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SVS Cornelian Defensive Class D - Accumulation (GBP)

Sell:151.40p Buy:151.40p Change: 0.04p (0.03%)
Prices as at 23 October 2019
Change: 0.04p (0.03%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 23 October 2019
Change: 0.04p (0.03%)
Prices as at 23 October 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.18%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.18%
There are other unit types of this fund available:
Class D - Income (GBP) (Net ongoing charge 1.18%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Other Information

Unit type: Unbundled
Investment Management team
Fund launch date: 9 April 2010
Sector: Volatility Managed
Fund size: £57 million
Number of holdings: 62
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: NatWest Trustee and Depositary Services Limited
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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23/10/14 to 23/10/15 23/10/15 to 23/10/16 23/10/16 to 23/10/17 23/10/17 to 23/10/18 23/10/18 to 23/10/19
Annual return 5.34% 6.86% 3.39% -2.60% 5.38%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

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Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The objective of the Fund is to achieve long term capital growth and income delivering average annual investment returns (total returns, net of fees) of at least RPI + 1.0% over a five to seven year investment cycle. The majority of the assets will be fixed income funds, government securities and cash and 'near cash' instruments. To enable the creation of a diversified portfolio the Fund may also invest in transferable securities and other collective investment schemes. There is no specific limit in exposure to any sector or geographic area. There may be occasions when it is deemed necessary to hold a high level of cash or short dated government bonds. Derivatives and forward transactions may be used for Efficient Portfolio Management. This Fund is managed within Cornelian risk level A on a risk scale of A to E (with A being the lowest risk and E being the highest risk). For details on which risk level is most suitable for investors please see Appendix VI. The Fund is one of a range of funds designed to achieve their RPI+ objectives whilst each being managed below an upper expected risk limit. This upper expected risk limit is expressed using the upper expected volatility of the Fund calculated by an independent third party and is based on the historical volatility of the asset classes held in the Fund. The upper expected volatility limit may change from time to time and the current upper expected volatility at any time is available at The Fund's upper expected volatility is not the same as the Fund's actual (or historic) share price volatility. Details of the 72 methodology employed to calculate the upper expected volatility can be found in Appendix VI of the Prospectus or from the Investment Adviser's web-site.

Income Details

Historic yield : 1.68%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 15 October 2019 15 April 2020
Payment date: 15 December 20194 15 June 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 September 2019.

Security Weight
TwentyFour Vontobel Vontobel Fund - TwentyFour Absolute Return Credit Class AQG 9.68%
iShares £ Ultrashort Bond UCITS ETF 9.58%
PIMCO Global Investment Grade Credit Fund Institutional Hedged 9.29%
MI TwentyFour Investment Funds Dynamic Bond Class I Net 5.83%
iShares Physical Gold ETC 3.96%
Baillie Gifford Strategic Bond Class B 3.93%
Royal London Enhanced Cash Plus Class Y 3.92%
Vanguard ETFs S&P 500 UCTIS ETF (Dist.) (USD) Distributing 2.95%
Schroder ISF Global Convertible Bond Hedged Class C 2.90%
Jupiter Absolute Return Class I 2.88%
Sector Weight
Bonds 55.65%
Cash and Equiv. 6.98%
Equity Investment Instruments 5.65%
Real Estate Investment Trusts 4.99%
Commodities 3.97%
Managed Funds 3.03%
Non-Classified 2.12%
Industrial Support Services 1.74%
Software & Computer Services 1.69%
Non-Renewable Energy 1.21%
Country Weight
United Kingdom 29.24%
United States 18.59%
Non-Classified 8.47%
Cash and Equiv. 6.98%
Direct Property and REITs 4.93%
Commodities 3.97%
Germany 3.05%
Managed Funds 3.04%
Netherlands 2.63%
Ireland 2.40%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 23 October 2019. Data provided by Funds Library, correct as at 31 August 2019.

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.