Fact sheet: TwentyFour Dyn Bd

Fund information
Fund name
TwentyFour Dynamic Bond I Net Acc GBP
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund managers
  • Felipe Villarroelsince 02/03/2011
  • Gary Kirksince 25/04/2010
  • Mark Holmansince 25/04/2010
  • Pierre Beniguelsince 21/04/2014
  • Eoin Walshsince 25/04/2010
Accolades
Fund objective
The Fund aims to provide an attractive level of income along with an opportunity for capital growth, by investing in a broad range of bonds and fixed-income assets.
Benchmark
  • 3 Month LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
1.9%
1 Year rank in sector
71/77
Sector
UT Sterling Strategic Bond
Yield
4.6%
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.
0.8%
Fund size
£1,412m (£1,348m 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
146.9946
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Europe39.5%
    UK37.2%
    North America15.9%
    Money Market3.2%
    Others3.1%
  • BB33.9%
    BBB29.9%
    B15.1%
    AAA11.2%
    Non-Rated4.6%
  • European Fixed Interest39.5%
    UK Fixed Interest37.2%
    North American Fixed Interest15.9%
    Money Market3.2%
    Global Fixed Interest3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-0.8%2.7%1.9%13.2%52.1%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector18 / 8318 / 8234 / 8271 / 7734 / 713 / 60
Quartile1st1st2nd4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.1%2.6%5.7%9.2%22.3%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector68 / 774 / 7441 / 726 / 645 / 61
Quartile4th1st3rd1st1st
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.
0.72
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.
0.96
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.
0.29
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%.
4.33
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.
2.97
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.
0.17
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.
0.53
Price movement
52 week high148.71
52 week low134.31
Current bid price-
Current offer price-
Current mid price146.99
Region
1Europe39.46%
2UK37.19%
3North America15.91%
4Money Market3.19%
5Others3.1%
6Pacific Rim0.67%
7South America0.48%
Industry sector
1BB33.94%
2BBB29.94%
3B15.13%
4AAA11.16%
5Non-Rated4.58%
6A4.4%
7CCC0.85%
Asset type
1European Fixed Interest39.46%
2UK Fixed Interest37.19%
3North American Fixed Interest15.91%
4Money Market3.19%
5Global Fixed Interest3.1%
6Asia Pacific Fixed Interest0.67%
7American Emerging Fixed Interest0.48%
Individual holdings
1T 2.5 05/15/465.07%
2COVBS 6.375 12/29/492.19%
3BACR 14 11/29/49 RCI1.96%
4NWIDE 6.875 12/29/49 EMTN1.72%
5CS 7.5 12/29/49 REGS1.67%
6LVFRSC 6.5% 22/05/20431.15%
7INLOTG 6 05/15/21 REGS1.13%
8HSXLN 6.125 11/24/451.11%
9ASSGEN 6.416 12/29/491.1%
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, by investing in a broad range of bonds and fixed-income assets.
Benchmark
  • 3 Month LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Felipe Villarroel02/03/2011Felipe joined TwentyFour in 2011 and his primary responsibility is the co-management of the firm's Funds. Prior to joining TwentyFour, Felipe worked as an Asset Allocation and Strategy Analyst at Celfin Capital in Chile. Here, Felipe took an active role in developing the team's Strategic view of the global macro economy and asset classes.
Gary Kirk25/04/2010Partner with 28 years' of credit market experience;previously Head of Proprietary Credit Trading at Wachovia
Mark Holman25/04/2010Mark is one of the founding partners of TwentyFour, and serves as the firm’s Chief Executive Officer.
Pierre Beniguel21/04/2014Portfolio Manager with 5 years' experience. Previously part of the loan trading group at Portigon Financial Services AG.
Eoin Walsh25/04/2010Partner with 18 years' experience; previously senior portfolio manager at Citi Alternative.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TwentyFour Dynamic Bond A Gr Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.7078
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZU4
TwentyFour Dynamic Bond A Net Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price14.2813
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZU3
TwentyFour Dynamic Bond A Net Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.3536
CurrencyGBP
Price updated05/02/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZU2
TwentyFour Dynamic Bond I Gr Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price158.486
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZU7
TwentyFour Dynamic Bond I Gr Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price108.7233
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZU6
TwentyFour Dynamic Bond I Net Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price146.9946
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZU9
TwentyFour Dynamic Bond I Net Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price108.4911
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZU8
TwentyFour Dynamic Bond M Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7UF
TwentyFour Dynamic Bond M Gr Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price104.6404
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGWVJ
Data provided by

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