SVS Church House Investment Grade Fixed Interest XL Institutional Acc

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Quick Stats

Bid Price GBX 172.40 Offer Price GBX 181.60
Mid Price - Day Change GBX -0.20 (-0.12%)
Price Date 17 Oct 2019 Crown Rating 1
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.00 Fund Size 358,000,000.00
Launch Date 11/12/2000 Standard Initial Charge (%) 5.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.60 Sector IMA UK Equity Income
Min Investment (£) 50,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BFLTL520 Min TopUp (£) 5,000.00
Ongoing Charge (%) 0.6400 Ongoing Charge Date 18/06/2019

Fund Objective

The Fund is a 100% investment grade bond fund in the IA UK Corporate Bond sector. As a further quality control, the fund will always hold 25%-35% in AAA rated debt. The fund managers maintain a diverse portfolio in excess of 100 holdings and the focus is on high quality issuance which helps to maintain low volatility. Within the bounds of investing in Investment Grade corporate bonds and UK Government Gilts, the fund is flexible in the underlying duration of its holdings and seeks to protect against both credit and interest rate risk.

Fund Managers

Jeremy Wharton

Jeremy 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.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
HM TREASURY UNITED KINGDOM DMO 3.70%
COVENTRY BUILDING SOCIETY FLTG 3.00%
SANTANDER UK COVERED FRN (SONI 2.50%
GOLDMAN SACHS GROUP 7.25% 2028 2.40%
LLOYDS COVERED FRN (SONIA) 202 2.30%
BANK OF AMERICA CORP 7% SNR NT 2.10%
NATIONWIDE COVERED (SONIA) 202 2.10%
ANZ COVERED FRN 2022 2.00%
AP MOLLER-MAERSK 4% 2025 1.90%

Asset Breakdown

Name Weight
Money Market 1.30%
UK Equities 3.60%
UK Fixed Interest 86.20%
UK Gilts 8.90%

Region Breakdown

Name Weight
Money Market 1.30%
UK 98.70%

Sector Breakdown

Name Weight
Equities 3.60%
Fixed Interest 82.90%
Government Guaranteed 8.90%
Money Market 1.30%
Others 3.30%