TwentyFour Sustainable Strategic Income Fund

Fund objective

This actively managed sub-fund seeks to achieve an attractive level of income along with the opportunity of capital growth. It promotes environmental or social characteristics, but does not have as its objective sustainable investment. It is categorized as Article 8 SFDR. More details can be found in the prospectus. 4 As a sub-fund managed independently of a benchmark, the subfund will generate exposure, in particular, to the fixed-income asset class on a relative value basis by selecting eligible securities from the worldwide (including emerging markets) range of fixed-interest and floating rate securities, including government, supranational, corporate bonds, contingent convertible bonds and asset-backed securities. There shall be no constraints on the rating of the securities. 4 Up to 49% of the sub-fund may be invested in contingent convertible bonds (CoCos), up to 20% in asset-backed securities and up to 5% in distressed securities. The Sub-Fund may also hold up to 20% of its net assets in bank deposits at sight. In exceptionally unfavorable market conditions, the Sub-Fund may hold up to 100% of its net assets in money-market instruments and hold bank deposits at sight. 4 Type of approach: The sub-fund promotes environmental and social characteristics by following integration and exclusions approaches by investing in debt securities of companies with excellent Environmental, Social and Governance (ESG) ratings. Companies must have an ESG rating above a minimum threshold (which excludes a large part of the comparable benchmark) based on the investment manager's proprietary scoring model (positive screening), as well as absolute prohibitions (negative screening) in certain sectors. Threshold: The application of binding elements leads to exclusion of at least 20% of the investments considered prior to the application of the investment strategy (i.e. companies that issue debt securities to the capital markets and securitisations offered in the capital markets). Main methodological limits: potential inconsistency, inaccuracy or lack of availability of ESG data issued by third party providers. Internal analyses may be based on certain assumptions or hypothesis that render it incomplete or inaccurate. 4 Up to 49% of the Sub-Fund's net assets may be invested in asset classes and/or financial instruments outside of the afore-mentioned investment universe to take advantage of market opportunities in order to further facilitate the achievement of the investment objective and money market instruments and bank deposits for liquidity management. 4 The sub-fund may use derivatives to achieve the investment objective and for hedging purposes. 4 The currency of this class is continually hedged against the subfund's main currency. This hedging does not necessarily cover all currency risks. It entails costs which in turn reduce the share class' return. 4 The sub-fund is not managed with reference to a benchmark. The portfolio manager has full investment discretion within the predefined investment limits. 4 Any income generated will be reinvested and included in the value of your shares. 4 Buying and selling securities entails transaction costs payable in addition to the charges listed. 4 Redemption of shares: daily when banks in Luxembourg and in London are open for normal business (see prospectus for details and exceptions). 4 HNG (hedged) shares are reserved exclusively for specific investors and for investors who invest at least 50 million GBP. They do not grant any rebate or retrocessions. See prospectus for details.