Dynamic Bond Fund

Flexible Bonds
ISIN
GB00B57TXN82
Sedol
B57TXN8
96.25
NAV
As at 16 Apr 2025
0.10%
Performance YTD

The UCITS fund aims to provide an attractive level of income along with the opportunity for capital growth, by investing in a range of assets across the fixed income spectrum.

An unconstrained bond fund that seeks value across the global fixed income markets.

Our Dynamic Bond Fund is designed as a core fixed income allocation to be held throughout the economic cycle. The team’s approach is dynamic and high conviction, adjusting the portfolio quickly to target new opportunities and mitigate risks as market conditions evolve.

Why invest?

  • An unconstrained, global and flexible fund not tied to any benchmark
  • The primary goal is an attractive level of income at all times, with a secondary goal of capital growth where conditions permit
  • An investment universe spanning government bonds, investment grade, high yield and emerging markets, as well as more specialist sectors such as subordinated financials and asset-backed securities (ABS)
  • High conviction approach seeks relative value by geography, sector, bond issuer and type of bond, looking to capture alpha from the bottom-up as well as top-down
  • Long-only and unlevered, but with a hedging toolkit available for managing currency, interest rate and credit risk

Investment Team

Insights

All data is as at 14 Oct 2024 unless otherwise indicated.

Fund performance

Performance for calendar years

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
I Inc (Net) GBP 9.6% -13.3% 2.1% 6.6% 9.4% -2.4% 8.9% 4.5% 2.6% 5.7% 9.2% 22.2% -4.2% 2.8% NA

All data is as at 16 Apr 2025 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile United Kingdom
Type of Fund UK Authorised UCITS Compliant OEIC
Share Class Currency GBP
Year End 31 March
Index Bank of England SONIA Overnight Rate
Fund Launch Date 26 Apr 2010
Share Class Launch date 16 Jun 2010
Distribution Type Dist
Distribution Frequency Quarterly
Dealing Daily
Minimum investment 50,000,000.00
ISA/SIPP Eligible Yes
Fund Registrations GB
Share Class Registrations GB
Nav Information
Highest since launch 115.22
Lowest since launch 87.11
Fund size in mln. 1,720.16
Fees And Expenses
Management fee 0.75%
Identifiers
ISIN GB00B57TXN82
Bloomberg PTDBIIN LN
SEDOL B57TXN8
Parties
Authorised Corporate Director Apex Fundrock Ltd
Auditor Grant Thornton UK LLP
Depository Northern Trust Investor Services Limited
Registrar Apex Fundrock Ltd

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee
A acc (Net) GBP GB00B5KPRZ34 Acc Retail 16 Jun 2010 1.25%
A inc (Gross) GBP GB00B5M01B05 Dist Retail 16 Jun 2010 1.25%
I Acc (Gross) GBP GB00B5VNH238 Acc Institutional 16 Jun 2010 0.75%
I Acc (Net) GBP GB00B5VRV677 Acc Institutional 16 Jun 2010 0.75%
I Inc (Gross) GBP GB00B57GX403 Dist Institutional 16 Jun 2010 0.75%
I Inc (Net) GBP GB00B57TXN82 Dist Institutional 16 Jun 2010 0.75%
M Inc (Gross) GBP GB00B8BG8H54 Dist Institutional 7 Dec 2012 0.75%

Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.

* TER includes performance fee where applicable

All data is as at 14 Oct 2024 unless otherwise indicated.

Rating Structure

Country Weighting

Sector Exposure

Maturity Exposure

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View all documents View latest documents

Document Date EN
Factsheets & Commentaries
Factsheet Mar 2025
Monthly Commentary Mar 2025
TwentyFour
TwentyFour General Application Form Jul 2023
UCITS KIIDs
KIID Jan 2025
Legal Documents
Consumer Facing Disclosure Jan 2025
Instrument of Incorporation Jan 2025
Sales Prospectus Jan 2025
Financial Reports
Annual Report Mar 2024
Semi-Annual Report Sep 2023

RISKS

Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.

  • Limited participation in the potential of single securities

  • Success of single security analysis and active management cannot be guaranteed

  • It cannot be guaranteed that the investor will recover the capital invested

  • Derivatives entail risks relating to liquidity, leverage and credit fluctuations, illiquidity and volatility

  • Interest rates may vary, bonds suffer price declines on rising interest rates

  • The structure of ABS/MBS and the pools backing them might be intransparent which exposes the subfund to additional credit and prepayment risks (extension or contraction risks) depending on which tranche of ABS/MBS is purchased by the subfund

  • Typically, sub-investment grade securities will have a higher risk of default, and are generally considered to be more illiquid than investment grade securities

  • Information on how environmental and social objectives are achieved and how sustainability risks are managed in this Fund may be obtained from here.

  • The Sub-Fund’s investments may be subject to sustainability risks. The sustainability risks that the Sub-Fund may be subject to are likely to have an immaterial impact on the value of the Sub-Funds’ investments in the medium to long term due to the mitigating nature of the Sub-Fund’s ESG approach.
  • The Sub-Funds' performance may be positively or negatively affected by its sustainability strategy.

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