Secured Loans Fund

A UK-domiciled QIS providing investors with a defensive portfolio of higher-quality borrowers in the European loans market.

ISIN
GB00B5PWZL10

NAV
EUR 12.53
As of 16/09/2020

1-Day Change
EUR 0.01 (0.07%)
As of 16/09/2020


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund's aim is to generate investment returns by investing in a diversified portfolio of secured loans and sub participations in secured loans denominated in any currency. The Fund may invest in other transferable securities, senior secured floating rate notes, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes. The assets of the Fund will be generally denominated in Euros or Sterling.

The value of an investment and the income from it can fall as well as rise as a result of taxation arrangements or market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Unleveraged, conservative, and active investment strategy focused on bottom-up credit and instrument selection.
  • Experienced specialist loans team made up of significant market participants with a long history of loan investments.
  • Portfolio of floating-rate assets, providing the ability to act as a natural hedge against rising interest rates and inflation.
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

David Milward

Head of Secured Loans | Portfolio Manager

Industry since 1989. Joined Firm in 2001.

Elissa Johnson

Portfolio Manager

Industry since 1994. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2020
Y Acc
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-2.72% 2.10% 1.52% 5.08% 1.08%
Cumulative & Annualised Performance (%)
As of 31/08/2020
Y Acc (Net)
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
21/11/2012
Y Acc (Net) 0.14% -4.42% -3.62% -0.07% 1.24% - 2.24%
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.60%
Ongoing Charge
(As of 29/02/2020)
0.69%

Portfolio

Top Holdings (As of 31/08/2020)
% OF FUND
Upfield 7/25 (EUR) Loan 2.18
Masmovil 7/20 EUR Term B2 7/27 2.01
Genesys Telecommunications 2/18 EUR Term B3 12/23 1.91
Action Nederland 2/18 EUR Term B 3/25 1.90
Nord Anglia Education Finance 6/17 EUR Term B 9/24 1.88
Bmc 6/18 EUR Term B 10/25 1.76
Ion Corporates 10/19 EUR Term 10/25 1.71
Hensoldt 2/18 EUR Term B3 2/24 1.65
Refresco 12/17 GBP Term B2 3/25 1.63
Wittur 9/19 EUR Term B 9/26 1.59

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise. This risk is generally greater the longer the maturity of a bond investment.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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