Quick Stats

Mid Price GBX 155.30 Day Change GBX +0.20 (0.13%)
Price Date 25 Apr 2019 Crown Rating 5
Shares Class Acc. Yield 0.24 %
Last Ex-Dividend Date 01 October 2018 Dividend Frequency Semi-annually
Sector Targeted Absolute Return Fund Size 330,000,000.00
Launch Date 22/11/2007 Standard Initial Charge 0.00%
Ongoing cost 1.32% Annual Management Charge 1.21%
ISIN GB00B28KSG75 Sedol B28KSG7

Fund Objective

Tenax has an absolute return objective, aiming to achieve positive returns over rolling twelve-month periods at low levels of volatility. Capital invested in the Fund is at risk, there is no guarantee that a positive return will be achieved over a rolling twelve-month, or any other, period. The portfolio is diverse across asset classes; investments are principally direct (it is not a fund-of-funds) but other funds may be held to provide further diversification. The benchmark for the Fund is three-month £ LIBOR. Capital preservation is key; the Fund is prepared to hold high proportions in cash and other low-risk assets.

Fund Managers

James Mahon
James is the Chief Executive and Chief Investment Officer of Church House. He was instrumental in the establishment of Church House Investment Management in 1999 and brings many years of experience to his role. He became a member of the London Stock Exchange in 1980 and has held a number of senior posts including being a partner in stockbrokers Galloway & Pearson, a director of Hoare Govett and Managing Director of Archdale Securities. Working with the Investment Committee he is responsible for the overall asset allocation strategy for all client portfolios.
Jeremy Wharton
Jeremy is a Director of Church House with a particular involvement in Fixed Income. He had a 14 year career in the City during which he worked in the Gilt market and co-founded an independent Gilt broker. He then spent 5 years as a professional investor in derivatives, trading a global macro derivatives book, before joining Church House in 2004. He is lead manager of the Church House Investment Grade Fixed Interest Fund and co-manages The Tenax Fund. He is a Chartered Fellow of the Chartered Institute of Securities & Investment.