Asset Backed Opportunities Fund

Asset Backed Securities
ISIN
GB00BRJV8208
Sedol
BRJV820
1.05
NAV
As at 16 May 2025
2.48%
Performance YTD

A specialist fund that invests across a broad range of investment grade and lower rated European asset-backed securities (ABS), targeting higher yielding areas of the market to enhance the portfolio’s income.

Asset Backed Opportunities Fund leans towards higher yielding assets within the European ABS investment universe, which includes securities backed by residential mortgages, commercial mortgages, automobile leases and loans, SME loans and other secured bonds. 

Investment objective

The Fund has a target return of 4-6% over prevailing interest rates.

Why invest?

  • ABS normally offers a higher yield for a given rating or maturity than more mainstream investments such as government or corporate bonds.
  • TwentyFour’s ABS expertise allows the team to target more attractive income in lower rated, less liquid, higher yielding areas of the market.
  • Features such as credit enhancement, loss-absorbing reserve funds, and the legal separation of issuer and asset pool are built-in protections for ABS investors.
  • Transactions are highly transparent with detailed reports showing the performance of each loan in the asset pool, enabling investors to conduct their own research.
  • ABS remains a poorly understood asset class, meaning those that put in the effort and expertise can be rewarded with a complexity premium.

 

 

Investment Team

Insights

According to the EU’s Markets in Financial Instruments Directive (MiFID) and its implementation in national law, performance information may only be shown to clients if it covers a period of at least 12 months.

All data is as at 16 May 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
Fund Launch Date 11 Apr 2017
Share Class Launch date 11 Sep 2024
Distribution Type Acc
Distribution Frequency Quarterly
Dealing Daily
Minimum investment 40,000,000.00
ISA/SIPP Eligible Yes
Fund Registrations GB
Share Class Registrations GB
Nav Information
Highest since launch 1.0543
Lowest since launch 1.00
Fund size in mln. 115.96
Fees And Expenses
Management fee 0.50%
Identifiers
ISIN GB00BRJV8208
SEDOL BRJV820
Parties
Authorised Corporate Director Apex Fundrock Ltd
Auditor Grant Thornton UK LLP
Registrar Apex Fundrock Ltd

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee
I Acc (Gross) GBP GB00BRJV8208 Acc Institutional 11 Sep 2024 0.50%
I Inc (Gross) GBP GB00BD5D3D88 Dist Institutional 11 Apr 2017 0.50%

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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Document Date EN
Factsheets & Commentaries
Factsheet Apr 2025
Monthly Commentary Apr 2025
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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