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

5 funds available

Hide all share classes Show all share classes

TwentyFour Sustainable Enhanced Income ABS Fund

Asset-Backed Securities

View 2 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A Acc GBP IE00BMX0BH45 - - -
A Inc GBP IE00BMX0BJ68 98.05 -2.11% 30 Dec 2022
TwentyFour Sustainable Multi Sector Credit Fund

Flexible Bonds

View 1 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A Inc GBP IE00BN4L5481 - - -
Vontobel Fund - TwentyFour Monument European Asset Backed Securities

Asset-Backed Securities

View 13 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A EUR LU1882612564 43753862 94.01 1.89% 2 Feb 2023
AHI (hedged) GBP LU2388185246 113723386 99.11 2.09% 2 Feb 2023
AQHG (hedged) GBP LU2388185089 113724408 99.39 2.13% 2 Feb 2023
AQHNG (hedged) GBP LU2388184868 113723425 99.33 2.12% 2 Feb 2023
HG (hedged) GBP LU2388185162 113724426 99.07 2.11% 2 Feb 2023
HI (hedged) USD LU1602256700 36484869 112.34 2.23% 2 Feb 2023
HI (hedged) GBP LU2388185329 113723424 98.99 2.05% 2 Feb 2023
HI (hedged) CHF LU1602256296 36484864 98.71 1.78% 2 Feb 2023
HN (hedged) GBP LU1882613372 43753896 103.50 2.10% 2 Feb 2023
HN (hedged) CHF LU1882613299 43753894 97.67 1.76% 2 Feb 2023
HNG (hedged) GBP LU2388184942 113724188 99.33 2.12% 2 Feb 2023
I EUR LU1602255561 36484858 101.52 1.95% 2 Feb 2023
N EUR LU1882613026 43753879 99.54 1.94% 2 Feb 2023
Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

Investment Grade

View 18 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
AHI (hedged) EUR LU2081486727 51133685 85.13 1.48% 2 Feb 2023
AHI (hedged) USD LU2210409616 56212864 98.99 1.79% 2 Feb 2023
AHI (hedged) CHF LU2210410036 56212872 92.23 1.36% 2 Feb 2023
AN GBP LU2386632371 113621592 93.81 1.68% 2 Feb 2023
AQG GBP LU2081485596 51132454 93.01 1.69% 2 Feb 2023
AQHNG (hedged) EUR LU2081486487 51132510 92.89 1.51% 2 Feb 2023
AQHNG (hedged) USD LU2403268092 114481675 95.03 1.82% 2 Feb 2023
AQI GBP LU2081485919 51151249 94.94 1.69% 2 Feb 2023
AQN GBP LU2081486057 51151278 97.28 1.69% 2 Feb 2023
AQNG GBP LU2081485679 51132474 92.52 1.69% 2 Feb 2023
G GBP LU2081485240 51132430 99.18 1.69% 2 Feb 2023
HI (hedged) EUR LU2081486560 51132543 95.53 1.51% 2 Feb 2023
HI (hedged) CHF LU2210409962 56212870 95.04 1.38% 2 Feb 2023
HI (hedged) USD LU2081487709 51155828 99.13 1.79% 2 Feb 2023
HNG (hedged) EUR LU2081486214 51132436 94.89 1.53% 2 Feb 2023
HNG (hedged) USD LU2386631993 113621000 97.12 1.81% 2 Feb 2023
N GBP LU2081485836 51151238 97.27 1.68% 2 Feb 2023
NG GBP LU2081485323 51132452 99.03 1.69% 2 Feb 2023
Vontobel Fund - TwentyFour Sustainable Strategic Income Fund

Flexible Bonds

View 17 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
AQG GBP LU2549760085 122680202 101.09 - 2 Feb 2023
AQHG (hedged) USD LU2549759400 122678960 101.08 - 2 Feb 2023
AQHG (hedged) EUR LU2549760838 122677864 101.03 - 2 Feb 2023
AQHNG (hedged) EUR LU2549761489 122677868 101.03 - 2 Feb 2023
AQHNG (hedged) USD LU2549759582 122680198 101.08 - 2 Feb 2023
AQI GBP LU2549759665 122680199 101.08 - 2 Feb 2023
AQN GBP LU2549760242 122677863 101.08 - 2 Feb 2023
AQNG GBP LU2549759749 122680200 101.08 - 2 Feb 2023
G GBP LU2549760168 122677837 101.09 - 2 Feb 2023
HG (hedged) USD LU2549759152 122678854 101.08 - 2 Feb 2023
HG (hedged) EUR LU2549761059 122677866 101.03 - 2 Feb 2023
HNG (hedged) USD LU2549759236 122678955 101.08 - 2 Feb 2023
HNG (hedged) EUR LU2549758345 122680411 101.03 - 2 Feb 2023
I GBP LU2549760598 122677887 101.08 - 2 Feb 2023
N GBP LU2549760325 122677872 101.08 - 2 Feb 2023
NG GBP LU2549761562 122677869 101.08 - 2 Feb 2023
R GBP LU2549761646 122677870 101.09 - 2 Feb 2023

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.

Meet the team

Latest ESG insights

Contact us