Investment 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.
Reference Index
3M LIBOR
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.1 | 0.5 | 0.1 | 0.3 | 0.7 | 0.9 | 0.0 | 0.5 | 0.7 | 0.6 | 0.7 | 0.1 | 0.3 | |
2022 | 0.8 | 0.5 | 0.1 | 0.2 | 0.3 | 0.9 | 0.2 | 0.3 | 0.8 | 0.8 | 0.8 | 0.8 | 0.1 |