
A specialist fund that invests across a broad range of investment grade and non-investment grade European asset-backed securities (ABS), making use of less liquid securities to enhance the portfolio’s income.
TwentyFour Sustainable Enhanced Income ABS Fund invests predominantly in UK and European ABS, including mortgage-backed securities and collateralised loan obligations (CLOs). Up to 20% of the portfolio may be allocated to ABS securities outside of the UK and EU.
The Fund seeks to achieve income and long-term capital growth.
All data is as at 14 Oct 2024 unless otherwise indicated.
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
A Acc GBP GBP | 14.3% | -2.1% | 3.6% | 1.5% | NA |
All data is as at 9 May 2025 unless otherwise indicated.
Portfolio Manager | TwentyFour Asset Management LLP |
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Fund Domicile | Ireland |
Type of Fund | Irish Authorised ICAV (QIAIF) |
Share Class Currency | GBP |
Year End | 28 February |
Index | Bank of England SONIA Overnight Rate |
Fund Launch Date | 20 Aug 2020 |
Share Class Launch date | 1 Nov 2020 |
Distribution Type | Acc |
Dealing | Weekly |
Minimum investment | 100,000.00 |
Fund Registrations | GB, IE |
Share Class Registrations | GB, IE |
Highest since launch | 133.70 |
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Lowest since launch | 99.32 |
Fund size in mln. | 256.80 |
Management fee | 0.45% |
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ISIN | IE00BMX0BH45 |
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Bloomberg | TFEIAGI ID |
SEDOL | BMX0BH4 |
Auditor | Grant Thornton |
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Depository | Northern Trust Fiduciary Services (Ireland) Limited |
Registrar | Northern Trust International Fund Administration Services (Ireland) Limited |
AIFM | Waystone Management Company (IE) Limited |
Fund Administrator | Northern Trust |
Share class | Currency | ISIN | Distrib. | Type | Launch date | Management fee |
---|---|---|---|---|---|---|
A Acc EUR | EUR | IE000PMRMT65 | Acc | Institutional | 5 Dec 2023 | 0.45% |
A Acc GBP | GBP | IE00BMX0BH45 | Acc | Institutional | 1 Nov 2020 | 0.45% |
A Inc GBP | GBP | IE00BMX0BJ68 | Dist | Institutional | 20 Aug 2020 | 0.45% |
Subject to change, without notice, only the current prospectus or comparable document of the fund is legally binding.
Please refer to the current EMT file for the latest OCF.
* TER includes performance fee where applicable
All data is as at 14 Oct 2024 unless otherwise indicated.
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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
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.
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