Fact sheet: TwentyFour Corporate Bond

Fund information
Fund name
TwentyFour Corporate Bond Dis GBP
Fund manager company
TwentyFour Global Inv Fds PLC
Fund type
OEIC
Fund managers
  • Chris Bowiesince 15/01/2015
  • Gordon Shannonsince 01/03/2015
Fund objective
The investment objective of the Fund is to exceed the median return of the IMA £Corporate Bond Sector over the medium to long term based on a combination of income and capital growth. The Fund will aim to achieve a positive return although the objective is to exceed the return of the IMA £ Corporate Bond Sector, which may be negative in unfavourable market conditions.
Benchmark
  • iBoxx GBP Corporate Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.2%
1 Year rank in sector
15/23
Sector
FO Fixed Int - GBP Investment Grade
Yield
-
Fund size
£336m (£253m 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.
29
Top in this sector
Fund name1 Year
MGI UK Inflation Lkd Bd20.3%
GAM Star Credit Opps £8.8%
MGI UK Bond8.7%
JPM Sterling Bond8.5%
Sanlam Strategic Bond7.8%
...more in FO Fixed Int - GBP Investment Grade

Performance snapshot

Holdings snapshot

  • UK72.7%
    Europe18%
    North America6.7%
    Pacific Rim1.8%
    Money Market0.8%
  • Financials37.7%
    Investment Grade Corporate Bonds20.8%
    Mortgage & Secured Bonds15%
    Corporate Bonds9%
    Government Bonds8.3%
  • UK Fixed Interest72.7%
    European Fixed Interest18%
    North American Fixed Interest6.7%
    Asia Pacific Fixed Interest1.8%
    Money Market0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-3.4%2.6%6.2%--
Sector-1.2%-4%3%6.3%16.9%34.4%
Rank within sector11 / 239 / 238 / 2315 / 23--
Quartile2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7%----
Sector7.6%0.7%7.9%1.3%11.8%
Rank within sector16 / 23----
Quartile3rd
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 high104.16
52 week low95.38
Current bid price-
Current offer price-
Current mid price99.11
Region
1UK72.67%
2Europe18.02%
3North America6.74%
4Pacific Rim1.8%
5Money Market0.78%
Industry sector
1Financials37.73%
2Investment Grade Corporate Bonds20.75%
3Mortgage & Secured Bonds14.97%
4Corporate Bonds8.99%
5Government Bonds8.32%
6Fixed Interest8.13%
7Cash & Cash Equivalents0.78%
8High Yield Bond0.33%
Asset type
1UK Fixed Interest72.67%
2European Fixed Interest18.02%
3North American Fixed Interest6.74%
4Asia Pacific Fixed Interest1.8%
5Money Market0.78%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
TwentyFour Global Inv Fds PLC
Fund type
OEIC
Fund objective
The investment objective of the Fund is to exceed the median return of the IMA £Corporate Bond Sector over the medium to long term based on a combination of income and capital growth. The Fund will aim to achieve a positive return although the objective is to exceed the return of the IMA £ Corporate Bond Sector, which may be negative in unfavourable market conditions.
Benchmark
  • iBoxx GBP Corporate Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Bowie15/01/2015Chris 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).
Gordon Shannon01/03/2015Gordon 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.
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
TwentyFour Corporate Bond Acc GBP
Initial charge-
Annual charge0.45%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.76
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKZ7G
TwentyFour Corporate Bond Dis GBP
Initial charge-
Annual charge0.45%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.11
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKZ7F
TwentyFour Corporate Bond I Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNA9K
TwentyFour Corporate Bond I Acc GBP
Initial charge-
Annual charge0.25%
Min single investment£100,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.55
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKZ7E
TwentyFour Corporate Bond I Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNA9L
TwentyFour Corporate Bond I Dis GBP
Initial charge-
Annual charge0.25%
Min single investment£100,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.15
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKZ7D
Data provided by

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