Investment Grade Fixed Interest Fund

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The Investment Grade Fixed Interest Fund aims to provide a high level of income by investing principally in higher quality bonds issued by companies, the UK Government and supranational issues.

Performance v. Comparator Benchmarks

Image: Performance v. Comparator Benchmarks

Source: FE Analytics. Net Return Bid-Bid line chart (from 01 December 2005 to 31 August 2021 from UK IA universe. The BofA ML7-10 AA Sterling Corporate & Collateralized Index and IA Sterling Corporate Bond have been chosen as comparator benchmarks to give an indication of the fund’s performance relative to similar funds in the Sterling Corporate Bond Sector.

Blue: CH Investment Grade – Fixed Interest Inc

Green: ICE BofA ML7-10 AA Sterling Corporate & Collateralized Index

Red: IA Sterling Corporate Bond

Performance Summary (%)

Performance Summary3m1yr3yr5yr
3m1yr3yr5yr
SVS Church House Investment Grade Fixed Interest Inc GTR in GB1.342.9710.612.15
Index: The BofA ML 7 10 Year AA Sterling Corporate & Collateralized TR in GB1.940.5712.3112.72
Sector: IA Sterling Corporate Bond GTR in GB2.333.8416.3717.37
Source: FE Analytics. Gross Total Return (net of fees, gross of tax) Bid-Bid discrete calendar performance table, of SVS Church House Investment Grade Fixed Interest Fund from UK Investment Association universe.

Calendar Year Total Returns (%)

Calendar Year Total Returns (%)YearYearYearYearYearYearYear
YTD202020192018201720162015
SVS Church House Investment Grade Fixed Interest Inc GTR in GB-0.275.975.59-1.453.364.610.19
Source: FE Analytics. Gross Total Return (net of fees, gross of tax) Bid-Bid month end (31 August 2021) performance table from UK Investment Association universe.

Top Ten Holdings

Top Ten Holdings (%)percentage
EIB (SONIA) 1.1% 01/20273.0%
Royal Bank of Canada (SONIA) 0.891% 01/20252.6%
Bank of America 7% 07/20282.6%
Goldman Sachs Group Inc 7.25% 04/20282.4%
ANZ Covered 1.144% 01/20222.0%
M&G Plc 5.625% 10/20312.0%
AP Moller-Maersk 4% 04/20252.0%
GCP Infrastructure1.9%
Barclays Plc 2.375% 10/20231.8%
Yorkshire B/S Covered (SONIA) 0.882% 11/20231.8%

22.2% of Portfolio     

Key Information

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Bid PriceInc. 118.3p XD Acc. 184.2p XD
SectorSterling Corporate Bond
Trust TypeAuthorised Unit Trust/ UCITS
Launch DateDecember 2000
Dividend PaymentFeb, May, Aug & Nov
Min Subscription£5,000
Yield2.2% (Inc)
Management fee*0.75% OCF 0.83%
Fund Value£342m
ISIN Code:Inc: GB0004743828 Acc: GB000B11DPK96
SEDOL Code:Inc: 0474382 Acc: B11DPK9

Disposition

Image: Disposition

Source: Church House

Rating Split (S&P/Equivalent)

Image: Rating Split (S&P/Equivalent)

Source: Church House

Objective and Policy

The Investment Grade Fixed Interest 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.

Jeremy Wharton Joint CIO & Director

Joined the business in 2004 after many years trading Gilts and Derivatives. Read more. 

  • 020 7534 9872
  • j.wharton@church-house.co.uk

All prices and data in the factsheet are as at 31 August 2021. All fund performance data is based on the Inc shares and shown after the deduction of fees and charges. Yield data refers to the past 12 months and is based on a bid-basis. *The management fee is 1.25% on the first £25m then 0.75% thereafter. Ongoing Charges Figure (OCF) based on accounts as at 31/03/2021.

Investment Risk

Please note that the value of an investment in this fund and the income from it may go down as well as up and you may not get back your original investment. You should also be aware that past performance may not be a reliable guide to future performance.

Important Information

This is a financial promotion for Professional Clients and/or distributors only. This is not intended as investment advice. You should read the Prospectus and the Key Investor Information Document (KIID for each fund in which you want to invest. The Prospectus and KIID can be found at www.ch-investments.co.uk. All information prepared within has been prepared by Church House Investments Limited, York House, Sherborne, DT9 4JW. Authorised and regulated by the Financial Conduct Authority. This document should not be published in hard copy, electronic form, via the web or in any other medium accessible to the public unless authorised by Church House Investments to do so. No warranty is given as to the accuracy or completeness of this information and no liability is accepted for errors or omissions in such information. This document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such an offer or solicitation is unlawful or unauthorised. To help us continually improve our service, and in the interest of security, we may monitor and/or record your telephone calls with us.

Contact us

To discuss your requirements, or to find out more about our funds and services, please contact us:

Sam Liddle Sales Director

Intermediary Sales

  • 07887 520621
  • s.liddle@church-house.co.uk

Matthew Goodsir Business Development Manager

Intermediary Sales

  • 020 7534 9877
  • m.goodsir@church-house.co.uk

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