A new actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.
The Fund will aim to exceed the return of the ICE BofA Global Corporate Index over the medium to long term, based on a combination of income and capital growth. The Fund will contribute towards the Paris Agreement’s goal to hold the increase in the global average temperature to below 2˚C above pre-industrial levels. The portfolio managers seek to maximise risk-adjusted returns; considering not just a bond’s expected return but also it’s expected volatility through the economic cycle.
The TwentyFour Sustainable Global Corporate Bond Fund (SGCBF) will be an actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.
With a focus on companies with credible net zero commitments and applying positive and negative screening, SGCBF will seek out companies with sound ESG practices, rewarding environmental innovation and momentum. The Fund aims to extend TwentyFour’s sustainable range applying our successful track record seeking global relative value in sustainable fixed income investing.
Credit investments sourced from the global fixed income universe - will invest primarily (approximately 70%) in investment grade corporate bonds, but may also invest in government bonds and up to 20% in high yield issues.
Will be managed with strong focus on capital preservation and mitigating volatility. Use of TwentyFour’s proprietary relative value database (‘Observatory’) which also includes our ESG scoring system, meaning ESG analysis is deeply integrated into the Fund’s credit research process, ensuring that all ESG factors are taken into account for every investment decision. Negative and positive screening is applied.
All data is as at 15 Nov 2024 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Ireland |
| Type of Fund | Irish Authorised UCITS Compliant OEIC |
| Share Class Currency | GBP |
| Year End | 31 December |
| Index | G0BC Index |
| Fund Launch Date | 18 Jul 2024 |
| Share Class Launch date | 19 Jul 2024 |
| Distribution Type | Acc |
| Distribution Frequency | Quarterly |
| Dealing | Daily |
| ISA/SIPP Eligible | Yes |
| Fund Registrations | GB, IE |
| Share Class Registrations | GB, IE |
| Highest since launch | 100.30 |
|---|---|
| Lowest since launch | 98.63 |
| Fund size in mln. | 7.85 |
| Management fee | 0.40% |
|---|
| ISIN | IE000GIMZ1H0 |
|---|---|
| Bloomberg | TFSEIGA ID |
| SEDOL | BLFDQ68 |
| Auditor | Grant Thornton |
|---|---|
| Depository | Northern Trust Fiduciary Services (Ireland) Limited |
| Fund Administrator | Northern Trust |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee |
|---|---|---|---|---|---|---|
| Acc | GBP | IE000C040A25 | Acc | Retail | 19 Jul 2024 | 1.78% |
| I Acc | GBP | IE000GIMZ1H0 | Acc | Institutional | 19 Jul 2024 | 0.40% |
| I Inc | GBP | IE000502QSN6 | Dist | Institutional | 19 Jul 2024 | 0.40% |
| Inc | GBP | IE000KJT1JO3 | Dist | Retail | 19 Jul 2024 | 1.78% |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
* TER includes performance fee where applicable
All data is as at 14 Oct 2024 unless otherwise indicated.
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RISKS
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Limited participation in the potential of single securities
Success of single security analysis and active management cannot be guaranteed
It cannot be guaranteed that the investor will recover the capital invested
Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility
Interest rates may vary, bonds suffer price declines on rising interest rates
Investments in foreign currencies are subject to currency fluctuations
High-yield bonds (non-investment-grade bonds/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated bonds
The fund has the ability to use derivatives, including but not limited to FX forwards, for hedging and EPM purposes only. This may magnify gains or losses
Typically, sub-investment grade securities will have a higher risk of default, and are generally considered to be more illiquid than investment grade securities
Information on how environmental and social objectives are achieved and how sustainability risks are managed in this Fund may be obtained from here.
Morningstar rating: © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
