Fact sheet: Vntbl TwntFor Ab Rtn Cr

Fund information
Fund name
Vontobel TwentyFour Absolute Return Credit N
Fund manager company
TwentyFour Asset Management LL
Fund type
Offshore Fund
Fund manager
  • Chris Bowiesince 28/08/2015
Fund objective
Vontobel Fund - TwentyFour Absolute Return Credit Fund (the Sub-Fund) aims to achieve a positive absolute return in any market environment over a period of 3 years by keep-ing a modest level of volatility
Benchmark
  • GBP 3 month Libor
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
27/134
Sector
FO Absolute Return
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.
0.66%
Fund size
£474m (£55m 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.
13
Top in this sector
Fund name1 Year
Polar Capital UK Abs Eq30.2%
SW Mitchell Emerging European26.3%
SWMC UK24.5%
SWMC European18.8%
F&C Ml Strat Gbl Eq15.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK72.5%
    Europe11.9%
    North America7.3%
    International3.2%
    Pacific Rim2.7%
  • BBB-29.7%
    BBB22.1%
    BBB+16.6%
    A-10%
    Unknown8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%1.4%3.7%6.7%--
Sector0.3%0.7%2.2%2.8%3.4%10.7%
Rank within sector21 / 14937 / 14836 / 13927 / 134--
Quartile1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund3%4.9%---
Sector1.6%0.7%0.7%1.2%3.6%
Rank within sector34 / 14625 / 127---
Quartile1st1st
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 high108.76
52 week low101.96
Current bid price-
Current offer price-
Current mid price108.76
Region
1UK72.47%
2Europe11.9%
3North America7.26%
4International3.16%
5Pacific Rim2.72%
6Money Market2.49%
Industry sector
1BBB-29.74%
2BBB22.13%
3BBB+16.58%
4A-9.95%
5Unknown8%
6AAA3.12%
7Non-Rated2.62%
8AA-2.54%
9Money Market2.49%
Asset type
No data available.
Individual holdings
17.421% SOCIETY OF LLOYD'S 2049 PERP2.6%
2PHOENIX GROUP HLDGS 5.75% GTD BDS 07/07/21 GBP1000002.6%
32.875% AA BOND CO LTD 20222.5%
44.5% INVESTEC PLC 20222.5%
51.75% UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND 22.4%
66.302% ELM BV FOR SWISS LIFE INSURANCE & PENSION GROUP PERP2.3%
75.625% NGG FINANCE PLC 20732.2%
814% BARCLAYS BANK PLC LONDON PERP2.1%
93.875% SSE PLC PERP2.1%
Management
Fund manager group
TwentyFour
Fund manager company
TwentyFour Asset Management LL
Fund type
Offshore Fund
Fund objective
Vontobel Fund - TwentyFour Absolute Return Credit Fund (the Sub-Fund) aims to achieve a positive absolute return in any market environment over a period of 3 years by keep-ing a modest level of volatility
Benchmark
  • GBP 3 month Libor
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Chris Bowie28/08/2015Chris 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).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Offshore, Portugal, Singapore
Vontobel TwentyFour Absolute Return Credit AH CHF
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.77
CurrencyCHF
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE83G
Vontobel TwentyFour Absolute Return Credit AH EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.27
CurrencyEUR
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE83H
Vontobel TwentyFour Absolute Return Credit AH USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.07
CurrencyUSD
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE83I
Vontobel TwentyFour Absolute Return Credit AI
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price103.12
Offer price103.12
Mid price-
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMS5O
Vontobel TwentyFour Absolute Return Credit AN
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.69
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMQFK
Vontobel TwentyFour Absolute Return Credit AQG Inc GBP
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.65
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNO2P
Vontobel TwentyFour Absolute Return Credit AQHG Inc EUR
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.39
CurrencyEUR
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC2OM
Vontobel TwentyFour Absolute Return Credit AQHN EUR
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)-
Bid price106.26
Offer price106.26
Mid price-
CurrencyEUR
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2JB
Vontobel TwentyFour Absolute Return Credit AQHNG USD
Initial charge-
Annual charge0.25%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.01
CurrencyUSD
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC1QQ
Vontobel TwentyFour Absolute Return Credit AQN GBP
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price107.91
Offer price107.91
Mid price-
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2JA
Vontobel TwentyFour Absolute Return Credit AQNG Inc GBP
Initial charge-
Annual charge0.25%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.06
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN8FO
Vontobel TwentyFour Absolute Return Credit G
Initial charge5%
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price108.89
Offer price108.89
Mid price-
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMS5M
Vontobel TwentyFour Absolute Return Credit HI EUR
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price106.36
Offer price106.36
Mid price-
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2JC
Vontobel TwentyFour Absolute Return Credit I
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price108.81
Offer price108.81
Mid price-
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMS5N
Vontobel TwentyFour Absolute Return Credit N
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.76
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQFJ
Vontobel TwentyFour Absolute Return Credit R
Initial charge5%
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.78
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQFI
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.