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
1%
1 Year rank in sector
19/25
Sector
FO Fixed Int - Europe
Yield
-
Fund size
£105m
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.
70
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds7.9%
T. Rowe Price EurHiYdBd7.1%
Fidelity Inst Eur Hi Yld6.6%
Babson Capital EnHgYdBd6.2%
Henderson HzEurHighYldBd6.1%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • UK66.1%
    Netherlands14.3%
    Germany8%
    France3.8%
    Money Market3.7%
  • Fixed Interest96.3%
    Money Market3.7%
  • UK Corporate Fixed Interest48.6%
    Global Fixed Interest34.1%
    Dutch Corporate Fixed Interest10.3%
    Cash & Cash Equivalents3.7%
    French Corporate Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.1%0.5%1%--
Sector-0.8%-0.7%2%2.6%10.7%30.7%
Rank within sector6 / 255 / 2617 / 2519 / 25--
Quartile1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.8%----
Sector3.8%1.1%5.2%4.2%11.7%
Rank within sector20 / 25----
Quartile4th
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
1UK66.08%
2Netherlands14.28%
3Germany7.95%
4France3.76%
5Money Market3.72%
6Norway3.51%
7Finland0.7%
Industry sector
1Fixed Interest96.28%
2Money Market3.72%
Asset type
1UK Corporate Fixed Interest48.57%
2Global Fixed Interest34.12%
3Dutch Corporate Fixed Interest10.34%
4Cash & Cash Equivalents3.72%
5French Corporate Fixed Interest3.27%
Individual holdings
1LEEK 197.95%
2PENARTH6.37%
3TPMF 2016-AU105.32%
4DOLPHIN4.93%
5HWKSM 2016-24.26%
6FSQ 2016-24.25%
7SCGA 2016-14.09%
8BUMP 73.86%
9KIMI 53.76%
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 updated01/12/2016
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 price101.9
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM2IJ
Data provided by

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