Flexible Bonds

Dynamic Bond Fund

ISIN
GB00B5M01B05
Sedol
B5M01B0

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.
10.90
NAV
1.16%
Performance YTD
As at 7 Dec 2021

A UCITS fund that aims to provide an attractive level of income along with the opportunity for capital growth, by investing in a broad range of bonds and fixed income assets, including investment grade bonds, high yield bonds, government bonds and asset-backed securities. The fund has a highly flexible strategy, including the use of derivatives, enabling it to take advantage of prevailing market conditions as they change over time and therefore perform in both rising and declining rate environments throughout the economic cycle.

Investment Objective

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.

Investment Approach

The UCITS fund will adopt a highly flexible approach that enables TwentyFour to take advantage of prevailing market conditions as they change over time. The fund may invest in, or otherwise obtain exposure to, debt instruments from the whole range of fixed income assets including investment grade bonds, high yield bonds, government bonds, asset-backed securities and other bonds as determined by TwentyFour’s view on risk and reward over time.

The fund will also use derivatives, such as interest rate and credit derivatives, to either optimize exposures or reduce them according to TwentyFour’s market viewpoint, thereby giving the fund the opportunity to perform in both rising and declining rate environments throughout the credit cycle. The fund may also employ synthetic short positions both for hedging purposes and to take advantage of deterioration either in the market generally or with respect to specific issuers. The fund may also hedge some or all of its exposure in the foreign exchange markets.

Portfolio Managers

Insights

All data is as at 7 Dec 2021 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile United Kingdom
Share Class Currency GBP
End of fiscal year 31 March
Index 3 month GBP Libor
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 11.37
Lowest since launch 8.83
Fund size in mln. 1,927.54
Fees And Expenses
Management fee 1.25%
OCF 1.28% (30 Sep 2019)
Identifiers
ISIN GB00B5M01B05
Bloomberg PTDBAIG LN
SEDOL B5M01B0
Parties
Authorised Corporate Director Maitland institutional Services Ltd
Auditor PricewaterhouseCoopers
Depository Northern Trust Global Services SE (UK Branch)
Registrar Maitland institutional Services Ltd

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee OCF OCF Date
A acc (Net) GBP GB00B5KPRZ34 Acc Retail 16 Jun 2010 1.25% 1.28% 30 Sep 2019
A inc (Gross) GBP GB00B5M01B05 Dist Retail 16 Jun 2010 1.25% 1.28% 30 Sep 2019
I Acc (Gross) GBP GB00B5VNH238 Acc Institutional 16 Jun 2010 0.75% 0.78% 30 Sep 2019
I Acc (Net) GBP GB00B5VRV677 Acc Institutional 16 Jun 2010 0.75% 0.78% 30 Sep 2019
I Inc (Gross) GBP GB00B57GX403 Dist Institutional 16 Jun 2010 0.75% 0.78% 30 Sep 2019
I Inc (Net) GBP GB00B57TXN82 Dist Institutional 16 Jun 2010 0.75% 0.78% 17 Sep 2021
M Inc (Gross) GBP GB00B8BG8H54 Dist Institutional 7 Dec 2012 0.75% 0.78% 30 Sep 2019

* TER includes performance fee where applicable

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Factsheet Oct 2021
Monthly Commentary Oct 2021
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Annual Report Mar 2021
Semi-Annual Report Sep 2020
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Remuneration Policy Dec 2014