Fact sheet: TwentyFour Senior Secured Bd

Fund information
Fund name
TwentyFour Senior Secured Bond EUR
Fund manager company
TwentyFour Global Inv Fds PLC
Fund type
OEIC
Fund managers
  • Rob Fordsince 18/11/2013
  • Ben Haywardsince 18/11/2013
  • Aza Teeuwensince 18/11/2013
Fund objective
The Fund aims to generate income in excess of prevailing short-term interest rates whilst maintaining an overriding focus on capital preservation.
Benchmark
  • LIBOR EUR 3 month
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.9%
1 Year rank in sector
21/25
Sector
FO Fixed Int - Europe
Yield
-
Fund size
£90m
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.
71
Top in this sector
Fund name1 Year
Morg Stnly Erpn Cur HiYd Bd15.2%
Robeco Eurpn Hi Yld Bds14.4%
Henderson HzEurHighYldBd14.2%
Fidelity Inst Eur Hi Yld13.4%
T. Rowe Price EurHiYdBd12.7%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • UK60%
    Netherlands13.3%
    Money Market10.2%
    Germany8.8%
    Finland4%
  • Fixed Interest89.8%
    Money Market10.2%
  • UK Fixed Interest60%
    Dutch Fixed Interest13.3%
    Money Market10.2%
    German Fixed Interest8.8%
    Finnish Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%0.4%0.9%--
Sector0.4%1.9%1.4%6.9%10.9%26.8%
Rank within sector22 / 2722 / 2719 / 2721 / 25--
Quartile4th4th3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.2%0.8%---
Sector0.6%5.1%1.1%5.2%4.2%
Rank within sector19 / 2722 / 25---
Quartile3rd4th
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 high99.78
52 week low99.09
Current bid price-
Current offer price-
Current mid price99.56
Region
1UK59.96%
2Netherlands13.28%
3Money Market10.24%
4Germany8.79%
5Finland3.99%
6France3.1%
7Norway0.65%
Industry sector
1Fixed Interest89.76%
2Money Market10.24%
Asset type
1UK Fixed Interest59.96%
2Dutch Fixed Interest13.28%
3Money Market10.24%
4German Fixed Interest8.79%
5Finnish Fixed Interest3.99%
6French Fixed Interest3.1%
7Norwegian Fixed Interest0.65%
Individual holdings
1LEEK 197.75%
2PENARTH6.47%
3DOLPHIN5.64%
4HWKSM 2016-25.2%
5TPMF 2016-AU105.19%
6BUMP 74.42%
7SCGA 2016-14.37%
8HWKSM 2016-14.36%
9KIMI 53.99%
Management
Fund manager group
No data available.
Fund manager company
TwentyFour Global Inv Fds PLC
Fund type
OEIC
Fund objective
The Fund aims to generate income in excess of prevailing short-term interest rates whilst maintaining an overriding focus on capital preservation.
Benchmark
  • LIBOR EUR 3 month
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Rob Ford18/11/2013Partner with 30 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital
Ben Hayward18/11/2013Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
Aza Teeuwen18/11/2013Aza joined TwentyFour in 2011 and has over 8 years’ experience in Asset Backed Securities. Aza is a member of the ten-strong portfolio management team where his primary responsibility is the co-management of the Firm’s ABS based public bond Funds, as well as a number of bespoke portfolios for institutional clients. Before joining TwentyFour, Aza worked at IMC asset management, in Amsterdam, for 4 years. Aza worked on the structured products desk that managed European Mezzanine ABS, CDOs and High Yield ABS funds. At IMC he was responsible for analysis, monitoring, trading and he played an active role in the portfolio management of the different mandates. Aza brings experience in predominantly Dutch, German and South European RMBS/ABS and CLOs. Additionally Aza was involved in the structuring of a private transaction of a German portfolio of mortgages and consumer loans.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
TwentyFour Senior Secured Bond EUR
Initial charge-
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.56
CurrencyEUR
Price updated21/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM9GL
TwentyFour Senior Secured Bond I GBP
Initial charge-
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.06
CurrencyGBP
Price updated21/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM2IJ
Data provided by

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