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Asset-Backed Securities Fund

A high quality, conservatively managed fixed income solution aiming to provide downside resilience over cycles

Overview

INVESTMENT OBJECTIVE

ABOUT THIS FUND

  • Specialised and experienced team: A long-standing track record in ABS and CLO investing. Portfolio managers have worked together since 2010 and draw upon the expertise of securitised and loans specialists.
  • In-depth analysis and insights: Market leading tools and systems integrated into the research process to gain deep insights on underlying collateral and identify relative value.
  • Global opportunity set: Expertise in European regulations and in-depth local market knowledge to access the vast global securitised market.

Portfolio Management

Ian Bettney

Portfolio Manager

Industry since 2000. Joined Firm in 2005.

Denis Struc

Portfolio Manager

Industry since 2005. Joined Firm in 2010.

Performance

Portfolio

Top Holdings (As of 31/05/2026)
% of Fund
Janus Henderson EUR AAA CLO Active Core UCITS ETF 6.41
United Kingdom Gilt 3.75% 2027 3.94
New Residential Mortgage Loan Trust 2025-NQM7 5.01% 2065 (NRZT 2025-NQM7 A1) 2.48
Tesco Property Finance 2 6.0517% 2039 2.28
COLT 2025-11 Mortgage Loan Trust 5.053% 2070 1.88
Satus 2026-1 4.6324% 2033 1.82
Metro Finance 2025-1 Trust 5.4718% 2031 (METR 2025-1 A) 1.77
EdgeConneX Data Centers Europe 4.50% 2056 (EDGEU 2026-1X A2) 1.50
Seabury Park Clo DAC 3.505% 2040 (SEBPK 1X A) 1.37
BX Trust 2026-CIP 4.85% 2038 (BX 2026-CIP A) 1.34
TOTAL 24.79
Sector Allocation % of Fund % of Fund As of 31/05/2026
Maturity Breakdown of Fixed Income Holdings % of Fund % of Fund As of 31/05/2026
Credit Quality of Fixed Income Holdings % of Fund % of Fund As of 31/05/2026
Country/Geographic Exposures % of Fund % of Fund As of 31/05/2026
Regional Allocation % of Fund % of Fund As of 31/05/2026

Documents