Fact sheet: Vntbl TwntFor Abs 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 27/08/2015
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
4.3%
1 Year rank in sector
22/131
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
£108m (£20m last year)
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK65.2%
    Europe14.1%
    North America11.2%
    Money Market5.5%
    Pacific Rim4%
  • BBB72.5%
    A16.1%
    AAA5.5%
    Non-Rated4.2%
    BB1.7%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.9%2.5%4.3%--
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector95 / 14094 / 14026 / 13822 / 131--
Quartile3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund4.5%----
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector22 / 131----
Quartile1st
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 high106.14
52 week low98.78
Current bid price-
Current offer price-
Current mid price105.09
Region
1UK65.17%
2Europe14.11%
3North America11.22%
4Money Market5.47%
5Pacific Rim4.03%
Industry sector
1BBB72.53%
2A16.11%
3AAA5.47%
4Non-Rated4.21%
5BB1.68%
Asset type
No data available.
Individual holdings
1LLYDIN 7.421 06/21/493.01%
2GKNLN 6.75 10/28/192.82%
3ARQIVA 4.04 06/30/20 EMTN2.7%
4RACLN 4.565 05/06/23 EMTN2.53%
5FCACAP 1.625 09/29/21 EMTN2.52%
6LVFRSC 6.5% 22/05/20432.45%
7RSALN 6.701 05/29/492.44%
8AMLLN 6.5 12/19/262.42%
9SBRYLN 6.5 12/29/492.36%
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 Bowie27/08/2015Chris 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 IV Compliant, 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 price101.14
CurrencyCHF
Price updated07/12/2016
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 price101.35
CurrencyEUR
Price updated07/12/2016
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 price104.22
CurrencyUSD
Price updated07/12/2016
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 price99.64
Offer price99.64
Mid price-
CurrencyGBP
Price updated07/12/2016
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 price105.05
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMQFK
Vontobel TwentyFour Absolute Return Credit AQG
-
-
-
-
-
-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.1
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNO2P
Vontobel TwentyFour Absolute Return Credit AQHG EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.09
CurrencyEUR
Price updated07/12/2016
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 price103.13
Offer price103.13
Mid price-
CurrencyEUR
Price updated07/12/2016
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 price102.07
CurrencyUSD
Price updated07/12/2016
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 price104.3
Offer price104.3
Mid price-
CurrencyGBP
Price updated07/12/2016
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 price103.7
CurrencyGBP
Price updated07/12/2016
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 price105.15
Offer price105.15
Mid price-
CurrencyGBP
Price updated07/12/2016
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 price103.28
Offer price103.28
Mid price-
CurrencyEUR
Price updated07/12/2016
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 price105.11
Offer price105.11
Mid price-
CurrencyGBP
Price updated07/12/2016
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 price105.09
CurrencyGBP
Price updated07/12/2016
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 price105.07
CurrencyGBP
Price updated07/12/2016
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.