Asset-Backed Securities
A UCITS fund that seeks an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation. The Fund’s investment focus is European asset backed securities (ABS) which must be rated at least BBB- or equivalent at the time of investment.
The fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation.
The Monument Bond Fund does not offer a capital guarantee or principal protection mechanism. Efforts to preserve the fund’s capital will be focused on the selection of underlying mortgage European asset backed securities where the investment manager has a high degree of confidence as to the issuer’s ability to repay the principal due.
The investment policy of the sub-fund is to invest in a diversified portfolio of European and Australian asset backed securities (ABS), rated at least BBB- (or equivalent) at the time of investment by one or more of Standard & Poor’s, Moody’s Investor Services and Fitch, where the securities will be backed by the assets of institutions and issuers such as but not limited to residential mortgages, commercial mortgages, automobile leases and loans, SME loans and other secured bonds.
A portion of the portfolio may be held in cash or cash equivalents, such as treasury bills and government bonds, in order to further enhance the Sub-Fund’s liquidity. From time to time it is possible that a significant portion of the portfolio may be invested in securities from a particular geographical region.
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All data is as at 3 Nov 2023 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | United Kingdom |
| Share Class Currency | GBP |
| Year End | 31 March |
| Index | Bank of England SONIA Overnight Rate |
| Fund Launch Date | 10 Aug 2009 |
| Share Class Launch date | 19 May 2016 |
| Distribution Type | Dist |
| Distribution Frequency | Semi-Anl |
| Dealing | Daily |
| Minimum investment | 50,000,000.00 |
| ISA/SIPP Eligible | Yes |
| Fund Registrations | GB |
| Share Class Registrations | GB |
| Highest since launch | 1.08 |
|---|---|
| Lowest since launch | 0.98 |
| Fund size in mln. | 1,002.57 |
| Management fee | 0.35% |
|---|---|
| OCF | 0.38% (30 Sep 2019) |
| ISIN | GB00BDD9NF03 |
|---|---|
| Bloomberg | PTWFMLI LN |
| SEDOL | BDD9NF0 |
| Authorised Corporate Director | Apex Fundrock Ltd |
|---|---|
| Auditor | Grant Thornton |
| Depository | Northern Trust |
| Registrar | Apex Fundrock Ltd |
| Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee | OCF | OCF Date |
|---|---|---|---|---|---|---|---|---|
| A acc (Net) | GBP | GB00B3VH8W86 | Acc | Retail | 10 Aug 2009 | 1.05% | 1.08% | 30 Sep 2019 |
| I Acc (Gross) | GBP | GB00B4XMPS34 | Acc | Institutional | 1 Dec 2009 | 0.60% | 0.63% | 30 Sep 2019 |
| I Acc (Net) | GBP | GB00B3V5V897 | Acc | Institutional | 13 Aug 2009 | 0.60% | 0.63% | 30 Sep 2019 |
| I Inc (Gross) | GBP | GB00B4XCQT18 | Dist | Institutional | 1 Dec 2009 | 0.60% | 0.63% | 30 Sep 2019 |
| I Inc (Net) | GBP | GB00B3XVTT21 | Dist | Institutional | 13 Aug 2009 | 0.60% | 0.63% | 30 Sep 2019 |
| L Acc (Gross) | GBP | GB00BDD9NJ41 | Acc | 7 Mar 2017 | 0.35% | 0.38% | 30 Sep 2019 | |
| L Acc (Net) | GBP | GB00BDD9NG10 | Acc | 19 May 2016 | 0.35% | 0.38% | 30 Sep 2019 | |
| L Inc (Gross) | GBP | GB00BDD9NH27 | Dist | 21 Sep 2016 | 0.35% | 0.38% | 30 Sep 2019 | |
| L Inc (Net) | GBP | GB00BDD9NF03 | Dist | 19 May 2016 | 0.35% | 0.38% | 30 Sep 2019 |
* TER includes performance fee where applicable