fund
SVG Capital IT
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735.00p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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2.35%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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2.75%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.00%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
SVG Capital (Schroder Ventures), despite the name is not a part of the Schroder Group, but is an independent and self-managed trust. There is nevertheless a strong relation between the two companies. The trust does not take direct venture or private equity holdings but rather invests within funds. These funds are all managed by SVG Capital, therefore this is a fettered fund of funds trust. The trust was originally launched as a roll up vehicle to allow holders of individual Schroder Venture shares to swap them for a share of the trust. The trust could invest externally but it is highly unlikely that it would do so. Therefore confidence within the Schroder /Permira range of venture capital funds is high. The trust follows a "buy-out" approach, which the team feels leads to a smoother level of return when compared solely to venture capital investing.
Fund summary
Sector | Private Equity |
Structure | X-INVESTMENT TRUST |
Launched | |
Size | £175m |
Yield | 0.00% |
Charging basis | |
Dividends paid |
Charges
Standard initial charge | 0.00% |
Initial charge via Bestinvest | 0.00% |
Annual management charge | 2.35% |
Ongoing charges figure | 2.75% |
Allocation
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Investment process
SVG Capital’s investment objective is to achieve capital appreciation by investing principally in private equity funds that are managed or advised by Permira. In addition, SVG Capital invests in private equity funds that invest in Japan, North America, Asia and the life sciences sectors, and in unquoted and quoted businesses through specialist funds and co-investments alongside these funds.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
Absolute | 0.00% () |
Relative | 0.00% () |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Sector breakdown
Industrials | 32.00% |
Telecom, Media & Technology | 22.00% |
Consumer Goods | 21.00% |
Business Services | 12.00% |
Financial Services | 7.00% |
Health Care | 6.00% |
Portfolio
Around 20 companies make up 80% of the trust.
Key Investor Information