.53%
5INTERNATIONAL PUBLIC PARTNERSHIP4.39%
6US TREASURY 0.125% INDEX LINKED 15/4/20214.29%
7ROYAL LONDON STERLING EXTRA YIELD BOND FUND4.03%
8LEGAL & GENERAL DYNAMIC BOND TRUST3.54%
9UK TREASURY 2.5% INDEX LINKED 17/07/243.53%
Management
Fund manager group
Cornelian Funds
Fund manager company
Cornelian Asset Managers
Fund type
OEIC
Fund objective
The objective of the SVS Cornelian Defensive Fund is to achieve long term capital growth and income by creating a well diversified portfolio investing in a broad range of underlying assets that have relatively low volatility. The majority of these assets will be invested in fixed income funds and cash and ‘near cash’ instruments. To enable the creation of a diversified portfolio the fund may also invest in equities, bonds, government securities and other collective investment schemes. There is no specific limit in exposure to any geographical or industrial sector and the fund may, where permitted, include alternative investments such as (closed ended) property funds, absolute return funds and funds with exposure to private equity. There may be occasions when it is deemed necessary to hold a high level of cash or money market instruments. The Fund may use derivatives for Efficient Portfolio Management (EPM) i.e. to protect against market or currency movements, to reduce costs or to earn income or capital.
Benchmark
  • RPI+1%
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
Hector Kilpatrick03/05/2010Hector joined Cornelian from Scottish Value Management where he managed the successful SVM UK Alpha Fund. Prior to this, he spent over six years at Standard Life Investments where he was appointed Investment Director, and was a key member of the Continental European equities team. Hector started his career at Norwich Union Investment Management having completed an MBA in Strategic Management from Imperial College Business School. At Cornelian, Hector is responsible for the management and development of the investment process and investment performance across all funds. He also works closely with the Private Clients & Charities team, headed by Marcus Brooks, in the daily monitoring and management of our client portfolios.
Marcus Brooks10/04/2005Marcus joined Cornelian Asset Managers as a Director in 2002. In addition to his client responsibilities, Marcus leads the Private Client & Charities team and reports to the Board on the management and performance of private client and charity portfolios. A graduate of Oxford University, Marcus worked previously at the SG Warburg Group and Kleinwort Benson in London before moving to Stewart Ivory in 1994. At Stewart Ivory he was responsible for UK Equity and Fixed Interest investment and managed Investment Trust, Unit Trust, Pension and Charity portfolios.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
SVS Cornelian Defensive B Acc
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price134.94
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIYL1
SVS Cornelian Defensive B Inc
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price118.17
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIYL2
SVS Cornelian Defensive D Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price139.12
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIYL5
SVS Cornelian Defensive D Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price125.79
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIYL6
SVS Cornelian Defensive E Acc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.67%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price136.84
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIYL3
SVS Cornelian Defensive F Acc
Initial charge4%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price136.65
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIYK9
SVS Cornelian Defensive F Inc
Initial charge4%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price125.69
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIYL0
Data provided by

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