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
  • Aza Teeuwensince 16/01/2013
  • Rob Fordsince 16/01/2013
  • Ben Haywardsince 16/01/2013
  • Douglas Charlestonsince 17/06/2013
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
12.9%
1 Year rank in sector
77/110
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
£146m (£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.
26
Mid price
1.1909
Top in this sector
Fund name1 Year
Jupiter India52.3%
Neptune Russia & Gtr Rus51.6%
F&C UK Equity Linked Inflation50.5%
F&C Overseas Eq Lkd UK Infln44.9%
Baring German Gth44.6%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • UK36.5%
    International32.9%
    Italy8.4%
    Germany6.9%
    Money Market5.8%
  • Asset/Mortgage-Backed Securities87.7%
    Mutual Funds6.4%
    Cash & Cash Equivalents5.8%
    Loan Stocks0.2%
  • UK Fixed Interest36.5%
    Global Fixed Interest32.9%
    Italian Fixed Interest8.4%
    German Fixed Interest6.9%
    Money Market5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%3%7.8%12.9%13.2%-
Sector1.2%-0.1%6.6%19.7%21.1%40%
Rank within sector61 / 11223 / 11046 / 11077 / 11071 / 103-
Quartile3rd1st2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund6.6%3.6%-0.1%11.6%-
Sector3.9%22.7%-4.5%1.2%4.5%
Rank within sector31 / 11094 / 10948 / 10513 / 101-
Quartile2nd4th2nd1st
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.
3.88
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.
0.07
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.
0.14
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%.
5.67
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.
10.54
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.
-0.33
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.01
Price movement
52 week high1.19
52 week low1.08
Current bid price-
Current offer price-
Current mid price1.19
Region
1UK36.46%
2International32.85%
3Italy8.42%
4Germany6.86%
5Money Market5.77%
6Portugal4.66%
7Netherlands3.68%
8Spain1.3%
Industry sector
1Asset/Mortgage-Backed Securities87.67%
2Mutual Funds6.36%
3Cash & Cash Equivalents5.77%
4Loan Stocks0.2%
Asset type
1UK Fixed Interest36.46%
2Global Fixed Interest32.85%
3Italian Fixed Interest8.42%
4German Fixed Interest6.86%
5Money Market5.77%
6Portuguese Fixed Interest4.66%
7Dutch Fixed Interest3.68%
8Spanish Fixed Interest1.3%
Individual holdings
1UKML6.36%
2LUSI 53.89%
3INTS 33.28%
4RMS 252.53%
5SCGC 2015-12.46%
6ARBR 32.45%
7CBFLU 12.43%
8OPTOM 12.43%
9DRYD 2014-352.23%
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
Aza Teeuwen16/01/2013Portfolio Manager with 10 years' structured finance experience; previously buy-side analyst for IMC asset management
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
Douglas Charleston17/06/2013Portfolio 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 price1.193
CurrencyGBP
Price updated22/05/2017
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 price1.1909
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI26Z
Data provided by

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