Fact sheet: TwentyFour Focus Bond

Fund information
Fund name
TwentyFour Focus Bond A Inc
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund managers
  • Douglas Charlestonsince 16/06/2013
  • Rob Fordsince 29/02/2012
  • Ben Haywardsince 29/02/2012
  • Aza Teeuwensince 29/02/2012
  • Felipe Villarroelsince 29/02/2012
  • Gary Kirksince 29/02/2012
  • Eoin Walshsince 29/02/2012
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
  • LIBOR GBP 3 month
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
59/77
Sector
UT Sterling Strategic Bond
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.
0.83%
Fund size
£70m (£70m 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.
25
Mid price
1.0014
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • High Yield Bond36.2%
    Banks19.1%
    Asset/Mortgage-Backed Securities17.9%
    Insurance15.5%
    Money Market10.2%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1%3.2%3.9%11.8%-
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector7 / 833 / 8216 / 8259 / 7744 / 71-
Quartile1st1st1st4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.3%1.4%4%--
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector46 / 7714 / 7458 / 72--
Quartile3rd1st4th
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.
1.88
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.
0.32
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.
0.05
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%.
3.68
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.
5.05
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.
-0.37
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.
0.26
Price movement
52 week high1.02
52 week low0.96
Current bid price-
Current offer price-
Current mid price1
Region
No data available.
Industry sector
1High Yield Bond36.21%
2Banks19.14%
3Asset/Mortgage-Backed Securities17.87%
4Insurance15.45%
5Money Market10.16%
6Investment Grade Bonds1.17%
Asset type
No data available.
Individual holdings
1SRENVX 8.25 29/09/49 EMTN2.66%
2CGMSE 2013-1X D12.5%
3ACAFP 8.125% 29/10/20492.07%
4LLYDIN 7.421 06/21/492.04%
5GMG 2015-2 E12.03%
6ALTICE FINANCING SA 9% BDS 15/06/23 EUR1000002.02%
7VMED 7 04/15/23 REGS2.01%
8LGEN 5.875 03/29/49 EMTN1.93%
9AVOCA VII-X E11.91%
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
  • LIBOR GBP 3 month
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Douglas Charleston16/06/2013Portfolio Manager with 9 years' experience. Previous roles include a structurer at Lloyds and ratings analyst at S&P
Rob Ford29/02/2012Partner with 30 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital
Ben Hayward29/02/2012Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
Aza Teeuwen29/02/2012Portfolio Manager with 9 years' structured finance experience; previously buy-side analyst for IMC asset management
Felipe Villarroel29/02/2012Felipe 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 Kirk29/02/2012Partner with 28 years' of credit market experience;previously Head of Proprietary Credit Trading at Wachovia
Eoin Walsh29/02/2012Partner with 18 years' experience; previously senior portfolio manager at Citi Alternative.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TwentyFour Focus Bond A Gr Inc
Initial charge5%
Annual charge0.55%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price1.0508
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Y9A
TwentyFour Focus Bond A Inc
Initial charge5%
Annual charge0.55%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1.0014
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Y99
Data provided by

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