A specialist bond fund that invests across a broad range of investment grade and non-investment grade European asset-backed securities (ABS), aiming to deliver an attractive level of income relative to prevailing interest rates.
Our Sustainable Enhanced Income ABS Fund can make use of less liquid securities to enhance the portfolio’s income. The team uses TwentyFour’s ESG Scoring Model to evaluate and monitor investments, combining a traditional negative screen with a positive screen.
All data is as at 14 Oct 2024 unless otherwise indicated.
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| A Inc GBP | 14.3% | -2.1% | 3.6% | 2.4% | NA |
All data is as at 13 Dec 2024 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Ireland |
| Type of Fund | Irish Authorised ICAV (QIAIF) |
| Share Class Currency | GBP |
| Year End | 28 February |
| Index | Bank of England SONIA Overnight Rate |
| Fund Launch Date | 20 Aug 2020 |
| Share Class Launch date | 20 Aug 2020 |
| Distribution Type | Dist |
| Distribution Frequency | Quarterly |
| Dealing | Weekly |
| Fund Registrations | GB, IE |
| Share Class Registrations | GB, IE |
| Highest since launch | 109.69 |
|---|---|
| Lowest since launch | 95.67 |
| Fund size in mln. | 276.33 |
| Management fee | 0.45% |
|---|---|
| OCF | 0.63% (31 Aug 2023) |
| ISIN | IE00BMX0BJ68 |
|---|---|
| Bloomberg | TFEIBGI ID |
| SEDOL | BMX0BJ6 |
| Auditor | Grant Thornton |
|---|---|
| Depository | Northern Trust Fiduciary Services (Ireland) Limited |
| Registrar | Northern Trust International Fund Administration Services (Ireland) Limited |
| AIFM | Waystone Management Company (IE) Limited |
| Fund Administrator | Northern Trust |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | OCF |
|---|---|---|---|---|---|---|---|
| A ACC CHF | CHF | IE000N38Y625 | Acc | Institutional | 1 Nov 2020 | 0.45% | 0.68% (31 Aug 2023) |
| A Acc | GBP | IE00BMX0BH45 | Acc | Institutional | 1 Nov 2020 | 0.45% | 0.63% (31 Aug 2023) |
| A Inc | GBP | IE00BMX0BJ68 | Dist | Institutional | 20 Aug 2020 | 0.45% | 0.63% (31 Aug 2023) |
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
The structure of ABS/MBS and the pools backing them might be intransparent which exposes the subfund to additional credit and prepayment risks (extension or contraction risks) depending on which tranche of ABS/MBS is purchased by the subfund
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.
