fund
SVS Cornelian Cautious D
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165.56p
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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230.33p
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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0.75%
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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1.15%
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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1.40%
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 summary
| Sector | Volatility Managed |
| Structure | OEIC |
| Launched | January, 2011 |
| Size | £209m |
| Yield | 1.40% |
| Charging basis | Income |
| Dividends paid | 15 Mar, 15 Jun, 15 Sep, 15 Dec |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.15% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 -0.84%
- 18/19 -2.15%
- 19/20 2.29%
- 20/21 0.54%
Bestinvest MRI
- 3 years 0.23%
- 5 years 0.00%
- Career 0.03%
- 3 years 50.00%
- 5 years 0.00%
- Career 64.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Marcus Brooks
Born 1964. History degree from Oxford. Joined the SG Warburg Group in 1987, initially in UK Equity Research later moving to General Sales. He moved to Kleinwort Benson in 1991 where he had responsibility for an investment trust and pension funds. He joined Stewart Ivory in 1994, where he now heads the 3-man UK Equities team and from 1999 is responsible for the flagship Scottish American IT (asset allocation and UK portfolio). Investment Style Growth investor emphasising profitability, sustainable growth, strong cash flow and operating in niche markets. Team discussions follow fundamental research which in turn results from an initial evaluation of 250-300 companies. Idea sources include brokers, IPOs etc.
Track record
Marcus Brooks has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%. During the worst period of relative performance (from May 2007 - February 2009) there was a decline of 33% relative to the index. The worst absolute loss has been 27%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 64%.
Periods of worst performance
| Absolute | -27.00% (October 2007 - February 2009) |
| Relative | -33.00% (May 2007 - February 2009) |
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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Top 10 holdings
Data accurate as at 31 July 2020
| 6.18% | Pimco Global Investment Grade Credit Fund |
| 5.53% | Twenty Four Dynamic Bond Fund |
| 5.16% | Allianz Strategic Bond Fund |
| 4.83% | Hm Treasury United Kingdom Dmo 1.5% Gilt 22/01/21 Gbp0.01 |
| 4.1% | Ishares Physical Gold (Etc) |
| 4.08% | Twentyfour Absolute Return Credit Fund |
| 3.63% | Schroder Isf Global Convertible Fund (Gbp Hedged) |
| 3.04% | Baillie Gifford Strategic Bond Fund |
| 2.45% | Vanguard S&P 500 (Etf) |
| 2.37% | Invesco Global Targeted Returns Fund |
| Source: Trustnet |