A specialist fund that invests across a broad range of primarily European investment grade and non-investment grade asset-backed securities (ABS), making use of less liquid securities to enhance the portfolio’s income.
TwentyFour 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 30 Jun 2026 unless otherwise indicated.
| 1M | YTD | Annualised | Since Inception | ||
|---|---|---|---|---|---|
| 3Y | 5Y | ||||
| A Inc GBP GBP | 0.5% | 2.8% | 9.4% | 6.9% | 6.7% |
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| A Inc GBP GBP | 7.4% | 11.5% | 14.3% | -2.1% | 3.6% | NA | NA |
Past performance is not a reliable indicator of future performance. The performance figures shown are in the respective share class currency on a mid-to-mid basis inclusive of net reinvested income and net of all fund expenses. Performance data does not take into account any commissions and costs charged when shares of the fund are issued and redeemed. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. *Since Inception relates to inception of the share class.
All data is as at 10 Jul 2026 unless otherwise indicated.
| Portfolio Manager | TwentyFour Asset Management LLP |
|---|---|
| Fund Domicile | Ireland |
| Type of Fund | Irish Authorised ICAV (QIAIF) |
| Share Class Currency | GBP |
| Year End | 28 February |
| Benchmark | Bank of England SONIA Overnight Rate |
| Fund Launch Date | 20 Aug 2020 |
| Share Class Launch Date | 20 Aug 2020 |
| Distribution Type | Dist |
| Distribution Frequency | Quarterly |
| Dealing | Weekly |
| Minimum investment | 100,000.00 |
| Fund Registrations | GB, IE |
| Share Class Registrations | GB, IE |
| Highest since launch | 111.56 |
|---|---|
| Lowest since launch | 95.67 |
| Fund size in mln. | 422.80 |
| Management Fee | 0.45% |
|---|---|
| OCF | 0.60% (21 May 2025) |
| ISIN | IE00BMX0BJ68 |
|---|---|
| Bloomberg | TFEIBGI ID |
| SEDOL | BMX0BJ6 |
| Auditor | Grant Thornton |
|---|---|
| Depositary | 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 | OCF |
|---|---|---|---|---|---|---|---|
| A ACC CHF | CHF | IE000N38Y625 | Acc | Institutional | 31 Aug 2021 | 0.45% | 0.65% (21 May 2025) |
| A Acc EUR | EUR | IE000PMRMT65 | Acc | Institutional | 5 Dec 2023 | 0.45% | 0.65% (21 May 2025) |
| A Acc GBP | GBP | IE00BMX0BH45 | Acc | Institutional | 1 Nov 2020 | 0.45% | 0.60% (21 May 2025) |
| A Inc GBP | GBP | IE00BMX0BJ68 | Dist | Institutional | 20 Aug 2020 | 0.45% | 0.60% (21 May 2025) |
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 30 Jun 2026 unless otherwise indicated.
Rating Structure: For non-rated sovereign bonds, the issuing sovereign’s rating will be applied.
Geographical Weighting: Calculated on a direct exposure basis.
Maturity Profile: Calculated as the expected maturity date or call date or as the weighted average life for amortising Asset-Backed Securities. Positioning numbers are rounded to nearest integer and therefore only approximate.
Cash & Equiv: Calculated as the sum of trade date cash holdings and may include the mark-to-market value of any derivative positions that are held. Cash & Equiv may be negative, such as due to unrealised mark-to-market on derivative positions or timings between trade date and settlement date cash holdings
View all documents View latest documents
| Document | Date | EN |
|---|---|---|
| Factsheets & Commentaries | ||
| Factsheet | Jun 2026 | |
| Factsheet | May 2026 | |
| Factsheet | Apr 2026 | |
| Factsheet | Mar 2026 | |
| Factsheet | Feb 2026 | |
| Monthly Commentary | Jun 2026 | |
| View more Factsheets & Commentaries View less Factsheets & Commentaries | ||
| Legal Documents | ||
| Prospectus Supplement | Apr 2026 | |
| Sales Prospectus | Apr 2026 | |
| Sustainability Related Disclosures | ||
| Pre-contractual Disclosure | May 2025 | |
| Sustainability Related Disclosures | May 2025 | |
| Financial Reports | ||
| Annual Report | Feb 2025 | |
| UK Tax Reporting | ||
| UK Tax Reporting | Feb 2025 | |
| Dealing Information | ||
| Application Form | Jul 2020 | |
| Redemption Form | Sep 2020 | |
| Subscription Form | Sep 2021 | |
| TwentyFour Enhanced Income ABS Fund Application Form | Jul 2020 | |
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.
Morningstar rating: © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
