Sustainable fund page

Sustainable

Our Sustainable funds are designed to reward bond issuers that demonstrate sound Environmental, Social and Governance practices, while penalising those that don’t.

These funds deploy a negative screen that rules out all the sectors investors concerned with sustainability would expect – alcohol, tobacco, gambling and so on – but then crucially add a positive screen with a minimum threshold for our ESG score. Our research has shown that with this proprietary mix of positive and negative screens, which we have tailored to the specific challenges of sustainable investing in fixed income, our investors don’t need to sacrifice returns in order to pursue sustainable objectives.

Learn more about our approach to Sustainability

Funds

4 funds available
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TwentyFour Sustainable Enhanced Income ABS Fund
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Asset-Backed Securities
Share class Currency ISIN Valor NAV YTD As at
A ACC CHF CHF IE000N38Y625 113.32 6.79% 29 Nov 2024
A Acc GBP IE00BMX0BH45 130.16 10.73% 29 Nov 2024
A Inc GBP IE00BMX0BJ68 108.14 10.70% 29 Nov 2024
TwentyFour Sustainable Global Corporate Bond Fund
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Investment Grade
Share class Currency ISIN Valor NAV YTD As at
Acc GBP IE000C040A25 100.00 - 19 Sep 2024
I Acc GBP IE000GIMZ1H0 100.46 0.46% 4 Dec 2024
I Inc GBP IE000502QSN6 100.41 0.41% 4 Dec 2024
Inc GBP IE000KJT1JO3 100.00 - 19 Sep 2024
Investment Grade
Share class Currency ISIN Valor NAV YTD As at
AHI (hedged) EUR LU2081486727 51133685 85.10 4.04% 5 Dec 2024
AHI (hedged) USD LU2210409616 56212864 98.25 5.51% 5 Dec 2024
AHI (hedged) CHF LU2210410036 56212872 87.20 1.58% 5 Dec 2024
AN GBP LU2386632371 113621592 95.34 5.50% 5 Dec 2024
AQG GBP LU2081485596 51132454 95.41 5.68% 5 Dec 2024
AQHNG (hedged) EUR LU2081486487 51132510 92.70 4.16% 5 Dec 2024
AQHNG (hedged) USD LU2403268092 114481675 97.81 5.75% 5 Dec 2024
AQI GBP LU2081485919 51151249 97.29 5.54% 5 Dec 2024
AQN GBP LU2081486057 51151278 99.17 5.51% 5 Dec 2024
AQNG GBP LU2081485679 51132474 94.63 5.65% 5 Dec 2024
G GBP LU2081485240 51132430 109.79 5.68% 5 Dec 2024
HI (hedged) EUR LU2081486560 51132543 102.39 3.94% 5 Dec 2024
HI (hedged) CHF LU2210409962 56212870 97.82 1.61% 5 Dec 2024
HI (hedged) USD LU2081487709 51155828 109.86 5.61% 5 Dec 2024
HNG (hedged) EUR LU2081486214 51132436 102.04 4.09% 5 Dec 2024
HNG (hedged) USD LU2386631993 113621000 107.93 5.79% 5 Dec 2024
N GBP LU2081485836 51151238 107.31 5.50% 5 Dec 2024
NG GBP LU2081485323 51132452 109.55 5.64% 5 Dec 2024
Flexible Bonds
Share class Currency ISIN Valor NAV YTD As at
AQG GBP LU2549760085 122680202 104.75 9.42% 5 Dec 2024
AQHG (hedged) USD LU2549759400 122678960 109.65 9.59% 5 Dec 2024
AQHG (hedged) EUR LU2549760838 122677864 113.31 8.05% 5 Dec 2024
AQHNG (hedged) EUR LU2549761489 122677868 113.29 8.03% 5 Dec 2024
AQHNG (hedged) USD LU2549759582 122680198 117.08 9.65% 5 Dec 2024
AQI GBP LU2549759665 122680199 116.01 9.29% 5 Dec 2024
AQN GBP LU2549760242 122677863 105.86 9.23% 5 Dec 2024
AQNG GBP LU2549759749 122680200 103.83 9.38% 5 Dec 2024
G GBP LU2549760168 122677837 116.39 9.42% 5 Dec 2024
HG (hedged) USD LU2549759152 122678854 117.10 9.66% 5 Dec 2024
HG (hedged) EUR LU2549761059 122677866 113.31 8.05% 5 Dec 2024
HNG (hedged) USD LU2549759236 122678955 117.08 9.65% 5 Dec 2024
HNG (hedged) EUR LU2549758345 122680411 113.14 7.89% 5 Dec 2024
I GBP LU2549760598 122677887 116.01 9.29% 5 Dec 2024
N GBP LU2549760325 122677872 115.94 9.23% 5 Dec 2024
NG GBP LU2549761562 122677869 116.30 9.39% 5 Dec 2024

Why choose active ESG?

At TwentyFour, we believe a truly sustainable approach to bond investing requires active management. Here are five reasons why.

+ The data problem

ESG data in the fixed income space is often limited and typically covers only up to 60% of the investable universe, so index construction can be difficult and unreliable. Active managers are able to fill this data gap through rigorous in-house research.

+ Inconsistent scoring

Different ESG data providers often award the same company vastly different ESG scores based on the issues they consider material. For example, Tesla typically gets a high environmental score for its work on electric vehicles but is given a low governance score and marked down for toxic material mining practices. So is it a good or bad ESG investment? That will depend heavily on the data provider, and what weighting their scoring process gives to the E versus the G.

+ Qualitative metrics

Active research takes into account qualitative metrics such as controversies, which rules-based models often struggle to pick up. Even when they do, what some of these models consider material may not be a negative issue. For example, the Asset4 model considers acquisitions a ‘controversy’, something the TwentyFour portfolio management team may disagree with in certain circumstances, since acquisitions are not inherently negative to bondholders and as such should be judged on a case by case basis.

+ Forced buyers

Passive funds can become forced buyers when an index is rebalanced, and conversely cannot sell out of a company that is in the index. As a result, engagement that will actually drive change is difficult or impossible.

+ Static approach

Passive investing doesn’t take into account momentum, i.e. a company’s movement in the direction of positive or negative change. Negative screening rules can work in some circumstances, but the role of sustainable investing is also to push for better ESG outcomes, for which an active approach is far better suited.

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