Fact sheet: TwentyFour Dyn Bd

Fund information
Fund name
TwentyFour Dynamic Bond I Net Acc GBP
Fund manager company
TwentyFour Asset Management LL
Fund type
OEIC
Fund managers
  • Robert Arnoldsince 07/09/2016
  • Mark Holmansince 26/04/2010
  • Gary Kirksince 26/04/2010
  • Felipe Villarroelsince 02/03/2011
  • Eoin Walshsince 26/04/2010
  • Pierre Beniguelsince 22/04/2014
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
  • 3 Month LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.3%
1 Year rank in sector
4/81
Sector
UT Sterling Strategic Bond
Yield
4.5%
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.
0.77%
Fund size
£1,673m (£1,441m 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.
20
Mid price
162.7232
Top in this sector
Fund name1 Year
GAM Credit Opportunities GBP6.9%
Epworth Affirmative Fixed Interest6.4%
Artemis High Income5.6%
TwentyFour Dyn Bd5.3%
Schroder Strategic Bond5.2%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK31.1%
    Europe29.3%
    North America18.6%
    Pacific Rim8.2%
    South America4.7%
  • Banks24.5%
    High Yield Bond20.9%
    Government Bonds13.9%
    Asset/Mortgage-Backed Securities13.7%
    Others11.7%
  • UK Fixed Interest32.8%
    European Fixed Interest28.2%
    North American Fixed Interest15.7%
    Asia Pacific Fixed Interest13.9%
    American Emerging Fixed Interest4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-0.6%1%5.3%12.1%31.1%
Sector-0.1%-1.3%-0.5%1.3%8.2%18.2%
Rank within sector15 / 8513 / 852 / 834 / 8116 / 756 / 69
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund0.4%8.9%4.5%2.6%5.7%
Sector-1.3%4.9%7.3%-0.3%6.8%
Rank within sector4 / 855 / 8167 / 764 / 7343 / 72
Quartile1st1st4th1st3rd
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.
0.8
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.
1.03
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.
0.06
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%.
4.2
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.
2.55
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.
0.33
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.
0.63
Price movement
52 week high163.84
52 week low154.73
Current bid price-
Current offer price-
Current mid price162.72
Region
1UK31.1%
2Europe29.33%
3North America18.55%
4Pacific Rim8.18%
5South America4.65%
6Others3.73%
7Asia3.55%
8Africa0.92%
Industry sector
1Banks24.5%
2High Yield Bond20.94%
3Government Bonds13.89%
4Asset/Mortgage-Backed Securities13.71%
5Others11.65%
6Insurance10.59%
7Cash & Cash Equivalents3.73%
8Investment Grade Corporate Bonds0.99%
Asset type
1UK Fixed Interest32.75%
2European Fixed Interest28.16%
3North American Fixed Interest15.68%
4Asia Pacific Fixed Interest13.87%
5American Emerging Fixed Interest4.78%
6Global Fixed Interest3.86%
7African Fixed Interest0.89%
Individual holdings
1AUSTRALIAN GOVT LOANS(CMNWLTH OF) 2% LN STK 21/12/21 AUD1007.85%
2UNITED STATES OF AMER TREAS BILLS 1.875% BDS 31/12/19 USD1006.04%
3NWIDE 10.25 PERP CCDS2.75%
4COVENTRY BUILDING SOCIETY 6.375% UNDATED NTS GBP2000002.61%
5GARFUNKELUX HOLDCO 3 SA 8.5% BDS 01/11/22 GBP10001.56%
6NATIONWIDE BUILDING SOCIETY 6.875% UNDATED BDS GBP1000001.56%
7TRANSOCEAN PARTNERS LLC 7.75% NTS 15/10/24 USD10001.49%
8CABOT FINANCIAL LUXEMBOURG SA 7.5% BDS 01/10/23 GBP100000 REG S1.42%
9CHENIERE CORP CHRISTI HLDGS 7% BDS 30/06/24 USD100000 REG S1.31%
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
  • 3 Month LIBOR
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert Arnold07/09/2016Portfolio Manager, 14 years' experience. Previously worked at Barclays Capital for six years in both London and New York, worked for six years at a credit hedge fund in the US and for two years at Societe Generale in New York.
Mark Holman26/04/2010Mark is one of the founding partners of TwentyFour, and serves as the firm’s Chief Executive Officer.
Gary Kirk26/04/2010Partner with 29 years' of credit market experience;previously Head of Proprietary Credit Trading at Wachovia
Felipe Villarroel02/03/2011Portfolio Manager, 7 years' experience. Previously Asset Allocation and Strategy Analyst at Celfin Capital in Chile
Eoin Walsh26/04/2010Partner with 18 years' experience; previously senior portfolio manager at Citi Alternative.
Pierre Beniguel22/04/2014Portfolio Manager with 5 years' experience. Previously part of the loan trading group at Portigon Financial Services AG.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TwentyFour Dynamic Bond A Gr Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.9993
CurrencyGBP
Price updated23/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZU4
TwentyFour Dynamic Bond A Net Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price15.7008
CurrencyGBP
Price updated23/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZU3
TwentyFour Dynamic Bond A Net Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.3536
CurrencyGBP
Price updated05/02/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZU2
TwentyFour Dynamic Bond I Gr Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price175.5635
CurrencyGBP
Price updated23/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZU7
TwentyFour Dynamic Bond I Gr Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price112.0451
CurrencyGBP
Price updated23/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZU6
TwentyFour Dynamic Bond I Net Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price162.7232
CurrencyGBP
Price updated23/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZU9
TwentyFour Dynamic Bond I Net Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price111.9835
CurrencyGBP
Price updated23/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZU8
TwentyFour Dynamic Bond M Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7UF
TwentyFour Dynamic Bond M Gr Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price108.3011
CurrencyGBP
Price updated23/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGWVJ
Data provided by

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