MI TwentyFour Dynamic Bond I NET
A more focused, best ideas mandate investing across the credit quality spectrum with a focus on Pan European credits and MBS.
PRICE (INC)
9786.12p
PRICE (ACC)
16928.03p
INITIAL CHARGE
0%
ANNUAL MANAGEMENT CHARGE
0.75%
ONGOING CHARGE
0.77%
YIELD
4.2%
Prices as at 11 Aug 2022.
Fund commentary last updated 14 Jan 2022.
Past performance is not an indication of future performance.
Capital at risk.
Fund summary
| Sector | £ Strategic Bond |
|---|---|
| Structure | OEIC |
| Launched | April 2010 |
| Size | £1,557m |
| Yield | 4.2% |
| Charging Basis | 50% Income 50% Capital |
| Dividends paid | 28 Feb, 31 May, 31 Aug, 30 Nov |
Charges
| Standard Initial Charge | 0% |
|---|---|
| Initial Charge Via BestInvest | 0% |
| Additional Bid/Offer Spread | 0% |
| Annual Management Charge | 0.75% |
| Ongoing Charges Figure | 0.77% |
Investment Process
This is an unconstrained and unleveraged long-only bond fund, that aims to add value through both top-down macro views and bottom-up ‘high conviction’ selection. Broad asset allocation is guided by monthly investment committee meetings with subsequent adjustments made to reflect market conditions and the availability of security-specific opportunities. Portfolio duration will always be positive, with interest rate duration currently being around 2.3 years and credit spread duration being around 3.5 years. All non-sterling currency exposure is generally hedged back to sterling. Apart from a maximum allocation to high yield bonds, there is no other credit quality constraint with assets ranging from investment grade and government bonds to emerging market sovereign bonds or bank capital perpetual bonds.
The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.
Past performance is not a guide to future performance. View full risk warning