Fact sheet: TwentyFour Inc Ltd

Fund information
Fund name
TwentyFour Income Limited Ord
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund managers
  • Douglas Charlestonsince 01/07/2013
  • Rob Fordsince 06/03/2013
  • Aza Teeuwensince 06/03/2013
  • Ben Haywardsince 06/03/2013
Fund objective
The Fund aims to generate attractive risk adjusted returns principally through income distributions.
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
IT Debt
Fund size
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Mid price
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
Top in this sector
Fund name1 Year
Duet Real Estate Fin Ltd552.7%
Volta Finance Limited14.7%
Fair Oaks Income Fund Ltd10.8%
Starwood ErpnREFin Ltd9.7%
Blackstone/GSO Loan Fin Ltd8.8%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • Europe95.5%
    Money Market4.5%
  • Asset/Mortgage-Backed Securities90%
    Cash & Cash Equivalents4.5%
    Loan Stocks0.8%
  • European Fixed Interest95.5%
    Money Market4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector11 / 248 / 2311 / 2214 / 195 / 11-
Calendar performance
 YTD - 20162015201420132012
Rank within sector10 / 2211 / 152 / 11--
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high118.25
52 week low104
Current bid price111.75
Current offer price112.5
Current mid price112.25
2Money Market4.47%
Industry sector
1Asset/Mortgage-Backed Securities90%
3Cash & Cash Equivalents4.47%
4Loan Stocks0.83%
Asset type
1European Fixed Interest95.53%
2Money Market4.47%
Individual holdings
1CBFLU 13.32%
2SCGC 2015-13.22%
3LUSI 53.05%
4AURUS 2016-12.67%
5WARW 12.63%
6TPMF 2016-GR12.12%
7MPS 32.04%
8AMF 2015-11.97%
9CELES 2015-11.95%
Fund manager group
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund objective
The Fund aims to generate attractive risk adjusted returns principally through income distributions.
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
Douglas Charleston01/07/2013Portfolio Manager with 9 years' experience. Previous roles include a structurer at Lloyds and ratings analyst at S&P
Rob Ford06/03/2013Partner with 30 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital
Aza Teeuwen06/03/2013Portfolio Manager with 9 years' structured finance experience; previously buy-side analyst for IMC asset management
Ben Hayward06/03/2013Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
AIC Member
No data available.
Fund for sale in
Guernsey, Offshore
TwentyFour Income Limited Ord
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price111.75
Offer price112.5
Mid price112.25
Price updated27/10/2016
Institutional or retail classRetail
Citi codeICBB
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.