MI TwentyFour AM Dynamic Bond A Acc (FUND:B5KPRZ3) - Overview

Fund Report

MI TwentyFour AM Dynamic Bond Fund A Accumulation shares

Key Stats
Morningstar® CategoryGlobal Flexible Bond - GBP Hedged
Manager Name-
Inception Date26/04/2010
NAV 30/11/2016GBP 14.28
Day Change0.05%
12 Month Yield4.43%
ISINGB00B5KPRZ34
SEDOLB5KPRZ3
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/20161,475.03 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time15:00:00
Regular InvestmentYes
Actual Initial Charge10.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.30%
AMC1.25%
Fund Rebate0.25%

Morningstar Rating™

4 Stars

Benchmarks

Fund Benchmark

ICE LIBOR 3 Month GBP

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate TR Hdg GBP

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund21.728.685.262.112.69
Category15.764.274.430.344.80
Benchmark5.930.047.921.393.49
  • Fund: MI TwentyFour AM Dynamic Bond Fund A Accumulation shares
  • Category: Global Flexible Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate TR Hdg GBP
Trailing Returns % (GBP) 30/11/2016
FundCatBmark
YTD2.694.933.15
3 Years Annualised3.733.233.94
5 Years Annualised8.276.163.93
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Dynamic Bond Fund aims to provide an attractive level of income along with an opportunity for capital growth, by investing in a broad range of bonds and fixed income assets. The investment policy of the Sub-Fund is to adopt a highly flexible approach that enables the Investment Adviser to take advantage of prevailing market conditions as they change over time. The Sub-Fund may invest in, or otherwise obtain exposure to, debt instruments from the whole range of fixed income assets including high yield bonds, investment grade bonds, government bonds, asset-backed securities and other bonds (such as, for example, emerging market sovereign bonds or bank capital perpetual b

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds88.730.7687.97
Cash6.551.295.25
Other6.780.006.78
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond58.19
Government15.34
Asset Backed10.14
Cash & Equivalents8.64
Non-Agency Residential Mortgage Backed6.35
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
US Treasury Bond 2.5% 2046-05-15United States5.05
New since last portfolioSpain(Kingdom Of) 1.95% 2026-04-30Spain4.01
New since last portfolioUS Treasury Note 1.5% 2026-08-15United States2.55
DecreaseCoventry Bs Cv 2049-11-01United Kingdom2.04
Barclays Bk 14% 2049-06-15United Kingdom1.89
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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