1167 Active Funds ICAV - Global Total Return Bond Fund A2 USD Acc
1167 Active Funds ICAV (Open Ended Investment Company domiciled in Ireland)
Key Information
Legal Documents

Fund Profile

Category: Open Ended Investment Company

The investment objective of the Fund is to seek to maximise risk-adjusted total returns by maximising total returns (from income and capital) relative to the volatility of those returns, over the medium to long term. It is the policy of the Fund to achieve its investment objective by investment, through long (positive) and/or short (negative) exposure, to bond, debt, and currency instruments in markets worldwide which may at the discretion of the Investment Manager include significant investment in emerging markets. A majority of the Fund’s total assets will be invested in sovereign and sovereign-related bond, debt and currency instruments in either developed or emerging market countries. Sovereign and sovereign-related instruments include those issued or guaranteed not only by supranational entities, national governments and local governments, but also by entities controlled or owned by national and local governments. The Fund may invest directly or use derivatives. You should note that: The Fund invests in bond, debt, and currency instruments worldwide of which a significant proportion may be in emerging markets. The Fund has no explicit benchmark, but a combination of developed market and emerging market government bond indices will be used as a comparison for performance purposes. The Fund’s objective is to maximise risk-adjusted returns. In order to achieve this the Fund may, at times, hold a substantial portion in cash. The Fund may engage in transactions in financial derivative instruments for efficient portfolio management, investment or hedging purposes. The Fund will invest in bonds of varying creditworthiness including Investment Grade, sub-Investment Grade and unrated instruments, denominated in any currency worldwide. There can be no guarantee that the Fund will achieve its investment objective. This Fund should be viewed as a medium to long term investment and may not be appropriate for investors who plan to withdraw their money within 5 years. The Fund has only Accumulating share classes. The Accumulating Shares do not pay dividends and any income arising is retained in the Fund and reflected in the price of the Shares. The Fund’s shares can be bought from, and sold back to, the Fund on any business day in Ireland. Please refer to the Prospectus and relevant Fund Supplement for more detailed information.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 21/09/202095.83
Morningstar categoryAlt - Long/Short Debt
Distribution statusAccumulating
Inception Date07/12/2016
Minimum initial amount5,000.00 USD
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.75% of which 0.45% is paid to MeDirect
Fund management company
Address1167 Capital LLP Heathman's House, 19 Heathman's Road London SW6 4TJ United Kingdom
Manager NameMichael Mabbutt
Manager Start Date31/10/2016
Total Net Assets (mil)29.06 USD (31/08/2020)
AdministratorNorthern Trust International Fund Administration Services (Ireland) Limited


en 06/06/2018
Morningstar Report


Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in USD
PeriodAnnualised returnDate
1 year5.81%21/09/2020
3 years-1.66%21/09/2020
Since launch-1.12%21/09/2020
Cumulative performance in USD
YTD 01/01/20203.45
1 month-0.53
3 months1.33
6 months16.94
Quarterly Returns
Q 1Q 2Q 3Q 4

Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months7.0017.0023.00
Negative Months5.0019.0021.00
Worst Month-8.48-8.48-8.48
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
United States Treasury Bills 0% 28/01/2021United States13.71
United States Treasury Bills 0% 13/08/2020United States12.00
Indonesia (Republic of) 8.25% 15/05/2036Indonesia10.12
Mexico (United Mexican States) 8.5% 18/11/2038Mexico10.08
Republic of South Africa 8.75% 28/02/2048South Africa7.42
Indonesia (Republic of) 6.62% 15/05/2033Indonesia5.77
Russian Federation 7.7% 23/03/2033Russia5.29
Republic of South Africa 8.75% 31/01/2044South Africa4.71
Russian Federation 7.05% 19/01/2028Russia3.78
Indonesia (Republic of) 9.5% 15/07/2031Indonesia3.72
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
No Data Available
Closing Price
All key information and documents must be reviewed before being able to Invest.