Monument Bond Fund

Asset-Backed Securities
ISIN
GB00BDD9NG10
Sedol
BDD9NG1
1.31
NAV
As at 16 May 2024
3.66%

The fund aims to provide an attractive level of income relative to prevailing interest rates whilst maintaining a strong focus on capital preservation. 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 and Australian asset backed securities where the investment manager has a high degree of confidence as to the issuer's ability to repay the principal due.

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.

Investment Objective

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.

Investment Approach

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.

Investment Team

Insights

All data is as at 16 May 2024 unless otherwise indicated.

Fund data
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 Acc
Dealing Daily
Minimum investment 50,000,000.00
ISA/SIPP Eligible Yes
Fund Registrations GB
Share Class Registrations GB
Nav Information
Highest since launch 1.31
Lowest since launch 1.00
Fund size in mln. 1,735.07
Fees And Expenses
Management fee 0.35%
OCF 0.38% (30 Sep 2023)
Identifiers
ISIN GB00BDD9NG10
Bloomberg PTWFMLA LN
SEDOL BDD9NG1
Parties
Authorised Corporate Director Apex Fundrock Ltd
Auditor Grant Thornton
Depository Northern Trust
Registrar Apex Fundrock Ltd

Available Share Classes

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 2023
I Acc (Gross) GBP GB00B4XMPS34 Acc Institutional 1 Dec 2009 0.60% 0.63% 30 Sep 2023
I Acc (Net) GBP GB00B3V5V897 Acc Institutional 13 Aug 2009 0.60% 0.63% 30 Sep 2023
I Inc (Gross) GBP GB00B4XCQT18 Dist Institutional 1 Dec 2009 0.60% 0.63% 30 Sep 2023
I Inc (Net) GBP GB00B3XVTT21 Dist Institutional 13 Aug 2009 0.60% 0.63% 30 Sep 2023
L Acc (Gross) GBP GB00BDD9NJ41 Acc 7 Mar 2017 0.35% 0.38% 30 Sep 2023
L Acc (Net) GBP GB00BDD9NG10 Acc 19 May 2016 0.35% 0.38% 30 Sep 2023
L Inc (Gross) GBP GB00BDD9NH27 Dist 21 Sep 2016 0.35% 0.38% 30 Sep 2023
L Inc (Net) GBP GB00BDD9NF03 Dist 19 May 2016 0.35% 0.38% 30 Sep 2023

* TER includes performance fee where applicable

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