Fact sheet: TwentyFour Asset Backed Income

Fund information
Fund name
TwentyFour Asset Backed Income A Inc GBP
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund managers
  • Rob Fordsince 16/01/2013
  • Ben Haywardsince 16/01/2013
  • Aza Teeuwensince 16/01/2013
  • Douglas Charlestonsince 16/06/2013
Fund objective
The Fund aims to provide an attractive level of income along with an opportunity for capital growth.
Benchmark
  • LIBOR GBP 3 month
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.3%
1 Year rank in sector
111/124
Sector
UT Specialist
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.67%
Fund size
£140m (£122m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
27
Mid price
1.1359
Top in this sector
Fund name1 Year
MFM Junior Gold134.7%
WAY Charteris Gd Prcsml124.2%
Old Mutual JPM Nat Res87.6%
Smith & Williamson GblGld&Res86.8%
JPM Natural Resources85.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • International37.5%
    UK34.2%
    Italy8.7%
    Germany6.5%
    Netherlands4.3%
  • Asset/Mortgage-Backed Securities82.8%
    Mutual Funds6.4%
    Consumer Goods6.3%
    Money Market3.7%
    Loan Stocks0.8%
  • Global Fixed Interest37.5%
    UK Fixed Interest34.2%
    Italian Fixed Interest8.7%
    German Fixed Interest6.5%
    Dutch Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%1.1%3.7%2.3%14.9%-
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector61 / 12446 / 12595 / 125111 / 12470 / 114-
Quartile2nd2nd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.7%-0.1%11.6%--
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector109 / 12459 / 11914 / 115--
Quartile4th2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.78
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.02
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.22
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.79
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
11.02
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.08
Price movement
52 week high1.16
52 week low1.07
Current bid price-
Current offer price-
Current mid price1.14
Region
1International37.48%
2UK34.21%
3Italy8.74%
4Germany6.54%
5Netherlands4.25%
6Portugal4.07%
7Money Market3.69%
8Spain1.02%
Industry sector
1Asset/Mortgage-Backed Securities82.79%
2Mutual Funds6.43%
3Consumer Goods6.25%
4Money Market3.69%
5Loan Stocks0.84%
Asset type
1Global Fixed Interest37.48%
2UK Fixed Interest34.21%
3Italian Fixed Interest8.74%
4German Fixed Interest6.54%
5Dutch Fixed Interest4.25%
6Portuguese Fixed Interest4.07%
7Money Market3.69%
8Spanish Fixed Interest1.02%
Individual holdings
1UKML6.43%
2LUSI 54.07%
3INTS 33.29%
4RLOC 2007-12.82%
5AVOCA VII-X2.58%
6SCGC 2015-12.57%
7RMS 252.5%
8DRYD 2014-352.49%
9CBFLU 12.48%
Management
Fund manager group
TwentyFour
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund objective
The Fund aims to provide an attractive level of income along with an opportunity for capital growth.
Benchmark
  • LIBOR GBP 3 month
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Rob Ford16/01/2013Partner with 30 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital
Ben Hayward16/01/2013Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
Aza Teeuwen16/01/2013Portfolio Manager with 9 years' structured finance experience; previously buy-side analyst for IMC asset management
Douglas Charleston16/06/2013Portfolio Manager with 9 years' experience. Previous roles include a structurer at Lloyds and ratings analyst at S&P
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TwentyFour Asset Backed Income A Gr Inc GBP
Initial charge5%
Annual charge0.48%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price1.1403
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI27A
TwentyFour Asset Backed Income A Inc GBP
Initial charge5%
Annual charge0.48%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1.1359
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI26Z
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.