Investment Trusts

TwentyFour Select Monthly Income Ord

SMIF:LSE

TwentyFour Select Monthly Income Ord

  • Price (GBX)84.40
  • Today's Change-0.60 / -0.71%
  • Shares traded845.48k
  • 1 Year change11.35%
  • Beta0.6503
Data delayed at least 20 minutes, as of Nov 25 2024 12:57 GMT.
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Profile data is unavailable for this security.

About the company

TwentyFour Select Monthly Income Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The Company’s investment policy is to invest in a diversified portfolio of credit securities. Its portfolio is comprised of any category of credit security, including, without prejudice to the generality of the foregoing, bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes and asset-backed securities and includes securities of a less liquid nature. It maintains a portfolio diversified by issuer and comprises at least approximately 50 credit securities. Its alternative investment fund manager is Apex Fundrock Limited.

  • Revenue in GBP (TTM)40.25m
  • Net income in GBP37.93m
  • Incorporated2014
  • Employees0.00
  • Location
    TwentyFour Select Monthly Income OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
  • Phone+44 1 481745001
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Profile

Management group(s)TwentyFour Asset Management LLP
AIC sectorDebt - Loans & Bonds
ISINGG00BJVDZ946
Launch date10 Mar 2014
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Fund will actively invest in a diversified portfolio of fixed income credit securities that exhibit an illiquidity premium, and which the Portfolio Managers believe represent attractive relative value. These securities will include (but are not limited to): corporate bonds, asset-backed securities, high yield bonds, bank capital, Additional Tier 1 securities, payment-in-kind notes and leveraged loans. Uninvested cash or surplus capital or assets may be invested on a temporary basis in cash and/or a range of assets including money market instruments and government bonds. The Fund may also use derivatives. This is only a summary; details of the Fund’s investment policy, including investment restrictions, are set out more fully in the Prospectus. Typical investors for whom these Ordinary Shares are intended are professional investors or professionally advised retail investors who are principally seeking monthly income from a portfolio of credit securities.

Managed by

Eoin Walsh, Felipe Villarroel, Pierre Beniguel, David Norris, Charlene Malik, George Curtis

Management & contract fees

Investment management fee of 0.75% of lower of market cap and NAV. The Investment Management Agreement may be terminated by either party giving not less than 12 months notice.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Schroder UK Mid Cap Fund PLC21.55m18.07m208.87m0.00208.87m0.00
Ecofin Glbl Utlits and Infrstrc Trst PLC-4.33m-10.27m208.89m0.00208.89m0.00
Pembroke VCT PLC-5.17m-10.47m209.90m0.00209.90m0.00
Aquila European Renewables PLC-27.73m-31.55m211.54m--211.54m--
CVC Income & Growth Ltd39.77m20.72m214.71m0.00214.71m0.00
Diverse Income Trust PLC44.72m41.95m216.06m0.00216.06m0.00
INVESCO Asia Trust plc9.84m5.56m217.39m0.00217.39m0.00
Baronsmead Second Venture Trust PLC9.86m4.23m217.90m0.00217.90m0.00
Income and Growth VCT PLC12.36m9.11m218.25m0.00218.25m0.00
Martin Currie Global Portfolio Trust PLC18.46m15.85m227.12m0.00227.12m0.00
British Smaller Companies VCT plc14.57m10.62m227.93m0.00227.93m0.00
TwentyFour Select Monthly Income Fnd Ltd40.25m37.93m228.71m0.00228.71m0.00
abrdn European Logistics Income PLC33.54m-55.29m236.36m0.00236.36m0.00
Taylor Maritime Investments Ltd-33.92m-42.68m245.04m8.00245.04m8.00
Foresight Ventures VCT PLC-3.64m-6.72m245.58m0.00245.58m0.00
International Biotechnology Trust Plc44.54m38.88m248.97m0.00248.97m0.00
Data as of Nov 25 2024. Currency figures normalised to TwentyFour Select Monthly Income Ord's reporting currency: UK Pound GBX

Institutional shareholders

8.04%Per cent of shares held by top holders
HolderShares% Held
Momentum Asset Management Pty Ltd.as of 17 May 202312.18m4.58%
BlackRock Investment Management (UK) Ltd.as of 30 Sep 20243.22m1.21%
Jupiter Asset Management Ltd.as of 31 Jul 20241.83m0.69%
Vanguard Global Advisers LLCas of 31 Oct 20241.68m0.63%
Evelyn Partners Investment Management LLPas of 30 Sep 2024803.27k0.30%
Legal & General Investment Management Ltd.as of 30 Sep 2024791.82k0.30%
FIL Investments Internationalas of 30 Sep 2024377.95k0.14%
abrdn Alternative Investments Ltd.as of 05 Jul 2024215.74k0.08%
BlackRock Advisors (UK) Ltd.as of 30 Sep 2024161.31k0.06%
abrdn Investments Ltd.as of 31 Oct 2024158.21k0.06%
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Data from 30 Jun 2024 - 31 Oct 2024Source: FactSet Research Systems Inc.
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