The Tenax Absolute Return Strategies Fund has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility.
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The Tenax Absolute Return Strategies Fund has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility.
Source: FE Analytics. Total Return Nav-Nav line chart (from 01 December 2007 to 29 October 2021) from UK IA universe. As Tenax is a multi-asset fund, there is no one benchmark or index that can be used to represent a comparison, so UK Government Gilt 2-year TR provides a comparison to bond returns, while FTSE 100 TR allows comparison to mainstream UK Equity returns.
Blue: Tenax Absolute Return B Acc
Green: UK 2-yr gilt TR
Red: FTSE 100 TR
Performance Summary | 3m | 1yr | 3yr | 5yr |
---|---|---|---|---|
3m | 1yr | 3yr | 5yr | |
SVS Church House Tenax Absolute Return Strategies B Acc | -0.17 | 4.76 | 8.4 | 11.06 |
Index: FTSE 100 TR | 4.14 | 34.52 | 13.89 | 26.53 |
UK Government Gilt 2-year TR | -0.4 | -0.51 | 1.46 | 1.62 |
Calendar Year Total Returns (%) | Year | Year | Year | Year | Year | Year | Year |
---|---|---|---|---|---|---|---|
YTD | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
SVS Church House Tenax Absolute Return Strategies B Acc | 1.24 | 4.05 | 3.76 | -1.44 | 2.71 | 7.85 | 1.60 |
Top Ten Holdings (%) | percentage |
---|---|
Nationwide FRN SONIA 08/2022 | 3.2% |
Nationwide FRN SONIA 02/2031 RBC FRN SONIA10/2024 | 2.6% |
Toronto Dominion Cvd FRN SONIA 06/2022 | 2.4% |
Bk Nova Scotia Float 03/2025 | 2.2% |
EIB FRN SONIA 03/2026 | 2.1% |
EIB FRN SONIA 01/2027 | 2.1% |
Yorkshire B/S SONIA 11/2023 | 2.1% |
EIB FRN SONIA 06/2023 | 2.0% |
ADB FRN SONIA 10/2023 | 1.9% |
TSB Bank Plc SONIA 02/2024 | 1.9% |
22.4% of Portfolio
Total number of holdings: 141
colone | coltwo |
---|---|
B Share Class | Management fee 0.875% OCF 0.99% (incl. 0.11% of Synthetic) |
B Share Price | 171.7p (Acc) XD |
C Share Class | Management fee 0.75% OCF 0.87% (incl. 0.11% of Synthetic) |
C Share Yield | 0.90% (Inc) |
SEDOL Code: (C Shares) | Inc: BNBNRD0 Acc: BNBNRF2 |
ISIN Code: (C Shares) | Inc: GB00BNBNRD03 Acc: GB00BNBNRF27 |
Sector | Targeted Absolute Return |
Fund Type | OEIC UCITS Scheme |
Launch Date | November 2007 |
Dividend Payment | May & November |
Fund Value | £504m |
Source: Church House, Bloomberg
Source: Church House
The Tenax Fund has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility.
The Fund is actively managed and takes diverse exposure to a broad range of asset classes including fixed interest securities, equities, money market instruments, cash deposits, and may include collective investment schemes. There is no fixed asset allocation for any asset class, the mix is maintained in a way that the Managers consider to be consistent with the objective. Capital preservation is key, as such, Tenax may, from time to time, hold high proportions in cash and other lower-risk assets.
Capital invested in the Sub-fund is at risk and there is no guarantee that a positive return will be achieved over a rolling twelve-month, or any other period.
Please note
The Fund was converted from a non-UCITS to UCITS on 24/08/2020. As a multi-asset fund, different benchmarks can be used for comparison purposes according to asset classes; the accumulating return from UK Government 2-year gilts as a basic comparator for the returns achieved by the Fund and the FTSE100 TR for a comparator to UK equity market performance.
A respected figure in the world of investment management with nearly 40 years experience. Read more.
Joined the business in 2004 after many years trading Gilts and Derivatives. Read more.
All prices and data in the factsheet are as at 29 October 2021. All fund performance data is based on the B Acc shares and shown after the deduction of fees and charges. Ongoing Charges Figure (OCF) based on accounts as at 30/09/2020.
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.
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.
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