TwentyFour CLO Investor Update Breakfast

As investors navigate a more uncertain market environment, Collateralised Loan Obligations (CLOs) continue to offer compelling opportunities, underpinned by strong technical demand, an expanding opportunity set and more favourable regulatory support.

While tight spreads and geopolitical uncertainty reinforce the importance of active security selection, resilient consumer credit, robust primary issuance and growing institutional participation continue to underpin the asset class. Combined with attractive risk-adjusted yields, low historical default rates and strong structural protections, CLOs can provide resilient income, portfolio diversification and a defensive source of returns within fixed income allocations. Furthermore, looking at the asset class on a global basis gives flexibility to find the best relative value, whilst maximising liquidity and adding diversification which further reduces credit risk and correlation.

We are currently exploring the launch of two UCITS strategies later this year, which will provide exposure to CLOs through different risk and return profiles:

1) Proposition 1 – targeting predominantly AAA CLOs, with a small allocation to AA

Differentiated to AAA CLO ETFs by being one of the few UCITS funds, having a small allocation to AA CLOs (boosting the yield) and a global focus (Europe & US)

2) Proposition 2 – targeting predominantly mezzanine CLOs (BBB average)

Differentiated to other funds as will be able to buy up to 40% in BB/B CLOs. Global focus reduces tail risk and improves liquidity (there will be up to 40% US exposure for diversification)

Please join us for breakfast on Wednesday 7 October 2026 to hear more about the current opportunities in the global CLO market, as well as our two new fund propositions.