Fact sheet: TwentyFour Core Corp

Fund information
Fund name
TwentyFour Core Corporate A
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund managers
  • Gordon Shannonsince 25/01/2016
  • Chris Bowiesince 25/01/2016
Fund objective
The Fund aims to provide income and capital growth and to target an overall return in excess of that achieved by the iBoxx GBP Corporate Bond Index (the benchmark index) over a rolling 3 year period.
Benchmark
No data available.
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
UT Sterling Corporate Bond
Yield
3.4%
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.
0.55%
Fund size
£75m (£58m 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.
32
Mid price
1.0118
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond13.5%
F&C Instl Lg Dtd Corp Bd12.5%
Henderson Inst Long Dat Cr12.4%
Newton Long Corporate Bond12.4%
Insight UK Corp Lg Mat Bd11.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials37.7%
    Corporate Bonds32.4%
    Mortgage & Secured Bonds10.5%
    Others9.5%
    Government Bonds4.4%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-4.6%0.5%---
Sector-1.3%-4.6%2.5%6.7%17.5%35%
Rank within sector83 / 9744 / 9492 / 94---
Quartile4th2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1.07
52 week low0.99
Current bid price-
Current offer price-
Current mid price1.01
Region
No data available.
Industry sector
1Financials37.7%
2Corporate Bonds32.42%
3Mortgage & Secured Bonds10.5%
4Others9.45%
5Government Bonds4.42%
6High Yield Bond2.97%
7Money Market2.54%
Asset type
No data available.
Individual holdings
1UKT 2 09/07/254.91%
2NWIDE 6.875 12/29/49 EMTN3.31%
3SBRYLN 6.5 12/29/493.29%
4GKNLN 6.75 10/28/193.03%
5LLYDIN 7.421 06/21/492.99%
6SIEGR 6.125 09/14/662.94%
7NGGLN 5.625 06/18/73 GBP2.93%
8LVFRSC 6.5 05/22/432.7%
9RLMI 6.125 11/30/432.56%
Management
Fund manager group
TwentyFour
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund objective
The Fund aims to provide income and capital growth and to target an overall return in excess of that achieved by the iBoxx GBP Corporate Bond Index (the benchmark index) over a rolling 3 year period.
Benchmark
No data available.
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Gordon Shannon25/01/2016Gordon joined TwentyFour in 2015 as a Portfolio Manager in the Outcome and Index Driven team. He has over 8 years of experience in fixed income. Gordon’s main responsibility is management of the firm’s Corporate Bond and Absolute Return Credit funds. Before joining TwentyFour, Gordon was a portfolio manager at Ignis Asset Management, helping to run £14bn of retail, institutional and insurance portfolios on the firm’s credit desk. Gordon worked at Ignis for 8 years, initially as an investment analyst where he covered, utilities, telecoms and insurance before joining the portfolio management team to run several euro and sterling corporate bond mandates. While at Ignis Gordon became a CFA charter holder. Prior to this Gordon worked as a Pensions Consultant at Watson Wyatt for two years, after graduating from Cambridge University in 2005 with a degree in Economics.
Chris Bowie25/01/2016Chris is one of the partners at TwentyFour, joining in September 2014 to create and manage the Outcome and Index Driven business line. This business line sits between the ABS and Unconstrained strategies and tends to have greater exposure to interest rate sensitive bonds, where the active management of duration risk is a key determinant of absolute and relative performance. Day to day, Chris is the lead manager for the Corporate Bond Fund and Absolute Return Credit Fund. He also is a member of the firm’s Investment Committee. Chris has 21 years of experience across fixed income markets, having been Head of Credit at Ignis for 10 years, and Head of Rates at AEGON (now Kames). Before AEGON, Chris was a senior portfolio manager at Murray Johnstone Ltd (which was acquired by Aberdeen Asset management).
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TwentyFour Core Corporate A
Initial charge5%
Annual charge0.3%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1.0118
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMVJN
TwentyFour Core Corporate A Gr Inc GBP
Initial charge5%
Annual charge0.3%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1.0129
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMVJO
Data provided by

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