TwentyFour Sustainable Global Corporate Bond Fund

Investment Grade
ISIN
IE000GIMZ1H0
Sedol
BLFDQ68
100.46
NAV
As at 4 Dec 2024
0.46%

A new actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.

Investment Objective

The Fund will aim to exceed the return of the ICE BofA Global Corporate Index over the medium to long term, based on a combination of income and capital growth. The Fund will contribute towards the Paris Agreement’s goal to hold the increase in the global average temperature to below 2˚C above pre-industrial levels. The portfolio managers seek to maximise risk-adjusted returns; considering not just a bond’s expected return but also it’s expected volatility through the economic cycle.

Investment Opportunity

The TwentyFour Sustainable Global Corporate Bond Fund (SGCBF) will be an actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.

With a focus on companies with credible net zero commitments and applying positive and negative screening, SGCBF will seek out companies with sound ESG practices, rewarding environmental innovation and momentum. The Fund aims to extend TwentyFour’s sustainable range applying our successful track record seeking global relative value in sustainable fixed income investing.

Investment Approach

Credit investments sourced from the global fixed income universe - will invest primarily (approximately 70%) in investment grade corporate bonds, but may also invest in government bonds and up to 20% in high yield issues. 

Will be managed with strong focus on capital preservation and mitigating volatility. Use of TwentyFour’s proprietary relative value database (‘Observatory’) which also includes our ESG scoring system, meaning ESG analysis is deeply integrated into the Fund’s credit research process, ensuring that all ESG factors are taken into account for every investment decision. Negative and positive screening is applied.

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 4 Dec 2024 unless otherwise indicated.

Fund data
Portfolio Manager TwentyFour Asset Management LLP
Fund Domicile Ireland
Type of Fund Irish Authorised UCITS Compliant OEIC
Share Class Currency GBP
Year End 31 December
Index G0BC Index
Fund Launch Date 19 Sep 2024
Share Class Launch date 19 Sep 2024
Distribution Type Acc
Distribution Frequency Quarterly
Dealing Daily
ISA/SIPP Eligible Yes
Fund Registrations GB, IE
Share Class Registrations GB, IE
Nav Information
Highest since launch 100.46
Lowest since launch 98.63
Fund size in mln. 13.43
Fees And Expenses
Management fee 0.40%
Identifiers
ISIN IE000GIMZ1H0
Bloomberg TFSEIGA ID
SEDOL BLFDQ68
Parties
Auditor Grant Thornton
Depository Northern Trust Fiduciary Services (Ireland) Limited
Fund Administrator Northern Trust

Available Share Classes

Share class Currency ISIN Distrib. Type Launch date Management fee
Acc GBP IE000C040A25 Acc Retail 19 Sep 2024 1.78%
I Acc GBP IE000GIMZ1H0 Acc Institutional 19 Sep 2024 0.40%
I Inc GBP IE000502QSN6 Dist Institutional 19 Sep 2024 0.40%
Inc GBP IE000KJT1JO3 Dist Retail 19 Sep 2024 1.78%

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

View all documents View latest documents

Document Date EN
PRIIPs KIDs
KID Sep 2024
TwentyFour
Application form Sep 2024
Redemption form Sep 2024
Subscription form Sep 2024
UCITS KIIDs
KIID Sep 2024
Legal Documents
Prospectus Supplement Jul 2024
Sales Prospectus Nov 2022
Sustainability Related Disclosures
Sustainability Related Disclosures Sep 2024

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

  • Investments in foreign currencies are subject to currency fluctuations

  • High-yield bonds (non-investment-grade bonds/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated bonds

  • The fund has the ability to use derivatives, including but not limited to FX forwards, for hedging and EPM purposes only. This may magnify gains or losses

  • 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.
  • The ability to meet social or environmental objectives might be affected by incomplete or inaccurate data from third-party providers.

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