SVG Capital IT

Investment Trust investing within Schroder Venture Capital trusts.

  • 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.

  • -
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 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).

  • 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.

  • 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…

Fund data last updated 24 June 2003

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 May, 1996
Size £175m
Yield 0.00%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 2.35%
Ongoing charges figure 2.75%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

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

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2016

7% Platform Specialty Prods Corp
4% Pq Corporation
3% The Hillman Group
3% Teamviewer
2% Trugreen
2% Visma Asa
1% Eyemart Express
1% Genesys Corp
1% Informatica Corp
1% Jetro Cash & Carry
Source: Trustnet

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.

Constraints

Risk is controlled through the covenants written on the underlying fund, with the management of this trust having a high degree of input to this.

Key Investor Information

Download